DIFFERENT TYPES OF MORTGAGES – A GUIDE THROUGH THE MAZE
So you’re thinking about buying a house? Your journey starts from afar as you look at properties that catch your eye. You then need to look at different types of mortgages and navigate your way through the mortgage maze.
Regardless of your income status, most banks and financial institutions have instruments they use to get you onboard. This is perhaps where the most modern financial apparatus for the mortgage market exists. Since they are new, not a lot of people know about or even understand them.
There are many different and opposing terms you will come across, that could land you in hot water further down the line if you don’t understand them. It’s easy to get lost in it and give up, so here’s a guide on the different things you need to look out for.
