Let’s talk mortgages. Today’s homebuyers have varied financial dynamics, and the lending industry (and the government) has responded by developing a full suite of various mortgage types to meet the different demands. From subsidies to loan terms, down payments to closing costs, and every option in between, today’s mortgages could present in a host of different ways. To help you understand the core elements of each unique mortgage type, this is the ultimate guide for the eight most common. Here is a breakdown of each mortgage type, along with some of the general requirements and how they’re intended to help certain homebuyers.