Topic: Wamu Home Loans
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Answers to Common Questions
What is An FHA Home Loan?
A FHA home loan is a loan that is typically for first time buyers, however, more than first time home buyers may qualify for this type of loan. A FHA loan allows home purchasers to put down payments on a loan that are as low as 3.5%. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_an_fha_home_loan
What is a Home Equity Loan?
A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. Equity is the dollar amount a homeowner has already paid on the home, less the interest. The loan is based on the difference betw... Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_home_equity_loa...
What is a Home Improvement Loan?
A home improvement loan is a loan given by a bank to a homeowner using the homeowner's house as collateral. The funds from the loan are typically used to improve the home's value. Read More »
Source: http://answers.ask.com/Business/Other/what_is_a_home_improvement_...
More Common Questions
Answers to Other Common Questions
A conventional home loan is a loan to purchase a home that is not guaranteed or insured by the federal government. This type of lines follow certain guidelines of government sponsored entities such as Fannie Mae. . A conventional loan can b...
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Source: http://answers.ask.com/Business/Real_Estate/what_is_a_conventiona...
Home equity loans are loans taken out against the equity of a house. The equity of the house is used a collateral for the loan. This results in a second mortgage.
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Source: http://answers.ask.com/Business/Finance/what_are_home_equity_loan...
This is the perfect time to get a home loan. There are so many different options available and an 8000 tax credit. You will have to meet some income requirements and not have bad credit. Consult a mortgage company to find out specifics. Goo...
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Source: http://answers.ask.com/Business/Other/how_to_get_a_home_loan
You should consult an attorney if you want to sue Countrywide regarding home loans. Some attorneys may represent a class action party, but you can still sue on your own. An attorney would be able to provide legal guidance under the state la...
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Source: http://answers.ask.com/Business/Finance/how_to_sue_countrywide_ho...
The current interest rate on a 30 year fixed loan is 5.02%. A 15 year loan is at 4.40%. Rates have dropped from 4 to 5% in the past week.
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Source: http://answers.ask.com/Business/Finance/what_is_the_interest_rate...
There are many different types of home loans today. An interest only home loan is not a wise choice if you want to stay in your home. In this loan, you only pay interest on your loan amount. Nothing is being applied to the principal. Theref...
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Source: http://answers.ask.com/Business/Other/what_is_an_interest_only_ho...
Usually people take out a home loan and pay off the cost over 30 years. The interest rates for home loans are usually less than 6 percent interest depending on your credit.
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Source: http://answers.ask.com/Business/Other/how_do_home_loans_work
