Secured loans are backed by collateral, while unsecured loans aren’t. This presents different levels of risk for the lender, which results in different eligibility criteria and loan terms for you as the borrower. Generally, secured loans are easier to qualify […]
Secured vs. Unsecured Loans: What’s the Difference? Read More »
If you’ve ever taken out a mortgage, chances are Fannie Mae or Freddie Mac played a role—whether you realized it or not. They’re both government-sponsored enterprises (GSEs) that buy residential mortgages on the secondary market to hold or (more often)
Fannie Mae and Freddie Mac: An Overview Read More »
Home Equity Loans vs. HELOCs: What’s the Difference? A Home equity loan gives you a lump sum to pay back over a set period with fixed payments, while a HELOC works more like a credit card, allowing you to access funds
Home Equity Loan vs. HELOC: What’s the Difference? Read More »
