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News about Mortgages:
Bank financing chosen over bond for school - Northern Virginia DailyFRONT ROYAL — The Warren County Board of Supervisors chose another way to fund renovations to the old Warren County High School. The board unanimously voted Tuesday to pursue bank financing instead of a bond from the Virginia Public Schools ...
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Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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