Tuesday, February 25, 2014

DailyMarkets.com - Lesser-Known Mortgage Types Explained

DailyMarkets.com - Lesser-Known Mortgage Types Explained

Lesser-Known Mortgage Types Explained

Posted: 25 Feb 2014 04:00 AM PST

So, you’re looking for a mortgage and you’ve done your research. You know all about the pros and cons of the basic mortgage types – fixed rate, adjustable rate, VA loans and so on, but nothing seems to be right for you. Don’t worry, help is at hand – here, I reveal both the benefits and drawbacks of some of the lesser-known types of mortgages, which although not right for everyone, may be the right option for you.

1. Balloon Mortgages

A balloon mortgage is a short-term home loan which … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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