What is a second mortgage? It's any loan secured by the value of your home, aside from the main loan used to buy the home itself. That one is called your primary mortgage; any other loans secured by your home are called second mortgages, no matter how many there are.
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Homeowners insurance isn’t as price-competitive as auto insurance, making it one of those things you have to buy — mortgage lenders require having homeowners insurance set up before a home loan is finalized so that their collateral is protected — but something that many people are likely to shop for once and then forget about it.
There are many different types of mortgage loans. Though many people simply think of a mortgage as the loan used to buy a home, in reality a mortgage is any type of loan that is secured by home equity.
One of the main concerns people have about home equity loans has to do with how they are affected by tax policy. Specifically, what are the rules when it comes taxation and taking a deduction for the home equity loan interest that you pay?
New mortgage rules meant to protect consumers from bad lending practices may have another impact - forcing home buyers to get their financial house in order.
This guide has been created to help individuals living with disabilities, and their family members, in the process of buying a home of their own. Here you can learn more about the five important steps in buying a home and about financial assistance programs that are available for you living with disabilities, who want to buy a home.
As the name implies, a “Green Mortgage” is an environmentally friendly type of home loan. But how do you make a mortgage environmentally friendly? Also known as Energy Efficient Mortgage Programs, Green Mortgages are a special type of loans that are designed to make your home more energy efficient while saving you money at the same time.
Purpose of this Guide
- Personal Finance 174
- Mortgage 378
- Home Purchase 174
- FHA Loans 50
- Home Equity Loans 37
- Bad Credit 38
- VA Loans 15
- Auto Loans 11
- HELOC 26
- Student Loans 13
- Jumbo Loans 7
- Mortgage fraud 8
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