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Mortgage Professor about fixed rate 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... |
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fixed rate equity loans related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Variable Rate Mortgage Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... |
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More about fixed rate equity loans Bad Credit Mortgage Refinancing - Refinance and Improve Credit Guiding Borrowers Through the Maze of Secured Loans Credit Card Debt Help Online Using the Internet to Consolidate Debts Fixed Rate or Adjustable? How and Where To Get Big Real Estate Loans Today Refinance Home Loans with Bad Credit Knowing When to Refinance Florida Mortgage Loan Rates Understanding a UK Commercial Mortgage Home Refinancing for People with Bad Credit - How to Avoid High Fees Bad Credit? With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit
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