Type of mortgage loan

Jumbo Loans: These are for loan amounts that exceed the conforming loan limits set by the FHFA and typically have stricter qualifying criteria. Interest-Only Mortgages: The borrower makes only interest payments for a set initial period, after which payments cover both principal and interest. Reverse Mortgages: Available to older homeowners, these allow you to borrow money against your home equity without making monthly repayments. The loan is typically repaid when the owner dies, sells the home, or permanently moves out. To explore your options, you can check mortgage rates and find a suitable lender through financial institutions like banks, credit unions, or online