What is a secured mortgage?

Answer Secured transactions are transactions in which a creditor has a security interest in property held by the debtor. A common form of a secured transaction is a mortgage, in which the bank or mortgage... Read More »

Top Q&A For: What is a secured mortgage

What is the difference between a secured loan and a mortgage?

A secured loan is a type of debt that has some type of collateral attached to it. A mortgage is a secured loan collateralized by a house. A secured loan can be collateralized by any asset, from cas... Read More »

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »

Can i qualify for a mortgage before i sell my home&satisfy the existing mortgage?

On One Hand: The Hard WayIf your credit history and financial situation are good enough, you can qualify for a mortgage on a second property. This will work just as if you were buying a second home... Read More »

What Do Mortgage Companies Charge When a Home Mortgage Is Paid Off?

Selling or refinancing a home usually involves paying off an existing mortgage. In calculating a payoff, which will satisfy and zero out the balance, all unpaid fees and interest must be included, ... Read More »