Home inspection
Home inspection A home inspection is often part of the home buying process. You typically have the right to hire a home inspector to examine […]
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Home equity loan
Home equity loan A home equity loan (sometimes called a HEL) allows you to borrow money using the equity in your home as collateral. Equity […]
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Home equity line of credit (HELOC)
Home equity line of credit (HELOC) A home equity line of credit (HELOC) is a line of credit that allows you to borrow against your […]
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Home appraisal
Home appraisal An appraisal is a written document that shows an opinion of how much a property is worth. The appraisal gives you useful information […]
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Higher-priced mortgage loan
Higher-priced mortgage loan In general, a higher-priced mortgage loan is one with an annual percentage rate, or APR, higher than a benchmark rate called the […]
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Government recording charges
Government recording charges Government recording charges are fees assessed by state and local government agencies for legally recording your deed, mortgage and documents related to […]
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Good Faith Estimate
Good Faith Estimate A Good Faith Estimate (GFE) is a form that a lender must give you when you apply for a reverse mortgage. The […]
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Freddie Mac
Freddie Mac The Federal Home Loan Mortgage Corporation (Freddie Mac) is a private corporation founded by Congress. Its mission is to promote stability and affordability […]
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Foreclosure
Foreclosure Foreclosure is when the lender or servicer takes back property after the homeowner fails to make mortgage payments. In some states, the lender has […]
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