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News about Mortgages:

Local farmers can get low-interest loans due to storm damage - Adirondack Daily Enterprise
Twelve upstate counties, including Essex and Clinton, have been designated as disaster areas by the federal Department of Agriculture, qualifying farmers in them for low-interest loans, according to a press release from U.S. Sen. Chuck Schumer. The ...

Orange County is eligible for USDA federal disaster aid - Mid-Hudson News Network
WASHINGTON - The U.S. Department of Agriculture has designated Orange County as a Secretarial disaster area – one approved by the Secretary of Agriculture – due to multiple disasters that occurred in 2008. All counties will now be eligible for ...

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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