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Mortgage Professor about existing 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... Pros and Cons of Debt Consolidation May 6, 2002 "I have two mortgages plus a lot of short-term debt with high interest rates. Because my house has appreciated substantially in recent years, I?m sure I can save money by consolidating the short-term debt into one of my mortgages, but which one?" I ... more... |
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existing mortgage related definitions |
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Sheriff Sale
Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more... Assumption Assumption The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortgage debt, unlike a new ... more... |
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More about existing mortgage Refinancing Your Home - How and Why? Bad Credit? With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit Adjustable Rate Mortgage Use Rising Interest Rates to Your Advantage Home Mortgage Interest Rates: How to Compare Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Home's Value Low Income Home Loans - FHA and VA Mortgage Loans Can Help You Get Approved Refinancing After Bankruptcy - Is Refinancing Your Home a Good Idea? Refinancing With Cash Out Why Online Mortgage Quotes Don't Always Give The Best Rate Construction Loan Basics
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