What’s a Mortgage Principle?
A mortgage principle is the amount of money a person borrows to finance a home. It [...]
What is a Finance Charge?
A finance charge is your total cost of credit. It's the total interest calculated over the [...]
Is a Down Payment Mandatory for all Loans
No. If you, or the property you're considering renting or buying, meet specific criteria, you are [...]
Can you get an Income-Based Mortgage for a Low Income?
Yes. Federal loans for low-income citizens are available through the US Department of Housing and Urban [...]
What’s a Government Mortgage?
A government mortgage is one that's backed and subsidized by the government. Government-backed loans are insured [...]
How do you Calculate a Mortgage you can Afford?
Generally, you should be able to mortgage a home that costs between two and 2.5 times [...]
What is Mortgage Insurance?
Mortgage insurance is a type of insurance that protects lenders or investors in case you default [...]
What’s a Home Equity Line of Credit (HELOC)?
A home equity line of credit (HELOC) is a line of credit tied specifically to your [...]
Are a Mortgage and a Loan the Same Thing?
No. A mortgage is a specific type of loan tied to real estate or personal property. [...]
