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Mortgage Professor about how invest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invest In Mortgage Points or Larger Down Payment?
January 10, 2000 "I have enough cash to increase my down payment from 5% to 10%, or to pay up to 5 points, but not both? Which is better?" Most borrowers are aware that they can reduce or eliminate private mortgage ... more... Can I Live Off My House? November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... |
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how invest related definitions |
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Owner Occupied Property
Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
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More about how invest Interest Only Home Loan Is It Right For You? Home Buying Process - Pointers Tips Regarding Interest Only Loans How I Built My Online Business From Scratch Starting A Successful Business Money Smart Homeowners Use this Mortgage Strategy Every Time How a Commercial Mortgage Can Help Your Business Home Loans Use For Maximum Benefit Real Estate Investing: Why Paying Cash (or Putting Too Much Down) Could be a 6-figure Mistake Student Loan Consolidation What Are The Main Advantages?
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