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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... |
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existing mortgage related definitions |
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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... |
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More about existing mortgage 10 Steps To Successful Debt Consolidation Why Choose a Remortgage? When is the Right Time to Refinance Your Mortgage? Remortgage to Save Your Hard-Earned Money Benefits of a Bridging Loan What is a Bridging Loan? A Quick Guide to Remortgage Remortgage to Restart the Mortgage Cycle on Fresh Terms Remortgages Guide Refinance Benefits - Refinancing Could Save You Money
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