![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |
|
|
||||||||
| Mortgage Professor about adjustable mortgage rate home loan mortgages refinancing: | ||||||||
|
Is This a Good Time For an HEL?
7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more... No-Cost Mortgages July 19, 2004 "Why wouldn?t anyone in his right mind take a no-cost mortgage if he could find one?" Because no-cost mortgages don?t eliminate costs, they convert them from costs paid upfront to costs paid over time. No-cost mortgages carry higher interest rates, ... more... |
||||||||
adjustable mortgage rate home loan mortgages refinancing related definitions |
||||||||
|
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... |
||||||||
|
More about adjustable mortgage rate home loan mortgages refinancing
Get the Best Rate on Your Home Mortgage Loan Home Mortgage Loan Information - Which Type of Home Loan is Best For You? Get the Mortgage Quote Your Bank Doesn't Want You to See Adjustable Rate Mortgages - Understand the Benefits Compared to a Fixed Rate Mortgage Why You're Probably Not Getting the Best Mortgage Rate Quote? The Most Effective Way To Get A First Mortgage Discover the Best Home Mortgage Rates Fixed-To-Adjustable-Rate-Mortgage Refinancing Your Mortgage Can Really Save You Money Your Mortgage Rate Compare and Save
|
|
|||||||
|
||||||||