Post by bradangelinab on Jul 29, 2011 9:05:48 GMT -5
There are several types of mortgage (home-buying) loans offered by lending institutions today and it can be a bit daunting, especially if you've never purchased a house before. Other than choosing your property, the type of loan that you get is the most important decision involved in buying a home. A mortgage loan is merely the remaining balance of the property, minus the down payment, that you will borrow and repay.