Home Purchase Mortgages
A home loan, also known as a mortgage, is a loan that is used to finance the purchase of a home. These loans are typically offered by banks, credit unions, and other financial institutions, and can be used to buy both existing and new homes. Continue Reading Below
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Encyclopedia Articles
Discover the definition of financial terms related to home purchase mortgages.
Non-Recourse Loan: How It Works vs. Recourse Debt
Andrew Latham
Deed of Trust: What It Is, How It Differs from a Mortgage, and How Foreclosure Works
Andrew Latham
What Is a Balloon Mortgage?
David Hodges
Fully Amortizing Payment: What It Is and Examples
SuperMoney Team
Real Estate Appraisal: How It Works, What It Costs, and What to Do If It Comes in Low
Andrew Latham
What is a 5/1 ARM? Pros and Cons Explained
Ossiana Tepfenhart
2/28 ARM: Definition, Risks, and Real-Life Scenarios
SuperMoney Team
What is an Adjustable-Rate Mortgage?
Andrew Latham
What Is Private Mortgage Insurance (PMI)?
Andrew Latham
Down Payment: What It Is, How Much You Need, and How to Save for One
Andrew Latham
Learn About Home Purchase Mortgages
Leaseback On a House: Pros & Cons Explained
Lacey Stark
ARMs Hit 11% of Mortgage Locks at 7.3% Rates. When a 7/1 Saves Money and When It Bites
SuperMoney Team
Adjustable-Rate Mortgages Are Back at 10.3% of Applications. Is a 6.43% ARM Worth the Risk Over a 7.40% Fixed Rate?
SuperMoney Team
How Much Equity Can I Have In My Home And Still File Chapter 13
Benjamin Locke
Home Equity Loan To Buy Land
Benjamin Locke
What Are Reverse Mortgage Requirements?
Benjamin Locke
What Is a Jumbo Loan? Definition, Limits, and How It Works
Andrew Latham
Jumbo Loan Requirements: Credit Score, Income, and Down Payment Rules
Andrew Latham
Jumbo Loan Documentation Checklist: Everything You Need to Get Approved
Andrew Latham
Jumbo Loans for Self-Employed: Bank Statement Programs
Andrew Latham
Jumbo Loan Alternatives: When You Don’t Qualify for a Jumbo Mortgage
Andrew Latham
How To Write a Mortgage Letter Of Explanation: Template Included
Emma Dillon
Bridge Loan vs Home Equity Loan: Which Makes More Sense?
Andrew Latham
Bridge Loan vs. HELOC: What’s the Difference?
Benjamin Locke
Cash-Out Refinance vs Bridge Loan: Which Works Best When Buying Your Next Home?
Andrew Latham
Bridge Loan Interest Rates and Fees Explained
Andrew Latham