Types of Home Loans: Which Option Works Best for You?
You need a home loan — more commonly known as a mortgage, but which type of loan is best for your financial situation? Make sure you understand the ins and outs of each home loan option before you launch into the search for your dream home.
Conventional Mortgages
Conventional loans are funded by private financial lenders. They’re the most common type of mortgage because they don’t have strict regulations on income or home type, and location. However, they do require stringent credit score and debt-to-income ratio numbers. Read more
