Understanding Loans


11 Results Found

  • Understanding Your Credit

    A mortgage is, quite simply, a specific loan for a specific purpose, and in this case, a mortgage is a loan one gets when buying a house, condo, or another type of real estate. As the buyer, you are a borrower, and the mortgage comes from the lender.

  • Rehabbing with a HUD 203(k) loan

    The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs. These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and have the buyer's credit approved. These lenders fund the mortgage loans which the Department insures. HUD does not make direct loans to help people buy homes.

  • Financing Your Property

    A mortgage is, quite simply, a specific loan for a specific purpose, and in this case, a mortgage is a loan one gets when buying a house, condo, or another type of real estate. As the buyer, you are a borrower, and the mortgage comes from the lender.