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| Mortgage Professor about mortgage shriff sale sell your home remortgage interest: | ||||||||
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In a Purchase Transaction, What Is a Gift?
January 21, 2002 ?My brother and his wife are in a bind. They are about to close on a new house, but the old one has yet to go under contract (and they didn't use a sale-contingency clause). We have the available funds to loan them the down payment, which will be repaid ... more... Are Mortgage Assumptions a Good Deal? November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this?? Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more... |
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mortgage shriff sale sell your home remortgage interest related definitions |
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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... Home Equity Loan Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... |
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