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Mortgage Professor about home equity credit line: | |||||||||||||||||||||||
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... Which Reverse Mortgage Plan Do I Choose? April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more... |
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home equity credit line related definitions |
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Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
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More about home equity credit line Creative College Financing-The HELOC and the 529 Plan Build Your Own Dream House! Exotic Mortgage Personal Loans for Unemployed Liberating You from the Tangles of Unemployment Debt and Bill Consolidation - Signs You Need To Consolidate Your Debt A Home Equity Credit Line Debt Consolidation and Debt Management For Maximum Relief: Part 2 When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate Protect Your Assets and Your Financial Future Mortgage Info You Can Actually Understand!
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