Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about fixed equity loans: | |||||||||||||||||||||||
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... What Is a Wrap-Around Mortgage? October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, S, who has a $70,000 mortgage on his home, sells his home to B for $100,000. B ... more... |
|||||||||||||||||||||||
fixed equity loans related definitions |
|||||||||||||||||||||||
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... 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... |
|||||||||||||||||||||||
More about fixed equity loans Second Mortgages and Home Equity Loans Debt Consolidation Solutions Ways To Consolidate Your Debts Yourself Free Information about Consolidating Debts - What are Your Options? Home Equity Line of Credit Loans Types of Home Equity Loans Bad Credit Mortgage Refinancing - Refinance and Improve Credit Guiding Borrowers Through the Maze of Secured Loans Online Home Equity Loans Home Equity Loan and Home Equity Loans Debt Consolidation Mortgage Loans - How to Secure a Loan to Payoff Debts
|
|
||||||||||||||||||||||
|