Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about New Mortgage: | |||||||||||||||||||||||
Refinancing With Two Mortgages
September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300. The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more... What Goes Into the Mortgage Refinance Decision? November 4, 2002 "What is the best way to measure the costs and gains from refinancing so I can be sure I will come out ahead?" The method I prefer is to compare all costs of your current mortgage and a new mortgage over a future period. The period should be your ... more... |
|||||||||||||||||||||||
New Mortgage related definitions |
|||||||||||||||||||||||
Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Refinance Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... |
|||||||||||||||||||||||
More about New Mortgage Rebuilding After Katrina: Smart Energy Choices Set Aside Foreclosure and Decree and Motion for New Trial Tips On New York Mortgage Refinance Loan 3 Strategies For Buying Property With No Money Down Financial Rebirth Through Remortgage Mortgage Info You Can Actually Understand! Remortgage to Restart the Mortgage Cycle on Fresh Terms How to Buy a Home When Your in Your Twenties New York Refinance - Refinancing in New York A Singles Game of Real Estate
|
|
||||||||||||||||||||||
|