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
Industry Studies
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