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Mortgage Professor about new mortgage: | |||||||||||||||||||||||
Refinancing With Two Mortgages
September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300. The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more... What Goes Into the Mortgage Refinance Decision? November 4, 2002 "What is the best way to measure the costs and gains from refinancing so I can be sure I will come out ahead?" The method I prefer is to compare all costs of your current mortgage and a new mortgage over a future period. The period should be your ... more... |
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new mortgage 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... Refinance Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... |
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More about new mortgage Refinancing Your Mortgage Can Really Save You Money Why a Mortgage Professional Beats a Banker Every Time -- The Story Tells It All Is the New Millennium Method Really $1.204,000 Better then a Bi-Weekly Mortgage Revive Mortgage Tenure With Extend Loan Term Remortgage 10 Ways To Boost Your Credit Score Should I Refinance My House - Benefits of a Cash-Out Refinance A Guide to Buying a New Home Using Refinancing to Secure Lower Interest Rates Remortgages Guide Remortgage to Save Your Hard-Earned Money
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