Amortization schedules are available for both fixed and adjustable-rate mortgages and for many of the key loan terms including 10-year, 15-year, 20-year and 30-year loans.
Adjustable-rate mortgages offer interest rates that change over the life of the loan and are a good choice for homeowners planning to relocate after three to five years.
If you feel that interest rates will go down or stay stable, this type of adjustable-rate loan might make good sense for you.
These are fixed mortgages for first-time buyers (an adjustable-rate version is also available in certain situations).
With an adjustable-rate mortgage (ARM), the monthly payments are fixed for a certain period of time.
Jumbo loans are available in fixed-rate, interest-only and adjustable-rate varieties.