Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about refinance calculate: | |||||||||||||||||||||||
Lies Mortgage Shoppers Hear
December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... Is a Balloon Loan Better Than an Adjustable Rate Mortgage? May 4, 1998 "I have been offered a 5-year balloon loan at 6.5% and zero points, and a 5-year ARM [adjustable rate mortgage] at 6.125% and zero points. Is there any reason why I should not choose the ARM?" No reason, provided you confidently expect to be out of ... more... |
|||||||||||||||||||||||
refinance calculate related definitions |
|||||||||||||||||||||||
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... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
|||||||||||||||||||||||
More about refinance calculate Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay Save Yourself from Homebuying Disasters Reverse Mortgage: A Dignified Way for Retirees to Supplement Income and Take Care of Expenses Your First Mortgage Made Easy Mortgage Basics for First Time Home Buyers Car Loans - Shop Around, Compare Offers, and Watch The Small Print Get a Better Mortgage Refinance Deal than Your Local Bank Offers Pay No Closing Costs for Refinancing - The Advantages of a No Closing Cost Loan Debt Consolidation Makes Sense Only with Low Interest Rates Getting Your First Home Mortgage Loan
|
|
||||||||||||||||||||||
|