Plus, jumbo mortgage rates are often on par with conforming rates. Jumbo loan definition A jumbo loan, also known as a non-conforming loan, is a type of conventional mortgage. Jumbo loans surpass ...

An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a ...

"A borrower who originated a 5/1 adjustable-rate mortgage (ARM) coming up for adjustment is a good candidate to consider a ...

Both have unique features for homeowners now. Here's how to determine which is better for you going into 2025.

The CLTV differs from the simple loan-to-value (LTV) ratio in that the LTV only includes the first or primary mortgage in its calculation. CLTV ratio is the ratio of all loans on a property to the ...

The Federal Home Loan Bank System plays an important role in facilitating affordable housing initiatives by providing funds to financial institutions that dispense mortgage loans. The Federal Home ...

Reverse mortgages allow homeowners 62 and older to convert home equity into cash. The loan is repaid when the homeowner moves out or passes away. Interest accumulates, reducing home equity over time.