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
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
Land Lease Homes vs Renting: Which Option Is Better for Long-Term Living?
Andrew Latham
How Much Do Land Lease Homes Really Cost? Fees, Payments, and Long-Term Expenses
Andrew Latham
Pros and Cons of Land Lease Housing: Is It Worth the Trade-Off?
Andrew Latham
Tax Considerations for Leased Land Homes: What Homebuyers Should Know
Andrew Latham
Land Lease Homes vs Traditional Homeownership: Which Is Right for You?
Andrew Latham
Risks of Land Lease Homes: What Buyers Should Understand Before Signing
Andrew Latham
How Land Lease Agreements Work in Practice: What Buyers Need to Know
Andrew Latham
Land Lease Homes by State: Availability, Rules, and Typical Costs
Andrew Latham
How Financing a Land Lease Home Works: Mortgages, Loans, and Alternatives
Andrew Latham
Can You Get a Mortgage on a Land Lease Home? Loan Options Explained
Andrew Latham