Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about paying down payment with home equity: 
What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance.  I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more...

Invest Xtra Cash in Securities or Larger Down Payment?
August 19, 2002 "We will have $100,000 from the equity in our current house when we sell it, and plan to buy a new house for $200,000. We are considering two financing options. Option 1 is to take a no down payment 30-year loan at 7.75%, investing the $100,000 in ... more...

paying down payment with home equity related definitions

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

More about paying down payment with home equity

Get Free paying down payment with home equity 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...

8 Tips for Keeping More of Your Hard Earned Money
Masters degree not required...just a little common sense, a $5.00 calculator and a realistic plan is all youll need.Theres got to be a better way resonates with many of us, when contemplating how frustrated weve become with our investment decisions. Too many Canadians are spending far too much on ... more...

Eight Ways to Consolidate Debt
Next to winning the lottery, a debt consolidation loan is a debtors dream. With one monthly payment and a fixed monthly payment schedule, you can actually see an end to those monthly payments.In reality, consolidating bills isnt always easy. If you have a lot of debt, it can be hard to find a ... more...

Student Loan Consolidation Rates - Helpful Tips
Student loan consolidation has many benefits. Before you sign up on the dotted line, you should know how to get the best student loan rates. If you are tired of too many bills and monthly due dates, it may be time to find the best student consolidation loan you qualify for.The most obvious way to ... more...

Home Loans: What You Should Know!
Finding home loans can be a daunting task, whether youre a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan thats right for you.Check Your Credit ReportAn important first step is to check your credit report, preferably ... more...

What Is A FHA Loan?
Most of us need to borrow some money at least at one point of time in our life. When we want to buy a car, to study at the College or University, when we want to buy a house or home, when we need money to start our own business - even when we use our credit cards.There are many types of loans and ... more...

Buying a Home with Zero Down Payment in Irvine, CA
Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any buyers circumstances. Today, most anyone ... more...

The Power of a Home Equity Loan to Pay Down Debt
Households across the country are finding themselves in a similar situation. They lack the financial funds to make the necessary changes to their home and need to find a way to fund upgrades and eliminate debt. A popular way of financing these changes without killing themselves is by taking a home ... more...

Ten Ways to Get Out of Debt
1) Use your AssetsIf you have assets with some significant equity, such as a home or a car you may be able to use these to get control of your debt. For example, you could get a loan on your home sufficient to pay off your debts. You could be saving a considerable amount of money on interest if you ... more...

What Are Debt Management Solutions?
If you're like most consumers and are fighting the mounting bills that come your way each and every month there is a good chance that a debt management solution might be right for you. There are many debt relief and management solutions available to choose from with most easy to follow and ... more...

Debt Consolidation Mortgage - Decode Its Apparent Complexity
Someone great once said that if it isnt the sheriff, it is the finance company. Do you feel the same? Has the piling up of bills forced you to take several loans? Do you live in constant dread that someone would soon come to claim his money. The problem is that you dont ever seem to have the money. ... more...

Return to previous page   More articles on paying down payment with home equity
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