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Mortgage Knowledge Base
 Loan Types
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Loan Types
Bridge Loan
Bridge loan is an effective vehicle which is used until the permanent financing is put in place. It is a financing secured by a borrowers current...
Car Loan
Car loan is a type of loan which is used to purchase a new or used car. It is also known as auto loans.
Features of Car loans are as following:...
Conforming Loan
Conforming loan is a loan which meets the rigid loan qualification guidelines of the lender and is intended for sale to Freddie Mac or Fannie...
Conventional Loan
Conventional Loan is a loan for which no guarantee or insurance is given by the government.
Facts about Conventional Loan:
Conventional loan...
Loans
Loan is money that is repaid with interest. It is a debt, which requires repayment of interest with principal to the loan lender. Loans must be...
Mobile Home Loan
A mobile or a manufactured home is a movable home built in a factory and then shifted to where it will be placed. Such a home is manufactured as...
Mortgage Loans
"I have a house of my own"
Have you ever noticed the expression on the person's face when they say the above line?
If yes, you would...
Non-Conforming Loan
Non conforming loan refers to that loan which does not meet the loan limits set by Fannie Mae (The Federal National Mortgage Association or FNMA)...
Unsecured Loans
Unsecured loans are the loans which are not secured against an asset and are therefore available as home owner loans or tenants loans. They are...
Workout Loan
Work out loan is a technically defaulted loan, under which the mortgagee is trying to help the mortgagor in restructuring the loan terms or time...
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