mortgage

8 popular types of mortgages

Which mortgage is right for you?
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The mortgage world can be a confusing place. Every mortgage has variables that determine how much a borrower ends up paying, and technical jargon can make it tough to understand what you're getting into.

Most shoppers simply want a good deal on a loan. Making apples-to-apples comparisons can be difficult, but a little education can go a long way toward landing the right mortgage at a great price.

Bankrate offers many tools to help you find the best mortgage. You can search for top mortgage rates or use an online mortgage calculator to weigh options and compare costs. But before you begin, take a look at the different types of loans available today and who is most likely to benefit from using them.


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed
4.96%
5.03%
15 yr fixed
4.53%
4.56%
5/1 ARM
4.21%
4.19%
30 yr fixed refi
4.98%
5.05%
View rates in your area:
mortgage
Banks, like car dealers, try to trip up consumers with a well-practiced array of tricks.
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