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2. Mortgage lenders vs. banks: Which is best for you? - AOL

   www.aol.com/finance/mortgage-lenders-vs-banks...

   In contrast, mortgage lenders focus specifically on home loans for purchases and refinances; some also offer homeowners ways to borrow against their home’s worth, like home equity loans and home ...

3. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Reverse mortgages — Type of loan for homeowners ages 62 and older to borrow against their home equity, using their home as collateral — yet instead of you repaying the lender, the lender pays ...

4. Personal loan vs. home equity loan: Which should you use for ...

   www.aol.com/finance/personal-loan-vs-home-equity...

   Typical features. Personal loan. Home equity loan. Rates. 8% to 36%. Varies based on the prime rate. Loan amounts. $2,000 to $50,000. Up to 85% of your home’s value

5. Home equity loan vs. HELOC: Which is best for borrowing ...

   www.aol.com/finance/home-equity-loan-vs-heloc...

   This type of secured loan replaces your current mortgage with a new, bigger loan with new terms and a new mortgage rate. You’ll pocket the difference between the two loans as cash, repaying the ...

6. Home equity loan or HELOC vs. reverse mortgage: Which is ...

   www.aol.com/finance/home-equity-loan-heloc-vs...

   While each option includes closing costs, these charges for a home equity loan or HELOC can equate to 1 to 5 percent of the total loan. With a home equity conversion mortgage (HECM), a lender is ...

7. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.. In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.

8. Mortgage bank - Wikipedia

   en.wikipedia.org/wiki/Mortgage_bank

   A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the United States, a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.

9. Reverse Mortgage, Home Equity Loan or Refinance? The ... - AOL

   www.aol.com/finance/reverse-mortgage-home-equity...

   Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...