Ready to buy a home but not even certain what type of mortgages or options there are? Honestly, you have more options than you think! Here are some mortgage options that can help land you in the home of your dreams.
What types of mortgages are there?
Taking the time to get educated can afford you a home that you’ll love and adore.
- Fixed-rate mortgage
- Standard Variable Rate
- Interest-Only Mortgage
- Tracker Mortgages
- Buy to Let Mortgages
When trying to decide what mortgage is best, do your research and figure out what you can afford. Then, once you’re educated you should be better suited to choose the mortgage and assess mortgage rates that will compliment you and your financial ability.
The infographic below gives you a better understanding of each type of mortgage to see which is the right one for you.