Testimonials

“As soon as I put down an offer for our new home, mortgage rates started sky rocketing. I saw that RateWinner, being a company with very nice reviews online, was very consistent Read full testimonial…

mortgage

Payment Calculator

This calculator helps you determine your monthly payments for a mortgage loan.




Buying a Home in Philly? Here are 5 Types of Mortgages to Consider

Mortgage Types

Even the most seasoned of property owners can find the process of buying a home to be extremely stressful, especially when it comes to deciding on the type of mortgage that will be the most suitable for them. If you’re in the process of buying a property, the five mortgages listed below are among the most popular options to consider.

Conventional Mortgages

Many property buyers choose to apply for these mortgages or home loans because they are one of the easiest to obtain. One of the main advantages they offer is the fact that they are fixed-rate loans, meaning that buyers are able to budget well in advance to cover the repayments. In many cases, it is possible to pay down extra towards the principal loan amount as well, thus shortening the repayment period. A minimum deposit of 5% of the cost of the loan will be needed to secure most conventional mortgages.

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Get a Mortgage Quote Now





Protected with 256 bit SSL

Call Us Today

888-262-0715

Talk to a mortgage expert now!

Chat with Us Online

Start Chat

Rate Watch

Get the latest rates emailed to you daily