What is another name for a home loan?
Home loans are also called mortgages and they can also be called home equity loans. ChaCha Rocks!
Answered
by Imelda S.
-
-
Will I get a home loan if my credit score is 613?
With a credit score of 613, you should get a 100% home loan f...
-
Can I get financed for a home loan after a bankruptcy?
You can get approved for a home loan after bankruptcy. The ba...
-
What bank will give a home loan even if you're not working?
No banks will give out loans without income of some sort, eit...
-
What was the aim of the federal home loan bank act?
President Hoover wanted to encourage home construction, reduc...
-
What is the interest percentage for a home loan for poor credit?
Interest rates are down in the low 5% range depending on your...
-
Can I get financed for a home loan after a bankruptcy?
You can get approved for a home loan after bankruptcy. The ba...
-
What was the aim of the federal home loan bank act?
President Hoover wanted to encourage home construction, reduc...
-
What credit score do I need to get a home loan?
A credit score of 620 is needed to obtain a home loan.
-
A mortgage payment on a $40,000 loan for 15 years at 7% would...
-
What are the interest rates for home loan for a credit score around 700?
Interest rates offered will vary widely by company. Average i...
-
Where is the best place to get a home loan?
LendingTree.com is a good place to start the mortgage hunt, I...
-
Did the Federal Home Loan bank act work?
The Act was to increase the supply of money available to loca...
-
Can I get financed for a home loan after a bankruptcy?
You can get approved for a home loan after bankruptcy. The ba...
-
How much is PMI insurance on 185,000 home loan at 4.75% interest?
If you put no money down on the house and you got a loan for ...
-
What is First United Home Loans?
First United Home Loans a leading loan origination, helping w...
-
What is the Federal Home Loan Management Company?
The Federal Home Loan Mortgage Corporation (FHLMC), also know...
-
What was the immediate purpose of the Home owners loan corporation?
The Home Owners' Loan Corporation (HOLC) was a New Deal agenc...
-
What was the purpose of the federal home loan bank act?
The intent of this system was to increase the supply of money...
-
What would the interest paid on a 58000 $. 3Year old home loan that's at 9.5%?
The interest paid on a $58,000 three year old home loan with ...
-
The RDA Residential Loan Program was established to improve t...
-
What is the Home Owners Loan Corporation?
Home Owners Loan Corp acquires defaulted loans from mortgage ...
-
What was the purpose of the federal home loan bank act?
The intent of this system was to increase the supply of money...
-
What was the immediate purpose of the Home owners loan corporation?
The Home Owners' Loan Corporation (HOLC) was a New Deal agenc...
-
When is mortgage insurance required on a traditional home loan?
Lenders require mortgage loan insurance when made to anyone t...
-
Where can I get a home loan with bad credit?
It's tough to get a home loan with bad credit now. Try www.di...
About Home Loan
A home loan is used to finance the purchase of a house or similar property. Large loans come in both fixed and variable rate types.
About Home Equity
Home equity is the financial value of a home, minus the amount that is owed for the mortgage. If the mortgage is entirely paid off, then the homeowner's home equity equals the entire market value of the home. If money is still owed on the mortgage, home equity is equal to the market value of the home minus the amount the homeowner still owes on their mortgage.
About Home Equity Loan
In a home equity loan, the borrower uses the equity in their home as collateral. It's used as a form of insurance for the lender.
Comments