The Complete Guide to Mortgages: Types, Rates, and the Home-Buying Process
By Allen Krewzz
What a Mortgage Actually Is
The Main Mortgage Types
How Interest Rates Are Set
Even a difference of half a percentage point in your rate can change total interest paid over a 30-year loan by tens of thousands of dollars — shopping multiple lenders for the same loan type is one of the highest-value steps in the process.