Question

 What are points in a home loan?

Answer You pay points at the closing of your home loan to reduce the interest rate of the loan. Points cost 1 percent of the amount you are borrowing and generally reduce the interest rate by about a quar... Read More »
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Top Q&A For: What are points in a home loan

Can You Get a Home Equity Loan If You Have a USDA Home Loan?

The United States Department of Agriculture (USDA) has a Rural Development arm offering direct and guaranteed home loans. In each scenario, the USDA offers to assist homeowners with the expense of ... Read More »
http://www.ehow.com/about_7373592_can-loan-usda-home-loan_.html

Is a home equity loan considered a second home loan?

A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »
http://www.answerbag.com/q_view/1970989

If I Had a Foreclosure on a VA Loan 30 Years Ago That Wasn't Restored, Can I Get a Home Loan Now?

A VA home loan is a mortgage insured by the Department of Veteran's Affairs (VA). Guidelines for VA loans are altered on a continual basis for general qualifying purposes; however, the guidelines i... Read More »
http://www.ehow.com/facts_7340515_foreclosure-can-home-loan-now_.html

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »
http://www.ehow.com/about_7337035_home-loan-before-sell-house_.html


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