About Home Equity Loans
A home-equity loan, also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes.
Archive for January, 2011
About FHA Loans
The FHA was set up in 1934 after the Great Depression and is a division of the U.S. Department of Housing and Urban Development, or HUD. FHA-insured loans enjoyed decades of popularity, but then fell out of favor during the recent housing boom in part because lenders began to offer subprime loans that had artificially low initial interest rates and monthly payments