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Mortgage Professor about different types of first home mortgages: | |||||||||||||||||||||||
Do Secondary Mortgage Markets Help Borrowers?
October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... Will My Mortgage Loan Be Sold? September 20, 1999 "I have been told that any lender I go to will probably sell my loan. Is that true? Am I justified in feeling disturbed about this?" Yes, it is true, but no, I don?t think you should be disturbed about it. A majority of borrowers deal with ... more... |
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different types of first home mortgages 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... American Dream Downpayment Initiative American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more... |
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More about different types of first home mortgages What Is A 2nd Mortgage? Getting Your First Home Mortgage Loan First Time Home Buyers - Get Your Top 5 Mortgage Questions Answered Here! What Length Mortgage Is Right For You? Life After Divorce- Surviving Financially The Facts About Second Mortgages Procedures in Selecting the Best Home Loan Your Home Equity Can Work for You When to Get a Second Mortgage No Money Down Mortgage Loans How to Buy a House with No Money Down
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