Securing a home financing can feel like navigating a complex maze, but it doesn’t have to be! Understanding the different kinds available is key to securing the best terms for your specific situation. This guide explores several key aspects to consider, including fixed versus changing percentage options, points, and the overall cost of borrowing.

Buying a home is an exciting milestone, but the costs can quickly add up. One expense that often catches buyers off guard is lender's mortgage insurance (LMI). This extra fee protects lenders in case you default on your loan. Fortunately, there are strategies to avoid LMI altogether and save yourselves in the long run. First, consider making