FHA Loan vs Conventional Mortgage

Comparison: FHA Loan vs Conventional Mortgage

  As we’ve discussed earlier, both Conventional Mortgages and FHA Loans help us buy a home through a loan. We make a down payment, and repay the loan principal, interest, etc through monthly payments. But what are the differences between them? The main difference is in terms of credit score and minimum down payment requirements. …

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FHA Loan vs Conventional Mortgage
Home Equity Loan vs Home Equity Line of Credit HELOC

Comparison: Home Equity Loan vs Home Equity Line of Credit HELOC

  We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan and home equity Line of Credit let you borrow against your home equity. Both could give you access to a large amount of …

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Home Equity Loan vs Home Equity Line of Credit HELOC
Home Equity Loan or Second Mortgage

What is a Home Equity Loan or a Second Mortgage?

  What is a Home Equity Loan? It is a loan where you borrow money using your home equity as collateral. It is also known as a second mortgage. How does a Home Equity Loan work? A home equity loan is like a regular loan, where you get all the loan money upfront. You repay …

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Home Equity Loan or Second Mortgage
FHA Loan - FHA Mortgage

What is an FHA Loan or FHA Mortgage (Federal Housing Administration Loan)?

  I recently heard about FHA Loans on TV. But what is an FHA loan anyway? FHA stands for Federal Housing Administration. An FHA loan is a mortgage issued by an FHA-approved lender. These loans are meant for borrowers with low-to-moderate income, and are insured by the FHA. What are the advantages of FHA Loans? …

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FHA Loan - FHA Mortgage
Credit Report

What is a Credit Report?

  What is a credit report? Credit bureaus like Equifax, Experian, and TransUnion collect information about your financial activity, employment history, etc. from banks, financial institutions and other sources, and create a report which is called a credit report. It is essentially a report card on how you manage your finances. What does a credit …

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Credit Report

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