Second Mortgage vs. Home Equity Loan: Understanding the Differences
A home equity loan is a type of second mortgage, which is a loan that's secured by the underlying property.
January 13, 2025 11 min read
A home equity loan is a type of second mortgage, which is a loan that's secured by the underlying property.
A mortgage escrow is an account set up by your lender to collect certain required homeownership expenses, such as property taxes and insurance premiums, to make sure they get paid and to simplify payment for the homeowner.
Homes in the United States have historically appreciated over time. This appreciation can help new homeowners build equity faster.
If you plan to put less than 20% down when you buy a home, the lender will probably require private mortgage insurance, or PMI. But what does it do and how much does it cost?
How much down payment do you need to buy a house? Learn tips to save smarter, explore low and zero-down options, and take steps toward homeownership today!
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The FHA flip rule is designed to protect buyers from predatory flipping. But, it can also prevent you from buying certain homes.
If you have a low to moderate household income and want to purchase a home,...
Maybe, in the excitement of closing on your new home, the numbers dissolved into a...
The average down payment isn't 20%. In fact, it's just 9% for first-time buyers. Here's how to reduce your down payment requirement when buying a home.
