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Mortgage Professor about option payment loan: | |||||||||||||||||||||||
Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... Interest-Only Mortgage Tutorial Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more... |
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option payment loan related definitions |
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Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... |
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More about option payment loan Interest only Home Loans: Are They for You? Refinancing Mortgage Loan Options - How to Refinance and Keep Your Terms Having Mortgage Calculators Calculating The Best Loan Option Debt Relief 101: Understanding Your Options and Avoiding the Scams Mortgage 101: First Time Home Buyers Must Read! Are You Having Difficulty Meeting Your Financial Obligations? Eight Ways to Consolidate Debt Credit Counseling Signs That You May Need Help Credit Counseling Signs That You May Need Help High Profit Real Estate Investing--Make a Good Deal Every Time!
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