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Can I Live Off My House?
November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
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mortgage term refinance loan property home equity rate 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 term refinance loan property home equity rate
Refinance Your House Home Refinancing Rates - When is It Worth It to Refi? When it Comes To Refinancing Your Home, a Refi is a Refi, Right? Exploring All of Your Loan Options Why Buy Property Overseas - A Case History Where Real Estate Investing and Speculation Collide Bad Credit Home Improvement Loans Refinance Your Home Equity Loan First Time Buyers Fail To Shop Around Home Mortgages: Should You Apply Now? Kings Bay Saint Marys & Kingsland Georgia - Affordable Home Mortgages
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