answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the best type of mortgage loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is the best mortgage?

A mortgage is a mortgage is a mortgage, right? Wrong! There are many mortgage products on the market now, so it's important for you to do your homework to determine which type is best for you, and which bank, savings and loan, mortgage bank, finance company or credit union offers the best terms for that type of loan. <a href=http://www.helpmortgage.net rel"dofollow">Mortgage Deals</a>


Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.


Is it true or false that a mortgage is a type of unsecured loan?

It is false. A mortgage is a secured loan. The house itself is the security.


Where can you find a reverse mortgage calculator?

Reverse mortgage calculators can be found on line on most mortgage websites.There are hundreds of mortgage loan sites.& This calculator makes it easier to understand the reverse mortgage math and to let you see if this type of mortgage is best for you.


Can a primary mortgage be classified as a home equity loan?

Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.

Related questions

What is the best mortgage?

A mortgage is a mortgage is a mortgage, right? Wrong! There are many mortgage products on the market now, so it's important for you to do your homework to determine which type is best for you, and which bank, savings and loan, mortgage bank, finance company or credit union offers the best terms for that type of loan. <a href=http://www.helpmortgage.net rel"dofollow">Mortgage Deals</a>


Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.


Is it true or false that a mortgage is a type of unsecured loan?

It is false. A mortgage is a secured loan. The house itself is the security.


Where can you find a reverse mortgage calculator?

Reverse mortgage calculators can be found on line on most mortgage websites.There are hundreds of mortgage loan sites.& This calculator makes it easier to understand the reverse mortgage math and to let you see if this type of mortgage is best for you.


Can a primary mortgage be classified as a home equity loan?

Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.


What is the best type of home loan mortgage for a first time buyer?

The best home loan mortgage for the first time buyer can vary depending on the buyer's current job, financial stability, and other factors. Some recommended home loan mortgages include Wells Fargo and US Bank.


Where is the best place to get a bridge loan on your mortgage?

There are several places to get a bridge loan on your mortgage. Any bank or mortgage company will sell you a bridge loan, but remember they always have a much higher rate of interest.


What are the best refinance home mortgage loan rates?

The rates for a mortgage loan vary widely depending on the loan amount, the loan type, which company one purchases from, and one's credit score. However, a rate above 4.5% is considered high, and a rate below 3.6% is considered low.


Where can one find find a fixed loan rate mortgage?

There are many companies that offer one a fixed loan rate mortgage. One can get this type of mortgage from 'Capital One', 'Integrity Home Loan', 'National Mortgage Alliance' and 'First Rate'.


What type of mortgage loan has a fixed rate a fixed term and a fixed payment?

Conventional Mortgage


what does a mortgage calculator calculate?

How much you will be paying for a home loan based on which mortgage type is best to suit your needs I.E fixed rate or variable and how much you want to repay.


Does Greentree Mortgage only deal in real estate?

"Greentree Mortgage company deals only in real estate mortgages, but they do offer a variety of loan types. You can contact them by calling or by filling out a form to find out what type of loan would be best for you."