There are very few people in the world today that will have the ready cash to purchase a property. Although there is no ready liquid, cash, people still enjoy the thought of owning their own home. The only way to live this dream is to take a mortgage. In a mortgage arrangement, there is a borrower and a lender. The borrower is the person who intends to buy a house and the lender is the person, usually a moral person that has the needed funds required to make the…

If you are making a plan for a home buying, one of the main things that you would need to make is choosing what kind of mortgage would best match with your requirements. In current’s market, the mortgages types available to you can be separated into two categories, fixed and adjustable interest rate mortgages.

Before deciding the pitfalls and benefits of each mortgage, let us recap their main differences. A Self cert…