A mortgage loan, or simply a mortgage, is a type of loan to finance the purchase of a real estate property, such as a house in a residential mortgage. The property that the borrower purchased will serve as a collateral t... More »

www.reference.com Business & Finance Credit & Lending

Technically, an 80/20 mortgage loan is two loans. The first loan is for 80 percent of the mortgage, and the second loan is for the remaining 20 percent of the price of a home. An 80/20 mortgage loan can allow a home buye... More »

The most common types of mortgages include fixed-rate mortgage, adjustable-rate or ARM mortgages, FHA mortgages, VA loans and balloon mortgages, notes USA.gov. Each has its own unique benefits. More »

www.reference.com Business & Finance Credit & Lending

A mortgage is a type of loan used to purchase a home. It gives the bank the right to take the house in case the borrower defaults. More »

The exact formula for calculating mortgage payments depends on the type of loan. For a common fixed-interest mortgage, the standard formula is P = LoanAmt [i(1 + i)n]/[(1 + i)n - 1], where i is the monthly interest rate ... More »

www.reference.com Business & Finance Credit & Lending

Factors that influence a person's mortgage rate when buying a home include a credit score, home price, loan amount, loan term and type of interest rate, according to the U.S. Consumer Financial Protection Bureau. Economi... More »

To apply for a CrossCountry mortgage online, first provide loan information, including the purpose of the mortgage, the desired loan type and amount, the type of property, and the desired use of the property you wish to ... More »

www.reference.com Business & Finance Credit & Lending