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Mortgage Professor about vacation home vs. second home: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... Cash-out Mortgage Refinance or Home Equity Loan? Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more... |
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vacation home vs. second home related definitions |
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Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more... Second Home, Vacation Home Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more... |
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More about vacation home vs. second home Sometimes the Best Deal Isn't the Right Deal when It's Time to Refinance Your Home Home Equity Loans Theres Gold In That There House Decision Time: Home Equity Loan or Home Equity Line of Credit? Second Mortgages The Truth About Home Improvement Loans Refinance Your Home Equity Mortgage Loan Starting Your Home Based Business On A Shoestring Budget Creative Home Equity Strategies for Retirement Getting the Lowest Rate Home Equity Loan Home Business Success In 21 Steps
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