Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
fixed rate equity loans related definitions |
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
More about fixed rate equity loans Bad Credit Loan and Bad Credit Loans Home Equity Loan Comparison - Access Your Home's Equity Through a Second Mortgage or Equity Loan Why Get a Home Equity Loan? Tips on Refinancing Your Home Refinancing Your Home Mortgage Loan - Refinance Your Adjustable Rate Mortgage Mortgage Loan Information - Know The Basics When You Refinance or Purchase a Home Home Equity Loan Still a Better Idea Than a 401(K) Loan Pay No Closing Costs for Refinancing - The Advantages of a No Closing Cost Loan Loans for Doctors - Financial Funding for Healthcare Professionals Loans for Doctors Financial Funding for Healthcare Professionals
|
|
||||||||||||||||||||||
|