Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about second trust bridge loan: 
The APR on a Cash-Out Refinance
September 24, 2001 "I need $20,000 and am comparing a cash-out refinancing with a second mortgage loan.  The cash-out refinance would be for $185,000 at 8%, with lender fees of $1850 and other settlement costs of $3150.  My current mortgage is at 7.5%, has a ... more...

Piggyback Loans: Two Mortgages Cost Less Than One?
August 7, 2000 ?I can?t afford to put 20% down.  My broker says it will cost less to take out a combination first and second mortgage, where the second would provide another 10% down, than to put 10% down on a first mortgage and ... more...

second trust bridge loan related definitions

Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") 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 trust bridge loan

Get Free second trust bridge loan Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Halftime Betting for Football
There are several different ways bettors use the halftime wager, but for the most part, they use it more as a hedge bet. No matter how you want to bet a halftime bet, it is just another fun way to bet.A quick example of a halftime wager:Lets say you have a bet on the Dolphins and Bills game. The ... more...

Refinancing Your House - How to Know Whether to Refinance or get a Second Mortgage
Refinancing your houses mortgage is not the same thing as getting a second mortgage. While both allow you to cash out your homes equity, terms and rates differ between the two types of loans. To know which financing option is best for you, learn each loans features and pick the one that best meets ... more...

To Be Mr. and Mrs. Sometimes You Need Wedding Loans
The conception of wedding has changed over the years. Its conception, its configuration, the way it is planned all have changed through the past times. You can see it since you are planning your wedding or your childs wedding. Wedding has been planned in your room, your mind, your house, your ... more...

What is a Personal Secured Loan?
A personal secured loan is the generic term for a loan. In simple terms a personal secured loan gives security to the lender on the loan other than a simple promise to repay the loan.This type of loan is essentially an amount that is secured against property put up by you as collateral. Since this ... more...

Pay No Closing Costs for Refinancing - The Advantages of a No Closing Cost Loan
If you hear the term "Absolutely No Closing Cost," you would assume that there are no closing costs (lender, escrow and title) involved in the loan. But actually this is really just a creative way of marketing or selling this type of loan. Is there really a absolutely no closing cost loan?No, there ... more...

Colorado Second Mortgages
Microsofts Encarta Dictionary defines `Second Mortgage as an additional mortgage on a property that has been mortgaged once already, secondary to the main loan that is secured on the property.Lets take an example. Alicia bought a large house, with a mortgage, in a Denver suburb. She wants to ... more...

Home Equity Loans - How To Use Your Home's Equity to Consolidate Debt
If you've got a wallet full of credit cards, and monthly payments on them that total more than 25% of your monthly income, chances are that you've considered debt consolidation loans or some other means of taming your credit card debt. But did you know that a home equity loan is another way to get ... more...

Secured Loans Tips
Here are some useful secured loans tips. Secured loans enable most homeowners to borrow capital against the value of their property. A secured loan is where the amount you borrow is secured against the value of your home. This is a loan that's secured on your property, which, if you already have a ... more...

How to Spot and Avoid Predatory Lending
Predatory lenders promise loans that are "too good to be true" and pressure borrowers to take them on the spot. Here's a few things you or your family and friends should know about spotting and avoid predatory loans:How to Spot a Predatory Loan*Balloon payments.*High interest rates.*Monthly ... more...

Refinance Mortgage - The Most Effective Option For Consolidating Bills
Have you ever wondered what exactly is the benefit with refinancing your mortgage? This informative article can give you an insight into everything you've ever wanted to know about refinance mortgage and how you too can consolidate your monthly bills.There are several reasons why a refinance ... more...

Return to previous page   More articles on second trust bridge loan
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009