What are home loans?

Answer A home loan uses your house as collateral in case you default on the loan, which makes the loan less risky for the lender and results in a lower interest rate. Types of home loans include mortgages... Read More »

Top Q&A For: What are home loans

How many FHA home loans can you have?

From FHA Home Loan's website, a person can obtain an unlimited number of FHA home loans for refinancing a mortgage or purchasing a home. The restriction to this is not having more than one unpaid F... Read More »

What Is an APR on Home Loans?

The APR, or annual percentage rate, on a home loan is the numerical representation of the combined monthly interest rate and all of the fees associated with the loan. All lenders are required to us... Read More »

How to Compare the Best Home Loans?

When trying to procure a new home loan, a borrower can be inundated with a lot of information and no obvious way to make a decision. Through a review of the Good Faith Estimate and the Truth in Len... Read More »

How many home loans are there in America?

As of April 2010, the U.S. had approximately 50 million mortgages, according to Loan Safe. Statistics from an August 2009 Deutsche Bank estimated that nearly half of all existing home loans at the ... Read More »