5 Most Common Loan Types Listed below are the 5 most common loan types that are used to finance properties in the greater Boise area and surrounding communities of Eagle, Meridian, Nampa, and Caldwell to name a few. Conventional – A conventional loan is a mortgage loan that is not insured or guaranteed by a [...]
Adjustable-Rate Mortgage (ARM) – A loan with an interest rate that remains fixed for a period of time and then adjusts with market conditions on pre-determined dates. Amortization — The way in which a loan is repaid in installments of principal and interest, according to a regular schedule, over the life of the loan. Appraisal—A [...]
