Housing Opportunity Program
Understanding Today's Mortgages
Specialty Mortgages: What Are the Risks and Advantages?
In many housing markets, home prices have risen to very high levels, making it harder to afford a home, especially for first-time homebuyers. The traditional fixed-rate mortgage and standard adjustable-rate mortgage may not be the best options for everyone. A growing number of homebuyers are deciding to use several new types of specialty mortgages that let them "stretch" their income so they can qualify for a larger loan.
Produced jointly by NAR and the Center for Responsible Lending, this five-panel brochure is one more way you can help prospective buyers make an informed decision about the kind of home financing that is best for them. It will help your clients assess the risks and advantages of interest-only, negative amortization, payment option ARM, and 40-year mortgages. There's even a place for your business card!
Download Specialty Mortgages: What Are the Risks and Advantages? (PDF: 718KB)
Download the Spanish-language brochure (PDF: 750KB)
Download brochure text (PDF: 32KB)
Purchase English or Spanish brochures from the REALTOR.org Store
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