Graduated Payment Loans
Home mortgage loan rates on these types of loans are tricky. Home mortgage loan rates are important in these loans because the home mortgage loan rates that are charged on the loan is added back to the payment, which is why the payments on these loans increase. Home mortgage loan rates play an important home mortgage loan rate part in these loans.

As the name states, payments in these types of loans increase as the term increases. They reach a maximum increase amount (as stated in the mortgage contract) and then stop. The reason why the payments increase is because unpaid interest is added back to the payment.

Investor Loans
Home mortgage loan rates on these loans are somewhat relevant, since the return interest for the purchaser will probably be a lot higher. Home mortgage loan rates are irrelevant, since investors think of a home as an investment.

Investor loans are for those people who are simply purchasing a loan as an investment, rather than for living. The home must not be owner-occupied, and most of the time, down payments on these types of loans are costly.

FHA’s Creation
About the FHA
Mortgage Types
Buy Downs
FMHA Loans
FHA Loans
FHA Loans, Con’t
Graduated Payment
Rent to Buy
Shared Equity
VA Loans
Prepayment Penalty
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Reference text: Mortgage Loans: What’s Right for You?, by James E. Bridges with Deborah J. Bridges. Copyright 1989, Published by Betterway Publications, Inc., Crozet, VA