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Financing & mortgages

What types of mortgages are there?

The short answer

The main categories are fixed-rate loans (a steady payment for the life of the loan), adjustable-rate loans (a lower initial rate that can change), and government-backed programs designed for specific buyers. Terms commonly run 15 or 30 years. Ava, our financing expert, explains the trade-offs of each for your goals and time horizon.

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