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Is Unused Home Equity a "Missed Fortune"?
18 July 2005 "I don?t understand why a Wharton professor would not recognize that unused home equity is a missed opportunity? Isn?t home equity safer in a conservative side fund than buried in the house earning a 0 percent return?" The New and Old Wisdoms of ... more... The Wrap-Around Mortgage Scam February 18, 2003 "A local firm has offered to refinance our existing 6.75% mortgage, which has a balance of $100,000. On our behalf, they will arrange for another lender to provide us with a cash-out refinance of $150,000 at 4.875% for 15-years. Three days after settlement, we take ... more... |
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invest smart related definitions |
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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... |
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