– Refinancing: 3 Common Types of Refinanced Mortgages by Amy Lillard Whether you are looking to lower your monthly payments and interest, draw on equity in your home, or build equity faster, refinancing your mortgage may give the flexibility and extra cash you’re looking for.
Types of Home Loans: FHA, VA, USDA.OMG! – Common mortgage loan types. conventional mortgage. This is the most commonly used type and usually has the best rates. You’ll typically need at least 10% for a down payment and good credit.
Mortgage Loan Types – Home Buying/Selling – Hybrid Types of Mortgage Loans option arm mortgage types option ARM loans are complicated. They are adjustable-rate mortgages, meaning the interest rate fluctuates periodically. Combo/Piggyback Mortgage Loan Types This type of mortgage financing consists of two loans: a first mortgage and a second.