– What type of mortgage is right for you? You’ve found the perfect home, and now it’s time to find the perfect loan. We’ve developed this easy quiz to help you decide which type of mortgage is right for you.
How To Determine What Type Of Mortgage Is Best For Me – "What type of mortgage is best for me," is one of the top mortgage FAQs that is asked by buyers. It’s important when buying a home, you understand what type of mortgages are available and also determine which is the best fit for your situation.
What Mortgage Is Right for Me? – money.com – But when the loan resets, the rate could go much higher, landing you in a financial hole if you’re not prepared. (A cap on rates keeps it from being an bottomless pit, but still.) ARMs are best when you don’t plan to stay in the home for the long haul; ideally, you’ll be able to sell and pay off the mortgage before the rate gets too high.