Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about secured mortgage: | |||||||||||||||||||||||
Can You Buy a House, Then "Reverse Mortgage" It?
October 4, 2004 "My wife and I are 64 years old and can qualify for a reverse mortgage on our current house, but we want to relocate first. Can we buy a new house with a "forward" mortgage, and then take out a reverse mortgage?" Yes, but you will ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
|||||||||||||||||||||||
secured mortgage related definitions |
|||||||||||||||||||||||
Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... 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... |
|||||||||||||||||||||||
More about secured mortgage A Secured Loan Could Save You Money Debt Consolidation with Mortgage Refinance Loans Guide Proven Alternatives To Filing Bankruptcy Exploring All of Your Loan Options How To Get Rid Of Debt Problems Step 2 -- How To Prepare A Financial Statement 10 Ways To Boost Your Credit Score Guide to Homeowner Loans 10 Steps To Successful Debt Consolidation A Look at Common Types of Loans
|
|
||||||||||||||||||||||
|