The types of mortgage available are Fixed rate mortgage, Adjustable rate mortgage, Jumbo Loans, Specialized Loan Programs.

A fixed-rate mortgage has an interest rate that remains the same for the entire term of the loan, while an adjustable-rate mortgage (ARM) has an interest rate that can change periodically, usually based on market conditions.

Lenders typically consider factors such as credit score, income, employment history, debt-to-income ratio, and the value of the property being purchased.

Factors like credit score, economic indicators and loan to value ratio are the major indicators which affect the interest rates.

Yes, you can refinance your mortgage to obtain a lower interest rate, reduce your monthly payments, or change the term of the loan. It may be a good idea to refinance if interest rates have dropped since you took out your original loan or if your financial situation has improved.