Avoiding Pitfalls	Choosing A Community
Buyer's Agent	Closing Cost
Buyer Mistakes	Credit Rating
Buy or Sell First	Prequalify
The Right Mortgage	Buying & Selling Tips

Choosing the Right Mortgage Loan

Selecting the correct mortgage loan is not easy, as there is a wide selection of different mortgages available.

You should narrow the field by evaluating your personal circumstance and answering the following questions:

Do you prefer a fixed or fluctuating payment structure?

How quickly can you, or do you intend to pay off the mortgage loan?

How flexible are you with payments today, or in the future?

How long do you intend to live in the house?

Below is a list of some of the more common mortgage types.

Fixed-rate mortgages
15 year
20 year
30 year

Adjustable-rate mortgages (ARMs)
Cost of Funds-Indexed
CD - Indexed
Treasury- Indexed
Once only adjustable

Balloon mortgages
Government - Insured loans
Federal Housing Administration (FHA) loans
Department of Veterans Affairs (VA) loans
Rural Housing Service (RHS) loans