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Mortgage Professor about refinancing home equity loan: | |||||||||||||||||||||||
Avoiding Mortgage Predators
August 20, 2001 ?I read a lot about predatory lending. How do I avoid becoming a victim?? To educate myself on what makes a victim, I recently studied 51 case histories of households ... more... How Do You Avoid Mortgage Predators? August 20, 2001 ?I read a lot about predatory lending. How do I avoid becoming a victim?? To educate myself on what makes a victim, I recently studied 51 case histories of households ... more... |
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refinancing home equity loan related definitions |
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Recision
Recision The cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases once it is signed if the transaction uses equity in the home as security. ... more... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... |
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