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Mortgage Payment Problems: What If You Can't Pay?
April 21, 2003 "I lost my job and have been making my mortgage payment from savings. At some point, I will run out of savings. What should I do? Some variant of this letter is appearing in my mailbox with ... more... Lies Mortgage Shoppers Hear December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... |
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second mortgage sell your home debt to income pay off interest related definitions |
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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... 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... |
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