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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... |
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lump sum related definitions |
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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... |
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More about lump sum 5 Reasons to Build a Real Estate Property Portfolio Home Equity Loan - With a Reverse Mortgage, Your Home Pays You! Home Equity Loan With a Reverse Mortgage, Your Home Pays You! Second Mortgage for Home Improvement Online Home Equity Loans Home Equity Loan and Home Equity Loans Avoiding Complications in Credit Repair Debt Consolidation, with Home Equity Loans California Reverse Mortgages How to Negotiate Debt Settlement
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