Although the COVID-19 pandemic has impacted all industries, some of them such as retail, transportation, airlines, hotels have been particularly hit hard. Now that the industries are recovering amid the pandemic, the real estate market in the United States is also showing signs of recovery. As this sector is gradually gaining momentum, it's time for homebuyers to start searching for mortgage loans that are right for them so they can make a decision sooner rather than later.
Here are 5 main types of mortgage loans available today for homebuyers: Conventional mortgage, Jumbo mortgage, Govt insured mortgage, Adjustable-rate mortgage, Fixed-rate mortgage.
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