Many people take out a mortgage loan from a bank or credit union to finance the purchase of their home or commercial property. A mortgage is defined as "the charging of real (or personal) property by a debtor to a creditor as security for a debt, on the condition that it shall be returned on payment of the debt within a certain period". This type of loan differs from other loans in that the lender can repossess or foreclose on the property if the debt is not paid according to the agreed-upon contract terms.
Authored by AH. Last updated 2015-01-07 12:54:02.
- Variable Rate Mortgages
Variable rate mortgages do not have a fixed interest rate over the course of the loan. This page describes the pros and cons of variable rate mortgages.
- 2nd Mortgages
With today's economy, many people have taken out or are currently contemplating taking out a second mortgage. Visitors can learn the differences between a home equity loan and a home equity line of credit.
- Reverse Mortgages
A reverse mortgage is a special home loan that converts home equity into cash. Learn about when this type of mortgage is appropriate on this informative website.
- Fixed Rate Mortgages
This page lists the advantages and disadvantages of fixed-rate mortgages. Tips about knowing which type of mortgage is best for you are included.
- Reverse Mortgages Directory
Browse this reverse mortgage provider directory for information about reverse mortgage service providers in the United States of America. The illustration on this page depicts a dollar sign and a mirror image of the phrase REVERSE MORTGAGE.
- Mortgage Types
Learn about two mortgage types on this website, which details both adjustable rate mortgages and fixed rate mortgages. Related links are also included.
- Home Equity Loans
A second mortgage, in the form of a home equity loan or home equity line of credit, may enable you to use your real estate equity for various purposes, including home improvement, college tuition, and debt consolidation.
Home Equity Loan (Illustration)
Sitting atop a smattering of copper pennies, this attractive, white house with a gray roof and red shutters has financial equity that can be tapped by its owners.
- Financing News
Recent financing news and relevant information resources, drawn from diverse sources around the world, are the focus of this loan and mortgage news website.
Mortgaged House (Illustration)
The concept of a mortgaged home is illustrated by a dollar sign overlaid by a yellow house with a red chimney. As home values have declined in recent years, second mortgages have become less available to underwater homeowners.
- Personal Finance
This personal finance guide contains information and links related to credit card debt, home mortgages, life insurance, and more.
- Banks warned over default risk from $500b in 'liar loan' mortgages
Up to a third of Australian mortgages could be "liar loans" based on inaccurate information, warns investment bank UBS, raising the risk of widespread home loan defaults if the housing market suffers a downturn.
Michael Janda. Australian Broadcasting Corporation. Mon, 11 Sep 2017 12:14:54 +1000.
Mortgages Directory Page(s)
- Mortgages Page on AbiFind.com
Visit this mortgages category page on abifind.com to find editorially-reviewed resources about this topic.
- Mortgages Page on Adirectory.us
Visit this mortgages category page on adirectory.us to find editorially-reviewed resources about this topic.
- Mortgages Page on Ajdee.com
Visit this mortgages category page on ajdee.com to find editorially-reviewed resources about this topic.
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