Free community listings
Posted on ListSomething.com
Types of mortgage loan
- From: vertuitymortgage201@gmail.com
- Posted: 01/13/2016 02:54PM
- City: Winnipeg
- State: MANITOBA
- Phone Number: 2048884663
- Keywords: mortgage refinance, mortgage, mortgage brokers
- Description:
- There are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage. All of these may be subject to local regulation and legal requirements. The two basic types of amortized loans are the Fixed Rate Mortgage (FRM) and Adjustable ---_rate Mortgage (ARM) (also known as a floating or variable rate mortgage In some countries, such as the United States, fixed rate mortgages are the norm, but floating rate mortgages are relatively common. Combinations of fixed and floating rate mortgages are also common, whereby a mortgage loan will have a fixed rate for some period, for example the first five years, and vary after the end of that period.
