Question

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

Answer 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 »
http://www.answerbag.com/q_view/1981421

Top Q&A For: What is the difference between a mortgage and a...

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 »
http://www.answerbag.com/q_view/2063146

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 »
http://www.ehow.com/about_6369767_do-home-mortgage-paid-off_.html

Is a home equity mortgage the same as a second mortgage?

Yes, a home equity loan IS a 2nd mortgage.Some people however, consider a "2nd mortgage" to be a closed-end fixed rate lump sum loan. While a "line of credit" is revolving and can be used over and... Read More »
http://answers.yahoo.com//question/index?qid=20070808053655AAVYJGq

Can a home owners association foreclose on a home in Florida without informing the mortgage company?

Foreclosure is a legal process whereby all interested parties are included, or the foreclosure procedure cannot be completed. If you believe that your association is foreclosing on your title, and ... Read More »
http://wiki.answers.com/Q/Can_a_home_owners_association_foreclose_on_a_home_in_Florida_...


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