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Mortgage loan
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Mortgage loan
Financial literacy
Interest rate type
fixed-rate mortgage
adjustable-rate mortgage
/ variable-rate / floating rate
Repayment type
Continuous
:
Repayment mortgage
/ self-amortized
Repayment at term
:
interest-only mortgage
(
endowment mortgage
)
No repayment
:
reverse mortgage
Hybrid
:
balloon payment mortgage
equity release
(
shared appreciation mortgage
)
Variable payment
flexible mortgage
(
offset mortgage
, mortgage accelerator)
graduated payment mortgage loan
Other variations
buy to let
mortgage
foreign currency mortgage
foreign national mortgage
wraparound mortgage
Key concepts
Annual percentage rate
(APR)
Foreclosure
/
Repossession