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Home Owners Loan Corporation II - a Fable
4 July 2005 Author?s Note: Home Owners Loan Corporation II was established by the Congress on August 7, 2007. The following is a transcript of the chairman?s introductory comments at the first board meeting, held September 12, 2007. ?Before we begin our deliberations on how to ... 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... |
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home building house loans insurance loan construction interest related definitions |
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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... Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... |
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More about home building house loans insurance loan construction interest
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