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Mortgage Professor about home appreciation: | |||||||||||||||||||||||
Piggyback Loans: Two Mortgages Cost Less Than One?
August 7, 2000 ?I can?t afford to put 20% down. My broker says it will cost less to take out a combination first and second mortgage, where the second would provide another 10% down, than to put 10% down on a first mortgage and ... more... Why a Reverse Mortgage Leaves Money Behind December 1, 2003 ?I was my aunt?s only relative, and when she died I was surprised to inherit a house worth $250,000, with reverse mortgage debt of only $90,000. I had encouraged her to exhaust the equity in her house, and she always told me that she was using it as fast as the ... more... |
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home appreciation related definitions |
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Equity
Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more... Equity Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more... |
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More about home appreciation Should I Still Buy Real Estate After All That Has Happened? Investors Eye Arizona Real Estate Appreciation Mortgage Loan Options Going Exotic The Benefits of Fractional Ownership in Private Residence Clubs A Simple Step by Step Aproach to Fail Your Way to a Million Dollars Part 1: FAQs From Media Interviews With Real Estate Author Real Estate Remains A Strong Investment Investing in Residential Real Estate: Achieving Positive Cash Flow Texas Real Estate - Property in the Big State California Real Estate - Appreciation on Steroids
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