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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 Interest Only Mortgage A Short Term Fix Loan Refinance Loans For Unemployed - Employing Home For A Solution To Unemployment Obtaining a Home Equity Loan Online The Truth About Home Improvement Loans Buying and Selling a Home Isn't the Same Old Thing Refinance Benefits - Refinancing Could Save You Money How To Get The Best Secured Loan In UK? Subprime Mortgage Lenders - Differences Between Subprime and Other Lenders Can The Home Loan That is Best For Your Bank Also Be Best Mortgage For You?
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