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Mortgage Professor about mortgage afford house fixed rate loan home equity: | ||||||||
How Much House Should You Buy?
16 August 2004 "My wife and I are arguing about whether to buy the $150,000 house we set out to buy, or the upgraded version for $185,000 that she fell in love with. She argues that we can afford the more expensive house with an ... more... Is There a Yield on a Shorter Mortgage Term? December 20, 1999 "Your recent column suggested that a larger down payment can be viewed as an investment yielding a return. This made me wonder whether you can view a shorter term mortgage in the same way?" Indeed ... more... |
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mortgage afford house fixed rate loan home equity 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... Home Equity Loan Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... |
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More about mortgage afford house fixed rate loan home equity
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