![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about second home: | |||||||||||||||||||||||
|
Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... HUD's Proposals For Reform October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... |
|||||||||||||||||||||||
second home related definitions |
|||||||||||||||||||||||
|
Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... 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... |
|||||||||||||||||||||||
|
More about second home Second Mortgage Secrets How to Buy a Holiday Home Abroad Child Care - When Is It Too Much? - Part II WhereTo Get Money For A Franchise Idea No Income Verification Home Equity Loan Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics Secured Car Loan - if Car Signifies a Second Home to You A Singles Game of Real Estate How to Buy a Home When Your in Your Twenties Snowbirds, Bi-Coastal and Life in 2 Locations
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||