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Family under the foreclosure gun - Recorder Community NewspapersMENDHAM – Valerie and Gary Sylvester and their five children don’t want to become another casualty in the subprime mortgage scandal that has been the focus of worldwide economic blues. But unless the Sylvesters get some last-minute help, they ...
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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