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Mortgage Professor about APR in Mortgage Loan: | |||||||||||||||||||||||
HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... The APR on a Cash-Out Refinance September 24, 2001 "I need $20,000 and am comparing a cash-out refinancing with a second mortgage loan. The cash-out refinance would be for $185,000 at 8%, with lender fees of $1850 and other settlement costs of $3150. My current mortgage is at 7.5%, has a ... more... |
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APR in Mortgage 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... 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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