mortgage: What mortgage is best for you? - 06/09/08 11:46 AM
The basic types are fixed and adjustable rate mortgages. Adjustables start out lower with a fixed rate and then after a set period of years readjusts, usually a lot higher. The following are a few of the more popular types.
30 year fixed-You will always know what your payment will be. It will never change. This is the preferred mortgage for most people. 15 year fixed- Offers a faster repayment though your mortgage payment will be higher than a 30 year. Interest expenses will be much lower. If you can afford it and plan in staying in your home a while … (0 comments)

 

Jim Ryan

Levittown, PA

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Ramagli GMAC

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