Photo: Marco_Piunti / Getty Images If you're like most people, you'll need to take out a mortgage to buy a home. According to the U.S. Census Bureau, 94% of people who bought a home in 2021 purchased it with a mortgage . When you start shopping for a mortgage, it's easy to get overwhelmed. There are lots of different types of mortgages, each of which is better for some people than others. Here's how to tell which type of mortgage might be best for you. Key Takeaways Fixed-rate conventional