Home Loans Hub Twitter Button from twitbuttons.com
 • Home Improvement Loans  • Home Equity Loans  • Home Loan Calculator  • First Time Home Loans
 Home  » Loan Options

Loan Options

Loan options refer to different types of loan programs. In the United States, there are various loan options available for the borrowers. After the recent housing market dilemma in the country, the lenders have become more stringent regarding their mortgage lending guidelines. This is due to the reason that banks and other financial institutions lent a huge amount of money liberally to borrowers who were incapable of paying off the loans on time and ended up losing their homes to foreclosure.

What are the loan options?

Given below are the different types of loan options:

Mortgage Refinance

Mortgage refinance is the procedure of taking a new loan with more affordable rates and terms to pay off the existing mortgage loan. Homebuyers often go for refinancing whenever they face difficulties to keep up with their monthly mortgage payments. The security or collateral for the new loan is the same which was used to secure the first loan.

Mortgage Home Loans

Mortgage home loans or mortgage loans or simply mortgage loans are loans that are used to finance purchasing of homes. The home that you buy works as a security or collateral against the loan you have taken out. In case of a payment default, the lender has the legitimate right to seize and sell off your home to recover their money. These are secured loans, mostly used for buying homes.

Mortgage Rates

Mortgage rates are interest rates payable for obtaining mortgage loans. There are basically two types of mortgage rates – adjustable and fixed. Adjustable rates vary according to a number of indices linked to the market rates. Fixed rate mortgages come with an interest rate that remains unchanged throughout the entire duration of the loan.

Home Equity Loans & Lines of Credit

A home equity loan is a type of loan where the borrower utilizes his home equity as a collateral.

Home equity lines of credit (HELOCs) are loans where the lender accepts to offer a particular amount of money for a certain period (known as a term), where the security or collateral is the home equity of the borrower.

The basic difference between a home equity line of credit and a home equity loan is that a home equity loan comes with a fixed interest rate and the home equity line of credit carries an adjustable interest rate and is a type of revolving credit.

What is home equity?

Home equity refers to the market value of the unencumbered interest in the borrower’s real estate, i.e., the variation between the fair market price of the home and the outstanding balance of the liens on the home. Home equity goes up when debtor is making payments for the loan balance and/or if the home value rises.

FHA Loans

FHA loans are types of federal assistance home loans that are backed by the Federal Housing Administration in the U.S. Federally eligible lenders might issue these loans.

Debt Consolidation Loans

A debt consolidation loan is a big loan which is taken out to pay off a number of smaller loans.

Reverse Mortgage

A reverse mortgage is a special type of mortgage loan which is offered to the seniors in the US. The home equity is allowed to be converted into cash flow.

Personal Loans

Personal loans or consumer credits are loans offered to finance personal needs such as buying a car, paying for college education, going for a holiday tour or home renovation.

Mortgage Loan Modification

Mortgage loan modification is a program where the terms and conditions of a loan are modified or relaxed to make it easy for the borrower to pay it off. Usually, interest rates are reduced or switched and loan terms are extended.





Loan Options

Mortgage Refinance

Mortgage Home Loans

Mortgage Rates

Home Equity Loans & Lines of Credit

FHA Loans

203k Loan

Debt Consolidation Loans

Reverse Mortgage

Personal Loans

Mortgage Loan Modification

Mortgage Calculator For Payments

Mortgage Calculator Loan Payment

Mortgage Calculator Payoff

Mortgage Prepayment Calculator

Mortgage Repayment Calculator

Mortgage Calculator Early Payoff

Mortgage Calculator Early Payment

Mortgage Calculator Monthly Payment

Extra Payment Mortgage Calculator

Types Of Mortgage Calculator

Biweekly Mortgage Calculator

Mortgage Finance Calculator

Commercial Mortgage Calculator

Excel Mortgage Calculator

Free Online Mortgage Calculator

Mortgage Calculator Monthly

Mortgage Calculator Affordability

Mortgage Calculator Amortization

Mortgage Calculator Borrowing

Mortgage Calculator Taxes

Mortgage Calculator Financial

Mortgage Insurance Calculator

Mortgage Refinance Calculator

Mortgage Calculator Online

Private Mortgage Insurance Calculator

Quick Mortgage Calculator

Mortgage Calculator Real Estate

Reverse Mortgage Calculator

Second Mortgage Calculator

Simple Mortgage Calculator

Mortgage Calculator Weekly

Mortgage Rate Calculator

Adjustable Rate Mortgage Calculator

Arm Mortgage Calculator

Bankrate Mortgage Calculator

Mortgage Loan Rate Calculator

Mortgage Calculator Rates

Mortgage Calculator Interest Only

Mortgage Interest Rate Calculator