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Houston Mortgage > Glossary >
Real Estate > H 1-10
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Home Equity Loan
A loan made to a current homeowner that is secured by the equity in the home.
Homeowner's/Hazard Insurance
Homeowner's or Hazard Insurance is insurance required to protect the mortgage lender against possible damage to your home. It can also protect the borrower. A borrower must obtain this insurance and bring proof of its existence to the loan closing.
HUD
The U.S. Department of Housing and Urban Development
HUD Special Information Booklet
This is a booklet published by HUD that describes important terms and provides information about the home buying and mortgage loan process.
HUD-1
Also called a "Settlement Statement" of all costs and fees in your closing.
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Houston Home Mortgage