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Tag: Mortgages
Underwater mortgage: What to do
What is an underwater mortgage? "Being underwater or upside down on a home, car or other property means you're in…
First Home Buyer Guide | Bank Rates
What is a first-time home buyer? a First-time home buyer You may be someone who has never owned a home…
What is a reverse mortgage?
What is a reverse mortgage? A reverse mortgage is a type of loan that pays current mortgages for homeowners over…
What is a certificate of funds?
SDI Productions/Getty Images If you are planning to buy a home, you should provide documentation that validates your income and…
What are mortgage reserves?
Images by GetTyimages. Illustrations by Jessa Lyn Lizama/Bankrate What are mortgage reserves? Mortgage reserves refer to other assets that can…
What is the HELOC draw period? How does it work?
Home Equity Credit Line (HELOC) is a fundraising tool that converts capital in your home into spendable funds. It works…