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
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.
Experts tell you to shop for mortgage rates. But it could put your homebuying at risk. How do you shop lenders when buying a house?
Thought you needed 20% down to buy a home? Or even 5%? How about 0%. Yes, these mortgages exist today.
Buying a home for the first time is an exciting milestone, but it can feel...
Mortgage points, also known as loan discount points, are fees you pay upfront to reduce...
Both FHA and conventional loans can help you buy a home. But which one is better for your situation?
