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Mortgage Professor about second mortgage: | |||||||||||||||||||||||
Debt Consolidation With a Cash-Out Refinance
August 21, 2000 ?I need $50,000 to refinance credit card debt. 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 ... more... Debt Consolidation With a Second Mortgage November 6, 1999, Revised February 20, 2004, Revised November 30, 2004 "I have a bad credit card habit, with 7 cards and $30,000 in balances, at rates ranging from 10% to 19%. I have been offered a $35,000 second mortgage at ... more... |
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second mortgage related definitions |
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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... Delinquency Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more... |
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More about second mortgage Refinancing 2nd Mortgage - Tips to Refinancing 2nd Mortgage How to Get the Best Home Equity Loan For Your Credit and Qualifications 2nd Mortgage Loan After Bankruptcy - Should You Get a 2nd Mortgage? 2nd Mortgage Loan Rates - Bad Credit and Higher Interest Rates Home Equity Loan Comparison - Access Your Home's Equity Through a Second Mortgage or Equity Loan How to Afford Your Dream Home Reasons to Refinance When Rates Are Moving Up Second Home Mortgages Home Equity Line vs. Second Mortgage To Find The Right Loan You Must First Find The Right Lender
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