Mortgage Solutions for You
MoneyGeek can help you answer questions about mortgages with smart tools and independent information, including straightforward explanations, Q&A with experts and comparison calculators. Find quick summaries and in-depth information about loan programs such as FHA, VA, USDA and reverse mortgages. Access details about homeowners insurance and how to find the best insurance option for you, along with resources for homeowners and homebuyers.
Common Questions About Mortgage Loans
Whether you're looking to buy your first home or hoping to refinance for better rates on an existing loan, we've collected answers to your pressing questions about mortgages.
FHA Loans
FHA loans can help many people become first-time homeowners. These private loans are insured by the Federal Housing Administration (FHA) and offer flexibility like lower down payments and a minimum credit score of 500.
VA Mortgage Loans
VA loans help military members, veterans and surviving spouses buy or refinance homes. These loans offer flexibility, including 0% down payments and low-credit score requirements.
Refinancing
Refinancing your home loan may sound like a no-brainer when you can get a lower rate. Often it's a great opportunity to save but there's much more to refinancing than just interest rates. Learn more about:
Useful calculators: Refinance Calculator, FHA Refinance Calculator
HELOC Loans
A home equity line of credit (HELOC) lets you tap into your home's equity to borrow money for renovations, education, debt consolidation or other expenses. Before taking out a HELOC, you'll need to assess interest rates (which are often variable) and risks.
Reverse Mortgages
Reverse mortgages are available to seniors over the age of 62. These loans convert a home's equity into a lump sum of money, line of credit or fixed monthly payment. These loans can come with substantial risks as the amount owed increases over time. Weigh the pros and cons before considering a reverse mortgage.
Popular Mortgage Lender Reviews
Read reviews of popular lenders to find the best mortgage for your needs. Learn more about pros and cons, requirements, special programs and other helpful information to help you determine if a lender is the right match for you.