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Frequently Asked Questions
Learn the loan basics
What is a home loan?
Known as a mortgage, a home loan is a loan that is secured by property or real estate. In giving the loan, the lender is promised that the buyer will pay back the amount borrowed within a particular timeframe and owns the property until it is completely paid off.
What are different types of home loans?
Home loans can come in a few varieties, but the most common are a fixed-rate loan and an adjustable rate loan. Other types include an FHA loan, VA loan, USDA loan or a Bridge loan