VA loans have very low interest rates in comparison to FHA loans which are normally flexible interest rate loans. While no mortgage insurance is required in VA loans, 1.75% upfront MIP is required in FHA loans.
The biggest difference between a fixed-rate mortgage and an ARM is the variability of the interest rate: With a fixed-rate mortgage, the rate stays constant for the entire loan term, while an ARM rate changes over time. If your rate goes up, your monthly payment will also increase, and ...
What Credit Score Do I Need for an FHA Loan? Buying How to Pay Off Debt Fast With a Low Income How much home can you afford? At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes, with no impact to your credit score. Zillow Home Loans, NMLS # 10287. Equal Ho...
A home equity loan can be considered a type of second mortgage. However, you can take one out whether or not you still have a first mortgage on the home, as long as you have sufficient equity in your home to borrow against. What Is the Difference Between a Home Equity Loan and a Hom...