Finance Charge

Finance Charge

life of the mortgage loan. Read more (cfpb.gov/askcfpb/1921) First-time home buyers (FTHB) loan programs First-time home buyers (FTHB) may use a number of different types of loan programs to Fannie Mae, and Freddie Mac with low down payments. Some programs define a FTHB as someone who hasn’t purchased a home in three years or more. Understand your loan options (cfpb.gov/owning-a-home/loan-options/#anchor_loan-type_361 de536a4b234). Fixed-rate mortgage the loan and it will not change during the term of the loan. Learn more about how fixed-rate mortgages work (cfpb.gov/askcfpb/100) and what to consider.