First Time Homebuyers

Common Types of Mortgages

March 23, 2021

A mortgage is a loan from a credit union, bank or other lender that is secured by the home itself.  This means that if the borrower fails to pay back the loan according to its terms, the lender can recoup the money lent by taking possession of the home. Approximately 60% of all homeowners in … Continue reading Common Types of Mortgages