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Debt Consolidation With a Cash-Out Refinance
August 21, 2000 ?I need $50,000 to refinance credit card debt. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home ... more... 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... |
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mortgage interest rates debt loan house amount 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... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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More about mortgage interest rates debt loan house amount home equity
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