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2. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Home equity loan: A home equity loan is a lump-sum loan, usually with a fixed rate, fixed monthly payments and a term between five and 30 years. You’ll typically need at least 20 percent equity ...

3. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

4. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   A mortgage loan estimate spells out the estimated costs associated with obtaining a home loan, whether you’re buying a home or refinancing to a new loan. Here’s our breakdown of what exactly ...

5. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   Home equity loan or home equity line of credit (HELOC) – Both options allow you to borrow against the equity in your home — up to 80 or 85 percent, in most cases. With a home equity loan ...

6. FHA closing costs: What they are and how much you’ll pay - AOL

   www.aol.com/finance/fha-closing-costs-much-ll...

   Typically, a borrower can expect to pay between 3 percent and 6 percent of the home’s purchase price in closing costs. On a $400,000 home, for example, you’d need to budget $12,000 to $24,000 ...

7. Best FHA 203(k) rehab mortgage lenders in 2024 - AOL

   www.aol.com/finance/best-fha-203-k-rehab...

   This type of FHA loan keeps things simple with one mortgage, one set of closing costs and one monthly mortgage payment. Here is Bankrate’s guide to the best 203(k) rehab mortgage lenders in 2024.