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Mortgage Professor about Project Management: | |||||||||||||||||||||||
Take Mortgage Advice From Planner?
November 19, 2001 "I am being pressed by my wife to refinance our current mortgage to consolidate some of our debts, based on the recommendation of a major lender who has prepared a detailed financial plan for us. The plan is attached. As you can see, we are in something of ... more... Mortgage Relief System: Does it Work? November 3, 2003, February 24, 2004 Postscript "I am enclosing a pamphlet I just paid $45 for called Mortgage Relief System. It promises that if I follow the scheme outlined, my mortgage will be paid down in a fraction of the time it would take ordinarily. The methodology ... more... |
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Project Management related definitions |
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Interim Financing
Interim Financing A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion. Interim loans are used to bridge the gap between the construction loan and the permanent loan (hence bridge loans) ... more... Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... |
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