Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about buying second home and retirement: | |||||||||||||||||||||||
Cash-out Mortgage Refinance or Home Equity Loan?
Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. 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 equity loan.? ... more... 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... |
|||||||||||||||||||||||
buying second home and retirement related definitions |
|||||||||||||||||||||||
Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more... Vacation Home Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more... |
|||||||||||||||||||||||
More about buying second home and retirement The Residential Real Estate Buying Process in Austin Texas A Critical Guide to Home Loans: Your Options and How They Affect Your Future A "Small Home" Primer Seven Steps for a New Home Loan Purchase I Want to Buy a Home - Now What? 9 Home Buyer Traps and How to Avoid Them Real Estate Stories that Show You How! How Stay at Home Moms and Dads Can Generate a Second Income Fear Plays Role in First Time Home Purchase Top 5 Methods to Manage Your Home Equity
|
|
||||||||||||||||||||||
|