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mortgage insurance - New York NY: Loans & Mortgages :: Refinancing :: Bad credit loans :: First time buyers home loans :: Advice on the best loan for you :: Mortgage advisor. Mortgage InsuranceWhat is a Home Equity Loan?How do I know which type of mortgage is best for me? Since some mortgage options are less conservative than others, it is important to determine if you are a “risk-taker” or if you prefer more stability in your financial dealings. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Think of it as a credit card that is secured by the equity in your home. Many homeowners use these credit lines for major items such as debt consolidation, travel expenses and home improvements.The company you make your payments to very rarely owns your loan. They are the servicer of your mortgage. They are called the servicer because they are simply servicing your loan for the institution that does own it. Learn more about negative amortization |