Mortgage
Key takeaways Conforming loans are mortgages that meet the criteria set by the Federal Housing Finance Agency (FHFA). They’re eligible…
Key takeaways An adjustable-rate mortgage (ARM) is a mortgage with an initial fixed interest rate that resets at periodic intervals.…
Key takeaways VA loans offer many benefits such as no down payment/mortgage insurance, easier qualifications and lower interest rates. However,…
Key takeaways The Home Ownership and Equity Protection Act (HOEPA) is a federal law that aims to protect consumers from…
jessica.kirsh/Shutterstock Key takeaways The right of rescission allows homeowners to back out of certain refinance, home equity loan and HELOC…
Key takeaways A wraparound mortgage is a unique form of seller financing in which the seller keeps their mortgage and…
Key takeaways Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse mortgage falls…