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Mortgage Professor about prime mortgage: | |||||||||||||||||||||||
Is This a Good Time For an HEL?
7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more... Mortgage Prepayment Penalties October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... |
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prime mortgage related definitions |
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Warehouse Fee
Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about prime mortgage Sub-Prime Mortgage Loan - How Sub-Prime Loans Differ from Conventional Loans Refinance Mortgage Lenders - Prime Lenders vs Sub Prime Lenders Home Loans for People with Bad Credit - Using a Sub Prime Mortgage Lender Home Loans for People with Bad Credit Using a Sub Prime Mortgage Lender Bad Credit? Finance Your Home Mortgage Loan with a Sub Prime Mortgage Lender Mortgage Companies - Prime Lenders vs Sub Prime Lenders High Risk Mortgage Lenders - Using a Sub Prime Lender Online Buying A Home After Bankruptcy Low Credit Score Mortgage Loans You Are A Poor Mortgage Candidate If Sub Prime Mortgage Leads
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