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What is negative equity? A guide to underwater mortgages
Bankrate via AOL· 4 months agoKey takeaways Negative equity occurs when your home's value sinks below the amount you owe on it...
FHA loans: Definition, requirements and limits
Bankrate via AOL· 3 weeks agoKey takeaways An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional loan....
VA loan down payment: Definition and requirements
Bankrate via AOL· 1 month agoPortions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our...
Ginnie Mae revises definition of high-balance loans in new guidance
HousingWire via Yahoo Finance· 5 months agoGovernment-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition...
BofA's test loan program isn't the only way to buy a house without a down payment — here's how
MoneyWise via Yahoo Finance· 2 years agoThe biggest obstacle for many first-time homebuyers is coming up with the cash for a down payment....
What Is a Piggyback Loan? What To Know If You’re Looking For a Mortgage
GOBankingRates via Yahoo Finance· 4 months agoIf you're considering buying a home and you already own one, a piggyback loan may be a viable...
What is collateral for a mortgage, and how does it work?
Bankrate via Yahoo Finance· 6 months agoKey takeaways Collateral is something that backs — or secures — a loan. It makes the loan less...
What is a savings and loan association (S&L)?
Bankrate via AOL· 1 month agoPortions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our...
Are installment loans secured or unsecured?
Bankrate via Yahoo Finance· 1 year agoInstallment loans can be either secured or unsecured. However, the loan type is dependent on a few factors, including the lender, the intended loan...
What is hypothecation?
Bankrate via Yahoo Finance· 2 months agoKey takeaways Hypothecation means offering an asset as collateral, or as backing for a loan.If you default on the loan, the lender can take the asset to...
