General-purpose mortgage that have a repayment ages of step one so you can 5 decades. Zero documentation needs. Residential loan with a cost chronilogical age of step 1 so you’re able to 15 years. Papers is necessary.
A domestic mortgage can be utilized just for the acquisition otherwise construction out-of a primary household. The fresh new residence are going to be a property, condominium, offers in an effective cooperative homes corporation, a good townhouse, motorboat, mobile household, or recreational automobile, nonetheless it can be used as your no. 1 household.