What is the definition on a home mortgage between apr&rate?

Answer When you take out a home mortgage, you may see two percentages listed: the APR, or annual percentage rate, and the interest rate. Know what these mean can help you get a better idea of what you wil... Read More »

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What is the difference between a mortgage and a home equity loan?

Mortgages and home equity loans both use the value of your home to secure the loan. However, the functions of these loans differ.PurposeA mortgage is the original loan taken out to finance a home. ... Read More »

Mortgage Definition of a Second Home?

Buying a second home provides a dream getaway location for many families, particularly locations on the coast or in the mountains away from the routine of daily life. However, new buyers need to un... Read More »

What is the difference between a mortgage and a second mortgage?

A mortgage is a home loan. There are numerous types of home loans. However, the two most often procured are first and second mortgages. Each type of mortgage has different rules and regulations.Sig... 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 »