Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
Participation loans involve more than one lender. These loans are popular because they allow borrowers to obtain large amounts of money. In these loans, different lenders come together to share the funding of the loan. These loans are used when …
Constructing or building a home is a more personalized experience than buying an already constructed one. However, just like buying a home, constructing one is also a big investment. Fortunately, construction loans help borrowers get funds to construct homes from …
Home equity has many advantages for homeowners; it gives the flexibility to borrow and meet various expenses when needed. A home equity line of credit (HELOC) differs from equity loans as it allows the homeowner to borrow lesser amounts only …
There are many financing options available for mortgages. One of these options is a balloon loan. When a person has a loan to repay, a balloon loan offers an easy way to pay off the amount quickly. Balloon loans are …
The U.S Department of Agriculture (USDA) provides loans to people who aren’t wealthy and can’t fulfill their dreams of having their own homes. Most of these people live in rural areas and aren’t eligible for conventional loans. USDA loans offer …
Loans are either backed by the government or private lenders. Loans offered by the government are easier to qualify for as compared to those offered by private lenders, such as conventional loans. These loans are available through government agencies such …