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Well heres the basics
Fixed rate and adjustable rate mortgages
Adjustable rate mortgages comes in a variety of flavors like pay option arms, interest only, or tied to an index (various indeces as well) If your thinking about a type of loan to get you have to evaluate how much cashflow is desired, how long you will hold the mortgage, comfort level with changes and terms of the note. Are you an investor or first time homebuyer. If you visit bank rate dot com I believe it will give you more specifics but their are lots of factors that affect the type of mortgage available.
We are a brokerage firm so we offer everything under the sun to include options for conventional and nonconventional loans if you want additional information you can email [email protected]
If I recall I believe this website discusses some of the differences amongst mortgages someone will point you in that direction.
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