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Mortgage loan
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Financial literacy
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| Interest rate type |
- fixed rate mortgage
- variable-rate mortgage / adjustable-rate / floating rate
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| 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)
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| Variable payment |
- flexible mortgage (offset mortgage, mortgage accelerator)
- graduated payment mortgage loan
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| Other variations |
- buy to let mortgage
- foreign currency mortgage
- foreign national mortgage
- wraparound mortgage
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| Key concepts |
- Annual Percentage Rate (APR)
- Foreclosure / Repossession
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