Inflation remains front and center on the minds of investors as last week’s inflation updates showed the rate of consumer price increases hit a multi-decade high in October. Concerns about sustained high inflation and a resulting back-up in interest rates knocked U.S. equities off a 5-week consecutive streak of gains.

Whether buying your first house, retirement residence or vacation property, your home mortgage loan terms significantly impact your monthly payments and financial outlook. Fortunately, financial institutions like First Merchants Bank offer several mortgage solutions to support every lifestyle and budget.

If you’re a new homebuyer and don’t know the first thing about securing a house mortgage, you likely have a long list of questions.

Is a mortgage right for you as a first-time homebuyer?

If new to exploring credit and loan options, you’re likely wondering if a home equity line of credit, or HELOC, is a good option for you.