HARP Mortgage Loan: All You Need To Know
For homeowners who are struggling to pay their home mortgages, help is out there. There are many programs available that can refinance their home loans to help reduce high payments. Homeowners with HARP mortgage loan from either Freddie Mac or Fannie Mae often qualify for a program called the Home ...
FHA Mortgage Loan
Not all will be eligible for an FHA mortgage loan - often referred to as a first-time home buyer's loan. For example, if one has bad credit, applications are likely to be denied. Ultimately there are a few requirements that will need to be met before this particular type of ...
VA Mortgage Loan: All You Want To Know
Owning a home is a dream of many. A home provides a roof for not only your family but also visitors. Home also provides a playing ground for your kids and other family members. The problem is that owning a home is not easy. You are required to save a ...
Balloon Mortgage Loan
A balloon mortgage is a specific type of loan that requires home buyers to make a large payment at the end of the term. Borrowers typically make temporary monthly payments years before the remaining balance on the loan is due. Once the end of the loan becomes due, it must ...
Adjustable Rate Mortgage Loan: A Complete Overview
An adjustable rate mortgage loan is a loan with an interest rate that is occasionally adjusted according to a financial index. Regardless of the lender, an adjustable rate mortgage loan will always have basic, common features. For example, there will be an initial interest rate at the beginning and an ...
