These include:• Fixed rate mortgages• 10/1 adjustable rate mortgages• 7/23 mortgages• 7/1 year adjustable rate mortgages• 7 year balloon mortgage• 5/25 mortgages• 5/5 and 5/1 year adjustable rate mortgages• 5 year balloon ... In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.
