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Today, homebuyers need to secure financing before placing an offer on a home. This financing is typically provided by a bank and is classified as a home mortgage. There is an abundance of financing programs for home mortgages, each offer the homebuyer different loan terms, and interest rates, and has certain qualification requirements. The most popular of all home mortgages is the 30-year fixed loan as its interest rate remains unchanged throughout the term of the loan; providing the homeowner with a predictable monthly payment. Other home mortgages include adjustable rate mortgages, piggyback loans, balloon loans, and exotic loans.