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Mortgage Professor about Home Equity Line: | |||||||||||||||||||||||
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... Should Upfront Fees on a Reverse Mortgage Deter You? 7 March 2005 Reverse mortgages allow elderly homeowners to cash-out some or all of the equity in their houses while preserving the right to live there as long as they want. This occasionally creates an inter-generational difference of opinion, as illustrated by the following ... more... |
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Home Equity Line related definitions |
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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... 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... |
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More about Home Equity Line Types of Home Equity Loans A Quick Look at Home Equity Line of Credit 5 Tips for Savvy Use of Your Home Equity Line of Credit 5 Ways to Use Your Home Equity Line of Credit Why Every Homeowner Needs A Home Equity Line Of Credit Decision Time: Home Equity Loan or Home Equity Line of Credit? 10 Things to Look for in a Home-Equity Line of Credit Open the Cash Vault Inside Your Home Home Equity Line of Credit Loans Bad Credit? With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit
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