What’s the difference between refinance and home equity loan?
Are you trying to understand the difference between refinancing and a home equity loan? If you are looking for cash for emergencies, house repairs, or for whatever reason you need…
Jumbo mortgage loan – How it works
Jumbo mortgage loan, what is it? How is it different from the usual conventional loan? A jumbo mortgage loan has higher limits and is more complicated to close than a…
FHA Loan
FHA is a low-down payment program when purchasing or refinancing a home. FHA LOAN REQUIREMENTS Minimum credit score of 580. This is for a mortgage with a 3.5 percent down payment.…
Conventional Loan
WHY CHOOSE A CONVENTIONAL LOAN? You can use a conventional loan to buy a primary residence, second home, or rental property Conventional loans are available in fixed rates, adjustable rates…
VA Loan
A VA loan home loan is only available to eligible veterans and active duty service members of the U.S. military. WHY CHOOSE A VA LOAN? No down payment required No…
Jumbo Loan
A jumbo loan is any loan that is above standard lending limits of FHA, VA, or conventional. Loans are offered from $424,000 or higher fixed or adjustable rate. JUMBO LOAN…
Reverse Mortgage
[:en]Home Equity Conversion Mortgage (HECM) Loans A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan. HECM loans have helped…
Foreign National And ITIN Loans
A MORTGAGE TO A NONRESIDENT IS CALLED A FOREIGN NATIONAL MORTGAGE LOAN. A FOREIGN NATIONAL WHO IS NOT A RESIDENT OF THE UNITED STATES WILL IN MANY CASES SEEK TO…
Hard Money Loan
HARD MONEY LOAN. A HARD MONEY LOAN IS A SPECIFIC TYPE OF ASSET-BASED LOAN FINANCING THROUGH WHICH A BORROWER RECEIVES FUNDS SECURED BY REAL PROPERTY. HOW HARD MONEY LOANS WORK…