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Mortgage Professor about subprime mortgages: | |||||||||||||||||||||||
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... Do Secondary Mortgage Markets Help Borrowers? October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... |
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subprime mortgages related definitions |
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Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... 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... |
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More about subprime mortgages No Down Payment Poor Credit Mortgage Loans - No Money Down Loan Information Bad Credit Mortgage Lenders Finding a Home Loan with Bad Credit Postcards Picture Perfect Promotion 100% Financing or No Down Payment & Bad Credit Mortgage Loans Bad Credit Home Purchase Loans - How To Purchase a Home with Bad Credit Bad Credit Refinance 101: The Hows and The Whats Subprime Mortgage Lenders - Differences Between Subprime and Other Lenders Seven Steps for a New Home Loan Purchase 100% Financing Bad Credit Mortgages - Tips on Getting Approved Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
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