Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about first mortgage: 
Refinancing and Second Mortgages
April 30, 1999 The ready availability of second mortgages both encourages and discourages refinancing, depending on the circumstances. Case 1: When the loan balance on a first mortgage is more than 80% of ... more...

Second Mortgage Rates Below Firsts?
September 9, 2002, Revised January 8, 2003 "Please settle an argument. My friend says that second mortgage rates today are below those on first mortgages. I say this is not possible because second mortgages are riskier to the lender than first mortgages. Who is right ... more...

first mortgage related definitions

First Mortgage
First Mortgage A mortgage that has priority as a lien over all other mortgages. In the case of a foreclosure the first mortgage will be satisfied before other mortgages.   ... 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...

More about first mortgage

Get Free first mortgage Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

How to Achieve Financial Freedom with Your Home
The secret disclosed on how you too could achieve financial freedom through property (and tell the pension companies just where to stick their measly, worthless pensions) Geoff Morris is a self-made property millionaire who made it in less than 18 months even with a hectic 'day job'. He has written ... more...

The U.S. Postal Service Delivers Frustration
There it was - an envelope from my insurance company. It seemed like I had just paid my semi-annual automobile insurance bill last month. I opened it up only to find a letter demanding immediate payment of my insurance bill that was due at the end of last month or my insurance would be cancelled! ... more...

Mortgage: Rehabilitation Of Financial Helplessness
The term mortgage is assumed really controversial by people when they are contemplating the idea of taking a loan. It is definitely a very simple procedure which is presumed complicated because your home is attached to the term mortgage. In the layman language it is the conditional conveyance of ... more...

Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later
There are great mortgage loans for people with poor credit, and yes, you can still save thousands of dollars. In order to receive preferential treatment for mortgage professionals, youll need a credit score of 680 or better (this is considered A credit). If you have a score that is less than 600, ... more...

Learn How You Can Repair Your Credit & Get Out Of Debt Faster Before Buying Your New House!
Most people think mistakenly that if you have credit problems, you have to wait 7 years for them to go away. Well, that's not always true.Credit repair can help you...once you know how to do it. The time to clean up your credit and pay off your debts is RIGHT NOW, before you start looking for ... more...

10 Easy but Essential Steps for Home Selling Success
They say that the whole process of selling up, buying new and moving on is one of the most stressful series of events any of us goes through in a lifetime: and yet with careful planning, attention to detail and a clear focus, the whole process can be relatively stress free.While there will always ... more...

Types of Financing for Your Mortgage
When financing a home purchase, the kind of mortgage you choose determines your monthly payment and the interest rate you get on your loan. There are four main ways of financing the mortgage for your home: 30-year fixed rate, 15-year fixed rate, adjustable rate, and interest only. Each of these ... more...

Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important Decisions
Mortgages are easy as long as you understand them well. But how many borrowers can be confident of their knowledge of mortgages.With the list of terms and terminologies related to mortgages growing fastly, it is difficult to keep pace with it. However, the legal maxim goes as follows ignorantia ... more...

Investing in Real Estate for Your Retirement (and Now!)
You've probably heard a lot of opposing information about Investing in Real Estate, which is completely annoying! The straight-forward fact about Real Estate is that it is probably the best and safest investment you'll ever make, especially if you live in it, and that you are far more likely to ... more...

Buying a House or a Home?
A house is just that, a house, until someone lives in it. That's when it becomes a Home. There's a big difference. At our house, we always say our home is "well lived in." And, with a family of six, four of them being between the ages of 9 and 15, this house has no choice! Our house, being in ... more...

Return to previous page   More articles on first mortgage
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009