To quote a mortgage broker: "There is a different loan for a different need." In other words, the type of mortgage you get depends on your individual situation. A good lender will get a sense of your needs from your credit report, your assets, and your employment history. He can then recommend some options for you. Here's a rundown on the most common loan types. Fixed-Rate Mortgage Interest is fixed for an amount of time; e.g., 10, 15, 20, 30, or even 40 or 50 years, at which