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Periodic Mortgage Refinancings: Who Gets Conned?
January 25, 2001 "I have a friend who refinances his home every three months. He has refinanced six times in the last two years. His mortgage broker buddy gives him a kickback of about $5,000 every time he refinances. He wants me to do the same deal ... more... Should I Purchase the House For All Cash? March 6, 2000 "My wife and I are both in our late 20s and would like to buy a home for $250,000. We have $500,000 in available assets, including cash, stock, and bonds, as well as $100,000 in retirement assets. We have no debt. We can afford to pay cash for the home. Should ... more... |
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house loan mortgage pay off debt home market 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... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... |
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More about house loan mortgage pay off debt home market
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