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Mortgage Professor about refinancing your house: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... Cash-out Mortgage Refinance or Home Equity Loan? Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more... |
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refinancing your 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... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
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More about refinancing your house Who Else is Ready to have Their Money Work Harder for Them? How Do I Know Whether or Not I Will End Up Saving Money When Refinancing My Home Loan? Should I Refinance My House - Benefits of a Cash-Out Refinance Is Home Mortgage Refinancing Really Worth It? When Should You Consolidate Student Loans? Home Mortgage - Reasons to Refinance Your House Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low Mortgage Info You Can Actually Understand! Using Refinancing to Secure Lower Interest Rates
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