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 The SBA's Savviest Program How To Eliminate Credit Card Debt Florida Refinance Mortgage Debt Consolidation and Debt Management For Maximum Relief: Part 2 Remortgage When Monthly Mortgage Payments are Touching New Heights Holiday Loans Explore The Nature To The Fullest Cheap Bad Credit Loans Wave Off The Dark Clouds Of Debts Home Equity Line of Credit Great for Remodeling Projects Debt Relief From Debt Consolidation Second Mortgage a Good First Step
|
|
||||||||||||||||||||||
|