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Home Loan Application Center – Featured Posts
HELOC – Home Equity Line of Credit:
HELOC stands for "Home Equity Line of Credit". A HELOC is a special type of loan that allows you to tap into the equity you have built up in your home … [Read More...]
Understanding Closing Costs:
First-time home buyers are often shocked when they see the list of closing costs they must pay when purchasing a home. What are Closing Costs? Some … [Read More...]
Mortgage Discount Points:
If you've been shopping around for a mortgage you have undoubtedly heard the term "points" mentioned many times. But if you are like most people, you … [Read More...]
FHA Loans vs Conventional Loans:
Federal Housing Authority (FHA) loans and Conventional loans both refer to different types of home mortgage loans, with conventional loans … [Read More...]
Private Mortgage Insurance – PMI:
When Do You Need Private Mortgage Insurance? Private Mortgage Insurance (PMI) needs to be obtained from the lender in any case where the down payment … [Read More...]
Qualifying for a Mortgage:
Unless you have a few hundred thousand dollars burning a hole in your pocket, you’re going to have to take out a mortgage in order to buy a home. … [Read More...]
Home Loan Modification Programs:
Unfortunately, the majority of distressed homeowners do not qualify for Loan Modification Programs. Most struggling homeowners, as well as mortgage … [Read More...]
Balloon Mortgages:
What is a Balloon Mortgage? The mere mention of the words “balloon mortgage” is enough to make some people’s hair stand on edge. They have likely … [Read More...]