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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 How to Get the Best Auto Loan Rates and Terms with Subprime Credit California Second Mortgages Flexible Mortgage UK Mortgages to Specially Suit the Self-employed Buy To Let Mortgages 'To Let' in Reasonable Capital Growth with Financial Obligation Mortgages: Encouraging Stronger Personal Economic Growth California Mortgage Brokers Reverse Mortgages - Is It A Good Idea For You? How I Raised My Credit Score 40 Points in 24hrs AND Saved $658 a Month in Interest! Subprime Mortgage Loans - What is a Subprime Loan? Adjustable Rate Mortgage - Is This The Right Type Of Loan For Me?
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