Equity Direct Funding discussed the different types of mortgages and which one is best for you. Equity Direct Funding is a mortgage firm in Las Vegas that helps homeowners get the mortgages they needs while educating them in the process. Whether you're looking for a 30 year fixed mortgage or a 15 year fixed rate mortgage. Equity Direct Funding can assist you.

1. Types of Mortgages

2. Fixed-Rate Mortgages You’ll hear a lot about ‘Fixed-Rate’ or ‘Adjustable-Rate’ loans and it’s important to understand the difference between the two Fixed-Rate loans are ‘stationary’—the rates don’t change throughout the entire term of the loan For more information, check out Equity Direct Funding

3. Adjustable-Rate Mortgages The next type of loan is an Adjustable-Rate Adjustable-Rate loans are those with rates that fluctuate depending upon a benchmark set

4. Reverse Mortgages In a reverse mortgage, a homeowner can actually sell part of his/her home as an investment to another party The homeowner lives in their home, but gets monthly payments When they sell the home or pass away, the loan is repaid

5. Special Situation Loans There are many types of loans in this category, including the following: Bridge Loans Balloon Loans 125% Loans Find more information here: Equity Direct Funding