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What is a mortgage?
What is a mortgage? A mortgage is an agreement between you and a lender that gives the lender the right to take your property if […]
348 total views, 1 today
What is the difference between a fixed-rate and adjustable-rate mortgage (A...
What is the difference between a fixed-rate and adjustable-rate mortgage (ARM) loan? The difference between a fixed rate and an adjustable rate mortgage is that, […]
396 total views, 2 today
What is an option or payment-option ARM?
What is an option or payment-option ARM? An option or payment-option ARM is an adjustable rate mortgage with several possible payment choices. Some of the […]
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What is a second mortgage loan or “junior-lien”?
What is a second mortgage loan or “junior-lien”? A second mortgage or junior-lien is a loan you take out using your house as collateral while […]
377 total views, 1 today
What is a home equity loan?
What is a home equity loan? A home equity loan (sometimes called a HEL) allows you to borrow money using the equity in your home […]
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My lender offered me a home equity line of credit (HELOC). What is a HELOC?...
My lender offered me a home equity line of credit (HELOC). What is a HELOC? A home equity line of credit (HELOC) is an “open-end” […]
366 total views, 0 today
What are some of the financial considerations when thinking about buying or...
What are some of the financial considerations when thinking about buying or renting a home? Buying a home and taking out a mortgage might make […]
322 total views, 1 today
What kind of down payment do I need? How does the amount of down payment I ...
What kind of down payment do I need? How does the amount of down payment I make affect the terms of my mortgage loan? There […]
370 total views, 0 today
What is private mortgage insurance?
What is private mortgage insurance? Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if […]
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Where can I get money for a down payment on a home mortgage?
Where can I get money for a down payment on a home mortgage? It depends on your situation. If you don’t have cash for a […]
332 total views, 2 today