What Is A Mortgage?
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A mortgage is a loan used to purchase a home, where the property serves as the borrower’s collateral.
A line of credit is an arrangement where a bank offers a maximum loan amount that the borrower can draw upon at any time. The borrower – which can be an individual, business or government entity – has the flexibility to take out as much as they want, up to the maximum amount. Lines of credit have a couple of important advantages.
Learn more about this method of borrowing money against the value of your home.
For many people, a home is the most expensive purchase they’ll ever make. Naturally, getting the best rate on a mortgage loan is vital, as even a half-point rate reduction can mean thousands of dollars in your pocket.
Feel like you're drowning in debt? It may be because your loans have gone underwater.
Find out the meaning of this popular asset-backed security and its benefits for banks and investors.
If you are going to buy a home, the chances are good that you will need a mortgage. Find out more about this type of debt and how paying it off sooner can save you thousands.
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