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Mortgage bankers: Who they are and what they do in home lending
Bankrate via AOL· 4 months agoKey takeaways A mortgage banker represents a lending institution that helps homebuyers explore their...
What is negative equity? A guide to underwater mortgages
Bankrate via AOL· 5 months agoKey takeaways Negative equity occurs when your home's value sinks below the amount you owe on it...
Bank of America is testing no-down-payment mortgages for minority communities — here's how to still...
MoneyWise via Yahoo Finance· 2 years agoThe biggest obstacle for many first-time homebuyers is coming up with the cash for a down payment....
Are homeowners using their home equity to pay for home improvements? Do they even know they can?
Stacker via AOL· 1 month agoZivica Kerkez // Shutterstock Almost one-half of all mortgaged residential property owners were...
FHA loans: Definition, requirements and limits
Bankrate via AOL· 2 months 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....
6 Terrible Mistakes To Avoid When Paying Off Your Mortgage Faster
GOBankingRates via Yahoo Finance· 1 year agoOn the face of it, paying off your mortgage faster sounds like a great idea. You can shorten the...
What is a mortgagee clause?
Bankrate via Yahoo Finance· 3 months agoKey takeaways Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision...
What is hypothecation?
Bankrate via AOL· 3 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...
HFA loans: Everything you need to know
Bankrate via Yahoo Finance· 2 months agoKey takeaways HFA loans are mortgages available solely through state housing finance agencies. Geared toward first-time and low- to moderate-income...
What Is a Piggyback Loan? What To Know If You’re Looking For a Mortgage
GoBankingRates via AOL· 5 months agoIf you're considering buying a home and you already own one, a piggyback loan may be a viable...
