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Mortgage Professor about refinancing house: | |||||||||||||||||||||||
Refinancing and Second Mortgages
April 30, 1999 The ready availability of second mortgages both encourages and discourages refinancing, depending on the circumstances. Case 1: When the loan balance on a first mortgage is more than 80% of ... more... 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... |
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refinancing house related definitions |
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Improvements
Improvements Home improvement is the process of renovating or making additions to one's home. Often, a professional handyman is hired to perform the improvements but, typically, most improvements are done on an amateur basis by the homeowner. Home improvement comes in many ... more... Debt To Income Ratio Debt To Income Ratio The ratio, expressed as a percentage, which results when a borrower's monthly payment obligation on long-term debts is divided by his or her gross monthly income. Equal Credit Act Debt ... more... |
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More about refinancing house Refinancing is Worthwhile Under These 5 Conditions Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Should I Refinance My House - Benefits of a Cash-Out Refinance Benefits to Refinancing Your House Online Home Mortgage - Reasons to Refinance Your House Using Refinancing to Secure Lower Interest Rates California Mortgage Refinancing How Do I Know Whether or Not I Will End Up Saving Money When Refinancing My Home Loan? Who Else is Ready to have Their Money Work Harder for Them? When Should You Consolidate Student Loans?
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