Compass Mortgage®
Kinds of Mortgages
The folks at Compass will help you figure out which type of mortgage you need. There are two main mortgage options that you need to be familiar with:
- Fixed rate — You lock in at one rate and it stays the same for the entire length of the loan.
- Adjustable rate — Your rate changes periodically to reflect the changes in the Prime rate.
Mortgages are subject to approval, including credit approval.
