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Mortgage Professor about existing mortgage: 
Refinancing With Two Mortgages
September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300.  The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more...

Pros and Cons of Debt Consolidation
May 6, 2002 "I have two mortgages plus a lot of short-term debt with high interest rates. Because my house has appreciated substantially in recent years, I?m sure I can save money by consolidating the short-term debt into one of my mortgages, but which one?" I ... more...

existing mortgage related definitions

Sheriff Sale
Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more...

Assumption
Assumption The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortgage debt, unlike a new ... more...

More about existing mortgage

Brand Positioning - Brand Image
That cross-trainer you're wearing -- one look at the distinctive swoosh on the side tells everyone who's got you branded. That coffee travel mug you're carrying -- ah, you're a Starbucks woman! Your T-shirt with the distinctive Champion "C" on the sleeve, the blue jeans with the prominent Levi's ... more...

Class Action Lawsuits and Unethical Settlements
AN INVITATION FOR CLASS ACTION ATTORNEYS TO ENGAGE IN UNPROFESSIONAL CONDUCT Copyright 2004 by Michael A. S. Guth. All Rights Reserved. No portion of this article, including this web page, may be copied, retransmitted, reposted, or duplicated in significant portion without the express written ... more...

How to Sell Your Home Without a Real Estate Agent
Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range ... more...

Why Choose a Personal Secured Loan?
Listed below are some of the many reasons why choosing a personal secured loan makes good sense. Personal secured loans are also commonly known as a homeowner loan. This type of loan is essentially an amount that is secured against property as collateral.A personal secured loan is a loan which is ... more...

Solutions to Single Mothers in Debt
As a single mother, lets admit it, times get tough. You are fortunate enough to have your children that mean the world to you, but it doesnt come cheap. Of course youd do anything to keep them safe, even if that means struggling financially to support their well being. Debt can get out of hand ... more...

How To Check Your Credit Rating and Know Its Affect On You
You may not know it, but every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating. Who keeps a record on you will vary according to where you live, but the big three credit reference agencies are Experian, Equifax and Trans Union. They will ... more...

Home Loans: What You Should Know!
Finding home loans can be a daunting task, whether youre a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan thats right for you.Check Your Credit ReportAn important first step is to check your credit report, preferably ... more...

Moving On: Powerful Tips For Selling Your Home
Maybe you're moving to a larger home to accommodate a growing family, relocating for a new career opportunity, or purchasing a townhouse for retirement. Whatever the reason for the move, you'll need to take the necessary steps to sell your home for the best possible price, within a reasonable ... more...

Warning: Many Home-Owners Could Be Living Above Their Means!
San Ramon, CA -- Federal Reserve Board Chairman, Alan Greenspan, commented best when he stated "Homeowners might have saved tens of thousands of dollars had they held Adjustable-Rate mortgages rather than Fixed rate mortgages during the past decade". If you own a 30year fixed mortgage, the first ... more...

Selling For Keeps
When you are in sales and you come across a customer, you dont want to think of that customer as someone you can only make one sale to, you want to think of them as someone you can make several sales to.I can remember not to long ago when I was in Banking working as a branch manager, when I would ... more...


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