Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about mortgage loan land home equity seller reader bankruptcy: | ||||||||
Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this?? Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more... What Is a Wrap-Around Mortgage? October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, S, who has a $70,000 mortgage on his home, sells his home to B for $100,000. B ... more... |
||||||||
mortgage loan land home equity seller reader bankruptcy related definitions |
||||||||
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... |
||||||||
More about mortgage loan land home equity seller reader bankruptcy
Getting Raw Land, Not a Raw Deal! When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate The Red Flags of Getting a Home Loan Postcards Picture Perfect Promotion Bankruptcy, Is It A Way Out Set Aside Foreclosure and Decree and Motion for New Trial How to Achieve Financial Freedom with Your Home Life After Debt Strategies for Dealing with Problem Debt 15 Tips To Help You Buy Your Home Buying Country Acreage and Rural Properties, To Buy or Not To Buy Real Estate Professional in the Palm of Your Hand
|
|
|||||||
|