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The Worst Mistake of Mortgage Borrowers
February 19, 2001 ?What?s the worst mistake mortgage borrowers make?? The worst mistake by far is making decisions based solely on the affordability of monthly payments, without considering ... more... Is This a Good Time For an HEL? 7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more... |
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principal mortgage bad credit loan 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... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
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More about principal mortgage bad credit loan
Bad Credit? First Time Buyer? You Can Still Get Approved For A Home Mortgage Loan 5 Steps to Getting on Top of your Mortgage Cash Out Refinance - Things to Know About Refinancing Your Mortgage To Get Cash Out Reverse Annuity Mortgage Tapping Into Your Equity Mortgage Refinancing - Does Size Matter After All? When Does it Pay-Off to Obtain a Home Mortgage? Interest Only Mortgage? Consider a Graduated Payment Mortgage When and How Does it Pay-Off to Obtain a Home Mortgage? Sorting through mortgage elimination programs Lower Mortgage Payments Increase Wealth
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