Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about subprime refinance: | |||||||||||||||||||||||
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... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
|||||||||||||||||||||||
subprime refinance related definitions |
|||||||||||||||||||||||
Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... Origination Fee Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... |
|||||||||||||||||||||||
More about subprime refinance Refinance Online Subprime Hybrid Mortgages Credit Problems? With a Subprime Mortgage Lender, Poor Credit is Not a Problem Poor Credit Mortgage Refinance - Refinancing Your Home After Your Credit Score Has Dropped Mortgage Brokers For Home Loan Refinance - Refinance Online Should You Refinance Your Mortgage Using a Mortgage Broker? Bankruptcy and Buying a Home - 3 Benefits to Buying a Home After Bankruptcy Buying a House After Bankruptcy - Finding a Bad Credit Mortgage Bad Credit Home Financing - Buy a House Even With Poor Credit Refinance Mortgage Lenders Tips for Refinancing Online
|
|
||||||||||||||||||||||
|