Mortgage Types
While a mortgage is a loan that is secured against your home, there are many variations to the type of mortgage that can be used for different needs. Based on your goals and risk characteristics there may be a number of different mortgage products that will meet your needs.
Here is a list of the variations of Mortgages which you may be introduced to:
- Pre-Approved Mortgage
- Conventional Mortgage
- High-Ratio Mortgage
- First Mortgages
- Open Mortgages
- Closed Mortgages
- Fixed-Term Mortgages
- The Adjustable Rate (A.R.M.) Mortgage
- Secured Lines of Credit
- Equity Mortgages
- Multiple Term Mortgages
- The 6 Month Convertible Mortgage
- All-Inclusive-Mortgage (A.I.M.)
- Bridge Financing
