Page 4 - Law Block Chapter 25 PowerPoint: Foreclosure Law and Eviction Law
P. 4

1| Overview of Foreclosure:

                              Mortgage Types and Terms

















                                                                     Types of Mortgages


                                                                                 Fixed rate mortgages

                                                                                 Adjustable rate mortgages

                                                                                 (ARMs)

                                                                                 Balloon mortgages

                                                                                 FHA loans

                                                                                 2 nd  mortgages & HELOCs

                                                                     Acceleration clause















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