In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but heres a primer on the basics.
Balloon Home Loans Be Careful
In this modern economy, lenders provide loans tailored to just about any situation. Balloon loans are one such loan, but carry a serious downside if youre not careful.
Jumbo Loans are now commonplace in America
Many homes require jumbo loans these days, learn about some of their characteristics now.