There are a few different types of mortgages a financial advisor might recommend. One of the most common is a fixed-rate mortgage. This is a mortgage where the interest rate stays the same for the entire length of the loan. A variable-rate mortgage is a loan with a variable interest rate. This means the interest rate can change over time, which could make the repayments more expensive. A hybrid mortgage combines elements of both a fixed-rate and a variable-rate loan.

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