Loans – Fixed vs Floating Rate
Nowadays, the idea of issuing personal loans with a floating interest rate is being actively discussed. Let’s try to outline the main issues that a borrower should pay attention to if they sign a mortgage agreement using a floating interest rate. What types of interest rates can be used for mortgage loans? There are different…
Mortgages in the USA: Things You Need to Know
Reverse Mortgage (Home Equity Conversion Mortgage, HECM) is a non-performing loan secured by real estate, a mechanism to support retirees through the monetization of their homes. In the United States, mortgage insurance is provided by the Federal Housing Administration (FHA). The loan is issued by an FHA approved bank. Reverse mortgages allow seniors to obtain…