MortgageVox: Terms Archives

Terms Archives

Sep25	Negative Amortization Taffy Wagner September 25, 2006 Know More: Mortgage Bankers, Mortgage Brokers, Terms 2.0, Terms I saw this term earlier and immediately got a bad taste in my mouth. Why you say? Because of the word negative. This already tells me that you are going to be going in the opposite direction of where you... Posted at 5:08 AM \| Permalink
Aug14	Home Equity Line vs Home Equity Loan Taffy Wagner August 14, 2006 Could you use a home equity line or a home equity loan? First you must know the difference. The value of your home and credit worthiness are factors when it comes to a home equity line. How many times have... Continue Reading Posted at 6:50 PM \| Permalink
	Second Mortgage Loans Taffy Wagner August 14, 2006 Is there a benefit to a second mortgage loan? Will it be a benefit or a detriment to you to take a second mortgage loan? The second mortgage loan is one of the types of home equity loan. Although it... Continue Reading Posted at 5:50 PM \| Permalink
Aug 8	More Terms to Know Taffy Wagner August 8, 2006 Here are some more terms that you should be aware of: 80/10/10 - A structured mortgage where the buyer places a 10% down payment on a home and takes a home equity loan on that amount. The result is a... Continue Reading Posted at 12:24 AM \| Permalink
Jul29	What is Remortgage? Taffy Wagner July 29, 2006 I had not ever heard of this term. So I had to look it up and see what this was about. A remortgage is changing your mortgage without changing your home. You switch to another lender for a better rate... Continue Reading Posted at 6:30 AM \| Permalink
Jul28	Terms Taffy Wagner July 28, 2006 Acceleration clause – this is a provision in the mortgage that allows the lender the right to demand payment of the entire principal balance if a payment is missed. Amortization – the gradual repayment of a mortgage loan by... Continue Reading Posted at 11:00 AM \| Permalink
	Adjustable Rate Mortgage - The Good and The Bad Common Mortgage Terms

Terms Archives

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