If you are planning to invest in a home, you must know about the various home loans options, processes and issues that could occur. Also, you would need to understand how to choose the right home loan for yourself so that you may have a great home buying experience. There are various types of home loans available. Firstly you need to evaluate which type of home loan would be more advantageous for you. You may choose from home equity loans, home purchase loans, home extension loans, home improvement loans, land purchase loans and mortgage loans.