Mortgage

Different types of mortgages in the United States

It is frequently seen that the two basic types of amortized loans used by the public are the Fixed Rate Mortgage ( FRM ) and the Adjustable Rate Mortgage ( ARM ). However, there are many others rarely used such as "assumed mortgage", "blanket loan", commercial loan", "deed of trust", "equity loan", "jumbo loan", and more.

• Different types of mortgages in the United States