Homeowner Education

The latest news, tips, and tricks for homeowners

Wraparound mortgage

Wraparound Mortgage A Wraparound Mortgage is a form of seller financing in which the seller extends a new loan to the buyer that ā€œwraps aroundā€

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Variable-rate loan

Variable-Rate Loan A Variable-Rate Loan is a financing arrangement in which the interest rate applied to the outstanding balance can change over time based on

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VA Loan

VA Loan A VA Loan is a mortgage program designed to help eligible military service members, veterans, and certain surviving spouses purchase, refinance, or retain

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Variable Rate

Variable Rate A Variable Rate is a pricing or interest structure that can change over time in response to an underlying benchmark, index, or market

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Unsecured Debt

Unsecured Debt Unsecured Debt refers to a financial obligation that is not backed by collateral such as real property, vehicles, or other tangible assets. The

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Unclassified Loan

Unclassified Loan An Unclassified Loan is a lending term used to describe a loan that has not been formally assigned to a specific risk category

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USDA

USDA USDA refers to a federal lending and development framework administered through programs designed to support housing access, community development, and economic stability in eligible

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Truth in Lending Act

Truth in Lending Act The Truth in Lending Act is a federal consumer protection law designed to promote transparency and fairness in lending by requiring

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