What Are The Different Mortgage Types?
When we hear the word “mortgage,” many people think there’s just one, 30-year fixed rate type, but there are actually multiple types of mortgages and all options have both pros and cons. When it comes to property management in Chicago, it’s important to be aware of the mortgage options, so check out some of them below. Adjustable Rate Mortgage Also known as ARM, this mortgage idea is that interest rate changes over time throughout the life of a loan,...
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