Mortgage lenders are offering creative loans to help people afford their first homes or trade up to larger homes that fit their changing needs. Each of these mortgages has advantages and disadvantages and is suitable for different types of borrowers. Here are brief explanations of four newer options.

There's no one-size-fits-all home loan. In fact, there are more mortgage options available to homebuyers today than ever before. The key to finding the right loan is to understand the options available and look for one that best fits your specific short and long-term financial needs. Read on for details of the basics to help you make the right choice.

If you are buying a home, it may be the largest purchase you make during your lifetime. You want everything to run smoothly from finding the right house, to having your mortgage approved. You may discover that there is a lot of terminology to learn when it comes to mortgages. Click "Full Article" for a glossary of some of the words you may encounter.