Wealth Building Home Loan program gives buyers an opportunity to pay off mortgage faster with less risk.
There are many home loan types available to home buyers. The most popular is the traditional 30 year fixed-rate mortgage. However, these loans, while usually offering some of the best rates to qualified buyers, require a down payment of 20%. There are other loan options with lower down payment qualifications. The ARM (Adjustable Rate Mortgage) is an option used by many who are looking to get into a home with a lower mortgage payment to start, but know that their interest rate (And loan payment) will eventually rise over time.