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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... What Is a HELOC? October 20, 2003 "I have been advised to refinance with a HELOC rather than with a standard mortgage. Could you explain the difference, and why one might be better than the other?" HELOC stands for home equity line of credit, or simply "home equity line." It ... more... |
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second home mortgage loan lender equity interest 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 second home mortgage loan lender equity interest
How do I know what is the best Second Mortgage Home Loan for me? Refinance Your Home Mortgage Online Get a Better Mortgage Refinance Deal than Your Local Bank Offers Adverse Credit Mortgage Loan - Persistence is the Key to Getting Approved What Length Mortgage Is Right For You? Using a Correspondent Lender for Your Mortgage Why Get Pre-Approved For A Mortgage? A Mortgage and Bank Trick You Should Avoid at All Costs Home Equity Loan A Reverse Mortgage Could Provide a Comfortable Retirement! Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
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