Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about mortgages definition: 
Why Is This Mortgage Refinance "Cash-Out"?
June 9, 2003, revised August 20, 2003 "We currently have a first and second mortgage, with plenty of equity left. We would like to take advantage of the current low rates and consolidate the two mortgages into one. Lenders are telling us, however, that because the second ... more...

What's Covered By a Mortgage Lock?
June 21, 2004 "I locked my 30-year FRM at 5.5% and 1 point, but at closing I was dunned for $2800 in lender fees of various types that had never appeared on the Good Faith Estimate. Why didn?t the lock protect me against that?" A lock is designed to protect ... more...

mortgages definition related definitions

Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more...

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...

More about mortgages definition

Get Free mortgages definition Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Bad Credit 2nd Mortgage - Should You Get a Second Mortgage?
A second mortgage is a loan taken out against a home's equity. These loans are very attractive for several reasons. The process is relatively quick, and the easiest way to acquire money for home improvement, debt consolidation, etc. Homeowners with bad credit may take advantage of second mortgages ... more...

Home Mortgages: Think Before You Borrow
In today's overheated housing market, lenders are making it easier and easier to get a mortgage. For example, some lenders have lowered the credit score needed to qualify for a mortgage. Others have increased the debt load that borrowers can carry or have made it easier for borrowers to get loans ... more...

Buy to Let Mortgages - Boom Time Returns
After last years crisis of confidence the buy-to-let market is again booming. Earlier worries that interest rates were on the up and property values would crash are firmly behind us. So, fuelled by rising rental yields confidence, landlords have been snapping up new properties and remortgaging for ... more...

Fixed Rate Mortgage vs. Adjustable Rate Mortgage
The most basic distinction between types of mortgages that are available when you're looking to finance the purchase of a new home is how the interest rate is determined. Essentially, there are two types of mortgages - fixed rate mortgage and an adjustable rate mortgage. If you choose a fixed rate ... more...

Reverse Mortgage Putting Your Equity to Work
If you're like many seniors, your home is your largest asset, and although you are concerned about the thought of borrowing against it, your house may be the only way to increase your income.Rising real-estate prices have caused many seniors' homes to significantly increase in value. But unless ... more...

Dallas Mortgage Refinance
Refinanced mortgages have a few distinctive rules when it comes to closing. For one, there is a mandatory rescission clause for primary residence mortgages that permits you to annul your loan. You can decide to close at anytime, which is advantageous if you think rates will go down in the near ... more...

Flexible Mortgages - Offering Relief from the Fixed Mortgage
A pension mortgage may seem lucrative at the first sight. However, they seldom are, if the customers who took pension mortgage are to be believed.Nevertheless, before delving into the ill consequences of the mortgage, let us observe why pension mortgages seem lucrative. The most eye-catching ... more...

Financial Rebirth Through Remortgage
Seldom in ones life do we get a chance to alter the mistakes we made in the past. Remortgage offers a once in a life time opportunity to change from a mortgage to another that is more desirable.So what are the mistakes that Remortgage will help cure? With the interest rates falling, mortgages ... more...

The Truth behind Pension Mortgages
A pension mortgage may seem lucrative at the first sight. However, they seldom are, if the customers who took pension mortgage are to be believed.Nevertheless, before delving into the ill consequences of the mortgage, let us observe why pension mortgages seem lucrative. The most eye-catching ... more...

The Ultimate HD DVD Home Entertainment Setup
The home entertainment market was created when the VHS was invented; it brought entertainment to peoples living rooms and bedrooms. The VHS progressed to VCDs and DVDs which became the latest in the home entertainment. The cinema theaters, meanwhile, still had their hold on audiences due to certain ... more...

Return to previous page   More articles on mortgages definition
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009