The idea of choosing a mortgage might seem overwhelming at first. There are so many different types of mortgages, how do you know what to pick? When considering a mortgage, it is important to understand the different types of mortgages that are available. Learn how to decide which mortgage is best for you by reading this informative article. Conventional Mortgages There are two types of conventional mortgages: conforming and non-conforming. Conforming loans are backed by Fannie Mae or Freddie Mac. They follow specific guidelines, like maximum loan amount and credit score. Non-conforming loans don’t meet these guidelines and are called jumbo loans. You’ll typically need a higher credit score and…