HUD began requiring new and improved Good Faith Estimate (GFE) forms on January 1, 2010. The agency estimates that the new form... Read More >>
If you're underwater on your mortgage or your credit is a little shaky, a HARP refinance could net you a better deal than... Read More >>
You're sick of seeing it in the news and on TV: "Mortgage rates are at all-time lows!" Whoopee, the best deal you've been...Read More >>
In the good ol' days, sellers could literally pay you to buy a home. But no more--after discovering that seller-provided... Read More >>
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Refinancing a mortgage is when a homeowner takes out a new mortgage to pay off an existing mortgage.
A home equity loan allows a homeowner to borrow money using their property as security.
Unsecured debt may be an expensive way to finance purchases--because the lender has no collateral, interest rates can be high, in some cases over 25%.
A second mortgage, by definition, is any loan that creates a second lien on a homeowner's property.
Home improvement loans can take several forms, each ideally suited to different borrowers' lifestyle and financial plans.
Adjustable rate mortgages (ARMs), move with prevailing financial market conditions, with interest rates that reset or "adjust" periodically over the life of the loan.
A new home loan is the first loan the buyer takes out to pay for a new property, not just the mortgage a first-time home buyer takes out.
A reverse mortgage (also called a home equity conversion mortgage) is an arrangement in which homeowners cash in their home equity and receive a lump sum or series of payments from the lender.
