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Mortgage Professor about should i pay off fixed rate equity loan: | |||||||||||||||||||||||
Second Mortgage Rates Below Firsts?
September 9, 2002, Revised January 8, 2003 "Please settle an argument. My friend says that second mortgage rates today are below those on first mortgages. I say this is not possible because second mortgages are riskier to the lender than first mortgages. Who is right ... more... Should You Fear Negative Amortization? November 20, 2000 " When my real estate agent turned me over to a loan officer, he said 'Don't put Charlie into an ARM (adjustable rate mortgage) involving negative amortization', and the loan officer said 'Don't worry'. I didn't want to confess my ignorance, but what ... more... |
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should i pay off fixed rate equity loan related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... 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 should i pay off fixed rate equity loan Home Loans and Mortgages Time to Consolidate Loans? Home Equity Loans - Friend or Foe? Why Choose a Home Equity Loan? Option One Mortgage Loans - Getting an Option ARM or Option One Mortgage Loan Debt Consolidation Makes Sense Only with Low Interest Rates 125% Home Equity Loans Option One Mortgage Loans Getting an Option ARM or Option One Mortgage Loan Home Equity Loans Don't Overpay for a House, Even in Today's Market Real Estate Stories that Show You How!
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