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Which Reverse Mortgage Plan Do I Choose?
April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more...

Mortgage Prepayment as Investment: Another Look
November 3, 2003 "Should not your analysis of when mortgage repayment is a good investment distinguish between two different sets of circumstances? One is where you pay off the mortgage in one fell swoop by liquidating assets. The other is where you allocate surplus ... more...

lump sum related definitions

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...

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 lump sum

Get Free lump sum Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Buy More House With A Buy Down Mortgage
A buy down mortgage allows you to buy more house with your income and enjoy low monthly payments for a couple of years. With reduced payments, you can pay for move in costs and furnishings. You also qualify for a larger mortgage due to lower monthly payments.Buy Down Mortgage TermsBuy Down ... more...

Choosing the Best Life Insurance Option for You
Life insurance in the UK is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to UK consumers.Level Term Life ... more...

Life Insurance Quotes - Which Life Insurance Option is the Best One For You?
Life insurance is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to consumers.Level Term Life InsuranceLevel term ... more...

Debt Consolidation Lenders - 3 Tips on Finding The Best One
If you need to get control of all the bills, paperwork and account statements that keep flooding your mailbox, you might want to consider debt consolidation. A debt consolidation lender can help you merge all those accounts into one single loan. So how do you find one? Try:Looking online!Do an ... more...

Australians Strive to Pay Off Their Mortgage Sooner
A large number of Australian home owners intend to repay their mortgage off sooner than specified in the terms of their mortgage contract. This information comes from a recent survey conducted by the Mortgage Industry Association of Australia (MIAA).What is even more surprising is that the ... more...

Debt Consolidation: How it Works
As long as consumerism flourishes most of us will be tempted to overspend thus creating a financial bind. While some people do manage to get themselves out of debt others, for a number of reasons, including job loss, divorce or hospitalization cannot. In these instances bankruptcy may seem the ... more...

Mortgages for Dummies: Mortgage Cycling Exposed
Mortgage cycling is a repayment strategy that promises to cut years of repayment off your mortgage and save you thousands of dollars. Payoff your mortgage in 10 years without refinancing your current mortgage. How does it work and is it worth the risk?Amortization is the process by which part of ... more...

The Reverse Mortgage - What The Heck Is It Anyway?
Are you 62 or older and own your own home? Then, you probably qualify for a reverse mortgage.But, what the heck is it anyway? Well, if you still have a conventional mortgage ... or had one until you burned your loan papers ... this is simply the reverse of what you have or had.A reverse mortgage ... more...

Why Invest In Property?
Why property, some people ask when looking for an investment. Well, as far as I am concerned, property investment is, and always has been, the most powerful type of investment for building wealth. It has been said that over 90% of the world's millionaires got there by owning property. The reason ... more...

Shocking Facts - What Debt Settlement Companies Don't Tell You
If you're thinking about using a debt consolidation or debt settlement service to help you get out of debt faster and save money on your monthly payments, make sure you do your homework before choosing a company. There are definitely shams and scams out there.First let me say that debt ... more...

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