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Mortgage Professor about refinancing just to get cash a shaky scenario: | |||||||||||||||||||||||
Can Mortgage Refinance at a Higher Rate Make Sense?
April 8, 2002, Revised November 17, 2004 "Does it ever make sense to refinance into a mortgage carrying a higher interest rate than the mortgage you already have?" Very often it does not. Mortgage borrowers refinancing at higher rates ought to use the 72 hour ... more... 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... |
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refinancing just to get cash a shaky scenario related definitions |
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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... Mortgage Broker Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more... |
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