Main-stream loans вЂ” home mortgages apart from those insured or guaranteed in full by a national federal federal government agency including the FHA (Federal Housing Administration), the VA (Veterans management), or even the Rural developing Services (formerly referred to as Farmers Residence Administration or FmHA).
Escrow вЂ” The holding of cash or papers by a basic alternative party before closing in a house. It is also a free account held by the lending company (or servicer) into which a home owner pays cash for taxes and insurance.
Fixed-rate loans вЂ” Loans that generally speaking have payment terms of 15, 20, or 30 years. Lire la suite