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Mortgage Professor about home appreciation: | ||||||||
Piggyback Loans: Two Mortgages Cost Less Than One?
August 7, 2000 ?I can?t afford to put 20% down. My broker says it will cost less to take out a combination first and second mortgage, where the second would provide another 10% down, than to put 10% down on a first mortgage and ... more... Why a Reverse Mortgage Leaves Money Behind December 1, 2003 ?I was my aunt?s only relative, and when she died I was surprised to inherit a house worth $250,000, with reverse mortgage debt of only $90,000. I had encouraged her to exhaust the equity in her house, and she always told me that she was using it as fast as the ... more... |
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home appreciation related definitions |
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Equity
Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more... Equity Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more... |
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More about home appreciation
5 Steps to Successful Property Investment Real Estate Investing Financing Truths - Part 2 A Great Way to Advertise Before You Buy A House Top 10 Tips Shopping Home Equity Loan Rates Reasons to Refinance When Rates Are Moving Up Home Equity Can Create a Never-ending Money Cycle How to Buy a Home When Your in Your Twenties Getting Raw Land, Not a Raw Deal! The US Dollar Is Not Weak
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