Private mortgage insurance is an insurance policy used in conventional loans that protects lenders from the risk of default and foreclosure and allows buyers who cannot make a significant down payment.

What Is The Difference Between Fha And Conventional FHA Cash-out Refinance Mortgages Sometimes It Pays to Refinance. The FHA cash-out refinance option allows homeowners to pay off their existing mortgage, and create a larger home loan that provides them with extra cash.

What's the difference between a Loan Officer and a Mortgage Broker. – Either a mortgage broker or a loan officer may help you when you apply for a mortgage loan.

The Difference Between Mortgage Amortization and Term. – Mortgage term. mortgage term refersto the length of time you agree to pay back your amortized loan. It’s sort of like a short term contract you set with your lender, so your amortization might be 25 years, but your term can be anywhere from 1-7 years.