The 3 Types Of Mortgage Loans3种贷款

Currently on the market, there are many varieties of mortgage loans available.目前市场上有许多品种的按揭贷款. Sometimes it can be difficult to tell which mortgage loan is suitable and applicable to you.有时候可以分辨其中抵押贷款是适宜的,适用于你.

I will discuss the 3 main types of mortgage loans on the market.我将讨论3大类的按揭贷款的市场前景. Most banks and lenders offer mortgage loans that belong to one of these categories.多数银行和贷款者提供抵押贷款,属于其中一类.

1.1. Fixed Mortgage Loan固定抵押贷款

Fixed mortgage loans are the most popular and common among the three types of mortgage loan.固定抵押贷款是最受欢迎和最常见的三种类型的抵押贷款.

You take out a mortgage loan with a lender and you pay a certain repayment amount for a fixed period of time.你进行抵押贷款的贷款人,你付出一定的还款金额有固定的期限时间. Most people usually choose 30 year fixed mortgage loans as the monthly repayment amounts are low and the interest rates usually evens out in a 30 year period.一般人通常选择30年期固定抵押贷款的每月还款金额低利率通常杯赛进行了30年之久.

One disadvantage of 30 year fixed mortgage loan is you have to repay more for your mortgage loan in total compared to someone who takes up a 15 or 5 year loan.弊病之一,30年期固定抵押贷款是要偿还更多你按揭贷款总额相对于有人占用了一个15年或5年的贷款.

There are also shorter time periods such as 5 year, 10 or 15 years fixed mortgage loans.还有更短的时间内,如5年,10年或15年固定抵押贷款的比例. It allows people who want to pay off their house in a shorter period of time.它允许那些想还清房子在较短的时间. Of course, you have to make sure you have the financial capability to repay higher monthly repayments.当然,你要相信你有能力偿还较高,每月还款.

There is also another sub-category of mortgage loan called adjustable rate mortgage loan or ARM.也有另一种亚类贷款称为可调整利率抵押贷款或手臂. Usually, you will start off with a lower interest rate compared to a 30 year fixed mortgage loan.通常,你将开始以较低的利率较30年期定息按揭贷款. So you ended up paying less each month for your mortgage repayment.所以你落得少付,每月的房贷还款.

However take note that ARM is highly fluctuating depending on interest rates.但是注意到,ARM的高度波动取决于利率. In other words, you pay less for monthly repayment when interest is low and pay more when interest rates is high.换句话说,你减少支付每月还款时,利息低,付出更多,当利率高.

2.2. Convertible Loans换股贷款

Convertible loans are becoming more popular as it allows people to keep their mortgage loan options open allowing for more flexibility.换股贷款越来越受欢迎,因为它允许人们保持其按揭贷款选择,让更多的灵活性.

If you find interest rates are too high, you can convert to a fixed rate mortgage loan.如果你觉得利率太高,你可以转换为固定利率抵押贷款. If interest rates are low, you can also convert to ARM based mortgage loans.如果利率低,你也可以改用ARM的按揭贷款.

There are too many varieties of convertible loans under this category.有太多的品种,换股贷款列入这一类. However I list one type of convertible loans I dealt with.不过,我的名单一类换股贷款我处理.

Balloon Loan气球贷款

A balloon loan is a fixed rate convertible loan.气球贷款是一种固定汇率兑换贷款. Usually, you start off by repaying small monthly repayments for a period of years, usually 5 or 7 years.通常,你一开始偿还每月小额贷款,为期三年,通常是5年或7年. At the end of that period, you will need to repay the loan in one lump sum.在这个时期结束时,你必须偿还贷款的一笔.

So what’s the advantage of a balloon loan?有什么好处气球贷款? It is mostly used by investors or property dealers who are looking to sell the house in a short period of time.这是最常用的投资者或地产商们都希望出售的房子,在短短时间. They can take advantage of low interest rates without locking their money on a house.他们可以利用低利率没有锁定自己的钱在一所房子. Since they will have a large sum of money when they sell the house, it will not be a problem to return the lump sum.因为他们将有大笔金钱时,他们卖了房子,这不会有问题退回一笔.

3.3. Special mortgage loans特别贷款

These are mortgage loans that are only being offered to a group of people.这些都是抵押贷款,只提供给一组人. For example the FHA mortgage loans are only available for first time home buyers or people with bad credit.比如fha抵押贷款是唯一可供首次置业者或有不良信用.

Another one is the veteran affairs mortgage loan.另一个是退伍军人事务的按揭贷款. They are only offered to widows of the US armed forces.他们只提供给遗孀的美军部队.

The best way to know whether you qualify or is suitable for a mortgage loan is to speak to a professional mortgage consultant before you decide to take up any mortgage offer最好的办法知道你是否符合资格,或者是适合的抵押贷款是就某个专业按揭顾问,在你决定采取任何抵押offer

Ricky Lim works in a finance company specialising in Home Refinancing Loans .ricky廉工程的财务公司,专家融资贷款. Visit his site for countrywide home loans rates and free home loan calculator访问他的网站为全国范围内的住房贷款利率和免费居所贷款计算器

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