Given the vast array of mortgage loan options, it is important to understand how this information is organized. Loan features can be broken down into three essential components that structure a mortgage loan.

1. Loan type

2. Loan program

3. Documentation

Separately each component defines a different aspect of the loan. Together all three components address the unique needs of a given borrower in the form of a mortgage. We have provided further insight into the three components; please click on each component above to learn more.