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Mortgage Professor about mortgage payments: | |||||||||||||||||||||||
Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... Mortgage Prepayment by Doubling Principal 20 September 2004 "I have been advised that I can cut the life of my mortgage in half by making an extra payment to principal each month equal to that month?s principal payment. Is this true?" I have been asked this question many times and have always answered it in ... more... |
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mortgage payments related definitions |
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Bi-Weekly Mortgage
Bi-Weekly Mortgage A mortgage which requires 1/2 the normal monthly payment every two weeks. Over the course of the year, 26 half payments are made which is equivalent to 13 full mortgage payments. As a result of this extra ... more... Reverse Mortgage Reverse Mortgage, Reverse Annuity Mortgage, RAM A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home. A mortgage used by the elderly that provides income as a way of converting their home equity into a ... more... |
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More about mortgage payments A Guide to Buying a New Home Creative Home Equity Strategies for Retirement Fixed Rate Mortgage Loans - Understanding The Basics How do I know what is the best Second Mortgage Home Loan for me? Basic Mortgage Terms Key an Eye on Your Mortgage Payments New Credit Advice: Don't Pay off Those Credit Cards! Set Aside Foreclosure and Decree and Motion for New Trial Home Mortgage Loan Refinance - Refinancing a Fixed Rate Mortgage Buy More House With A Buy Down Mortgage
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