Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about borrowing: | |||||||||||||||||||||||
Second Mortgage Versus 401K Loan
July 10, 2000 "I need $10,000 for a home improvement. I can either take out a home equity loan or I can borrow from my 401K retirement fund. Would the tax benefits on the home equity loan outweigh the advantage of ... more... Save With a Large Payment at Closing? March 10, 2003 "I read two books that suggested making a large payment on your mortgage the day you close. They said it saves you many months of payments and thousands in interest. They also said that the lender will try to discourage you and would ask why you just don?t reduce ... more... |
|||||||||||||||||||||||
borrowing related definitions |
|||||||||||||||||||||||
Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... Home Equity Loan Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... |
|||||||||||||||||||||||
More about borrowing UK Personal Loan Advice UK Loans: Borrowing the Right Kind of Money Secured Loans Overview Secured Business Loan Providing A Conducive Atmosphere For Business Growth 7 Ways To Get Financing For Your Home Business UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner Building Wealth When Refinancing Your Home Loan Home Equity Loan vs. 401(K) Loan -- Which Should You Choose Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious Signature Loans: A Signature Can Relieve Stress Of No Collateral And Bad Credit
|
|
||||||||||||||||||||||
|