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Mortgage Professor about home equity 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... Should Upfront Fees on a Reverse Mortgage Deter You? 7 March 2005 Reverse mortgages allow elderly homeowners to cash-out some or all of the equity in their houses while preserving the right to live there as long as they want. This occasionally creates an inter-generational difference of opinion, as illustrated by the following ... more... |
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home equity 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 line Home Equity Line of Credit Do Rising Interest Rates Spell Trouble? Reducing Debt Through Lower Interest Loans Home Equity Line of Credit Great Idea for Rainy Day Emergencies Refinancing vs Line of Credit Shopping Home Equity Loan Rates Mortgage Cycling Brilliant or Risky Mortgage Cycling - Brilliant or Risky Home Equity Line of Credit - Finding The Best Home Equity Lender Home Equity Line of Credit Pro and Cons Home Equity Loan Comparison - Access Your Home's Equity Through a Second Mortgage or Equity Loan
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