Who decides what type of mortgage a property can be purchased with?

i think that depends on you what type of mortgage you want to purchase your property with.

Yes Of course that is true, but is there any community or anything else for this particular task....................

Thanks for the information..

I regard to this problem, too. Thanks so much for your info.

There are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage. All of these may be subject to local regulation and legal requirements.

* Interest: interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also, of course, be higher or lower.
* Term: mortgage loans generally have a maximum term, that is, the number of years after which an amortizing loan will be repaid. Some mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date, or even negative amortization.
* Payment amount and frequency: the amount paid per period and the frequency of payments; in some cases, the amount paid per period may change or the borrower may have the option to increase or decrease the amount paid.

Hello Eugine,

Nice for this great information that you have provided in this forum..

Thanks.

Do you mean fixed rate or changed rate mortgage.