04 Aug MORTGAGE KEYNOTE SPEAKER AND FUTURIST: WHAT TYPES OF LOANS CAN YOU BORROW?
The world’s best-known mortgage keynote speakers and futurists are frequently tapped for live and virtual online speaking engagements. Booking them not only serves as a way to promote thought leadership and insight. It’s also a means through which to help educate and uplift consumers, especially in the banking, finance and lending spaces. Speaking of: Below, your favorite mortgage keynote speakers and futurists wanted to walk you through the most common types of loans you might encounter:
- Fixed-rate mortgage – Interest rate remains unchanged for the full loan term, typically 15 or 30 years. Provides consistent, predictable payments.
- Adjustable-rate mortgage (ARM) – Interest rate fluctuates over the loan term based on market conditions. Usually starts with a lower “teaser” rate.
- Jumbo mortgage – For loan amounts exceeding conforming loan limits, typically used in high cost housing markets for luxury homes according to top mortgage keynote speakers and consulting futurists.
- FHA mortgage – Government-backed mortgages that allow lower down payments and flexibility on credit scores. Require mortgage insurance.
- VA mortgage – Mortgages for military members and veterans guaranteed by the Department of Veterans Affairs with no down payment required.
- USDA mortgage – Special no down payment mortgages for low-income buyers in rural areas guaranteed by the Department of Agriculture, like mortgage keynote speakers and futurists observe.
- Balloon mortgage – Fixed interest and payment amounts for a set term, with a large final “balloon” payment to pay off the balance.
- Reverse mortgage – Allows seniors to access home equity as income. Repaid when they die, sell home, or move out.
- Interest-only mortgage – Only pay the interest on the loan for a set period before needing to start paying down principal too.
- Alternative mortgage – Non-traditional options like family mortgages, manual underwriting, for those who don’t qualify for standard mortgages.
Based on what we hear from mortgage keynote speakers and futurists, the type of mortgage determines eligibility, down payment, interest rate, term length and repayment structure.