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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 Refinance Your House Why You Should Refinance Your House Online Bad Credit Mortgage Refinancing Home Mortgage Refinancing - Should I Refinance? Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family Top 3 Reasons To Consider Refinancing Your House Refinancing: When is It Worth It? Refinancing Your House - How to Know Whether to Refinance or get a Second Mortgage A Guide to Buying a New Home Ending Your Private Mortgage Insurance Early
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