Mortgage FAQ

Home Refinance Frequently Asked Questions (FAQs)

What exactly is mortgage refinancing?
Mortgage refinancing refers to the change of your current mortgage or house loan over to a different mortgage with a new interest rate.People usually refinance their homes in order to pay a lower interest rate... click for more !

Home Equity Loans Frequently Asked Questions (FAQs)

What exactly is a home equity loan?
A home equity loan is a line of credit that uses your home as it's collateral. Collateral is an asset that works as a guarantee of repayment of the loan. If the loan cannot be repaved, the collateral (in this case your home) will be taken in exchange... click for more !

Debt Consolidation Frequently Asked Questions (FAQs)

What exactly is debt consolidation?
Debt consolidation is simply taking out one loan to pay off lots of other loans that usually have higher interest rates. Typically debt consolidation loans are a secured loan, meaning an asset from the borrower is held by the lender as collateral... click for more !

Home Purchase Frequently Asked Questions (FAQs)

What is a home mortgage?
A mortgage is loan that is obtained for the purchase of real estate. The actual term mortgage means a lien or legal claim on the home or property which is the security on the debt... click for more !