Tag: Mortgages
What is a Jumbo Loan?
Images by GetTyimages. Illustrations by Hunter Newton/Bankrate What is a Jumbo Loan? Jumbo Loan is a Types of mortgages This…
Piggyback Loan: What are they and how do they work?
What is a piggyback loan? Also known as 80/10/10 or combination mortgage, Piggyback Loans get two loans at once to…
Owner Funding: What is it and how it works
What is owner fundraising? Owner Financing – sometimes known as creative finance, seller Financing, or purchase money mortgage – is…
What is a re-emergency action?
lillisphotography/getty images What is a re-emergency action? The act of resurrection is a document that certifies that you have paid…
What is a step-by-step mortgage?
Gradual payment mortgages are relatively rare. These loans come with a fixed fee, but each month payments vary. By the…
What is your first home buyer tax credit?
Thomas Berwick/Getty Images The first home buyer tax credit was an Obama-era program that directly cuts taxes that would increase…