If and when you’re shopping for a home, odds are you may be shopping for a home loan as well. These days, loans are by no means a one-mortgage-fits-all model.
Where you live, how long you plan to stay put, and other variables can make certain home loans better suited to your circumstances than others. Getting all the information you can and choosing wisely could save you a bundle on your down payment, fees, and interest.
Realtor.com has put together a list of the 6 most common loans used and an explanation to help clear up some basic questions.