When you start thinking about buying a house, if you are anything like the vast majority of buyers, you will also have to think about mortgages. This is why it is very important to look at all the available kinds of mortgages before deciding on which one is right for you. There are various factors which you should consider when looking at mortgages, as the combination of these factors that you settle on will pretty much dictate your finances for the duration of the payback period. Mortgages vary hugely in their combination of factors – the kind and level of interest pay and the payback period are the things that you most need to look at. It is also important to find out who will lend you how much. Mortgages will be lent out to cover various percentages of the value of the property and this will have an affect both on the amount that you put up in deposit and how much you will have to pay back.