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Money is here for banks to lend, but where are borrowers? - MLive.comBanks took another hit last week when GMAC began lending money to General Motors' car buyers within hours after getting a federal bailout. Why can't banks pump up lending as quickly as GMAC has, a Detroit editorial demanded to know. The public and ...
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Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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