Residential Mortgages
A loan used to purchase or refinance a home, secured by the residential property itself.
Common Uses
- Purchasing a primary residence
- Refinancing an existing home loan
- Accessing home equity
General Characteristics
- Long repayment terms, often 15 to 30 years
- Secured by the property
- Interest may be fixed or variable
Potential Provider Types
- Banks and credit unions
- Mortgage brokers
- Online lenders
Important Considerations
- Down payment and property appraisal requirements
- Closing costs and fees
- Rate type and term length affect total cost
This information is general and educational only. Eligibility, rates, fees, and terms vary by provider and are determined solely by the provider. Trio does not assess whether you personally qualify for any financing.
Related Financing Strategies
Structured strategies connected to this subcategory, with how it works, pros, cons, bookmarking, PDF export, and comparison.
Mortgage Assumption
Take over the seller's existing mortgage instead of getting a new one.
Private Mortgage
Mortgage financing from a private lender rather than a bank.
Agreement of Purchase & Sale with Financing Conditions
A purchase contract structured with financing conditions that protect the buyer.
Purchase + Refinance Strategy
Buy with short-term financing, then refinance into a long-term loan once stable.
Shared-Equity Arrangements
Co-own a property with an investor who shares in the equity and appreciation.
Trio Marketplace is not a financial institution, lender, mortgage brokerage or financial advisor. Trio does not provide, approve, arrange or guarantee financing. Financing products and services are provided by independent third-party providers. Eligibility, rates, fees, terms and approval decisions are determined by the applicable provider.