25 & 30 Year Amortization
Mortgage Insurers have launched 30year Amortization period mortgage. This will enable buyers to keep monthly costs affordable and increase housing choices available to them, even as interest rates and home prices rise. A longer Amortization period also allows homebuyers to qualify for a higher mortgage amount, thereby providing more choice in the type of home they purchase.
35 & 40 Year amoritizations are only available on conventional mortgages.