While Better currently only offers conventional loans, it’s still good to review all the options that might be available to you through different lenders and weigh the benefits and costs of each. The types of home loans you’re likely to encounter fall into two general categories: conventional mortgage loans and government-backed mortgage loans. Ultimately the type of home loan you choose will have a tremendous impact on your future mortgage payments and overall financial health. While all mortgages share the same purpose-funding the purchase of property-they each come with different advantages, disadvantages, and unique terms. But shopping for a mortgage is a lot like shopping for a home-there are different options that cater to different needs, and you’ll want to find the one that fits your financial priorities. If you're like most homebuyers, you’ll probably need a loan to fund the purchase of your home.
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