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Mortgage Professor about subprime refinance: | |||||||||||||||||||||||
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... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
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subprime refinance related definitions |
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Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... Origination Fee Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... |
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More about subprime refinance Home Loans For People With Poor Credit - Understanding The Requirements For a Subprime Mortgage Hard Money Loans - Reasons Why You Might Want To Try Applying With A Subprime Mortgage Lender Who Else is Ready to have Their Money Work Harder for Them? Refinancing Online - Get The Best Refinance Home Loan You Can Get Refinance Your House Save Thousands on Your Home by Utilizing California Refinance Building Wealth When Refinancing Your Home Loan Home Loans and Mortgages Watch Out for Dangerous Subprime Loans Home Refinance: Why You Want to Refinance Your Mortgage Is A Debt Consolidation Refinance Good?
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