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Podcast: Sales Pitch
Episode: Listen to this Gen Z is ahead of their parents' generation, Millennials owning a home
Description: What type of home loan is best for you
There are several types of home loans available to borrowers, including:
Fixed-rate mortgage: This is a mortgage where the interest rate remains the same for the entire term of the loan, typically 15 or 30 years.
Adjustable-rate mortgage (ARM): With an ARM, the interest rate fluctuates based on market conditions, and the borrower's monthly payment can increase or decrease over time.
FHA loans: These are loans backed by the Federal Housing Administration and designed for borrowers with lower credit scores or less money for...