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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· 1 week 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· 3 weeks 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· 5 months agoKey takeaways Collateral is something that backs — or secures — a loan. It makes the loan less...
With interest rates on the rise, what exactly is the prime rate?
MoneyWise via Yahoo Finance· 2 years agoThe prime rate is the best interest rate major banks offer to their borrowers with the best credit....
Are installment loans secured or unsecured?
Bankrate via Yahoo Finance· 12 months 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...
