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| Mortgage Professor about Second Mortgage Las Vegas: | |||||||||||||||||||||||
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Debt Consolidation With a Second Mortgage
November 6, 1999, Revised February 20, 2004, Revised November 30, 2004 "I have a bad credit card habit, with 7 cards and $30,000 in balances, at rates ranging from 10% to 19%. I have been offered a $35,000 second mortgage at ... more... Debt Consolidation With a Cash-Out Refinance August 21, 2000 ?I need $50,000 to refinance credit card debt. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home ... more... |
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Second Mortgage Las Vegas 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... Delinquency Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more... |
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