Types of Credit: Understanding Home Loans

Purchasing your first home is a major milestone, but it's also a very complicated process. In this course, we'll break home loans into simple, easy-to-understand steps. We'll define common home loan terms and go over the various types of loans available and their requirements. We'll also talk about interest rates, escrow payments, and what happens if you're unable to make a mortgage payment.

Keywords: financial literacy, finance, financial, types, credit, types of credit, HSI-ej4