Mortgage Types & Features
To take over (the debts of another person) as one's own. Borrowers will assume the existing mortgage on the home they are purchasing. This t...
Cash Back Mortgage
This product grants you a percentage of the to-be-bought home as cash in advance and can be used for anything excluding the down payment. Th...
With this type of loan agreement, your lender can grant you additional funds as your home value increases without demanding to refinance you...
A convertible mortgage implies that some short-term mortgages can be extended to a longer term. Once the mortgage is converted, the interest...
Home Equity Line Of Credit (HELOC)
Home Equity Line Of Credit is a useful short-term financing alternative for people who can repay the interest and loan in the near future. C...
This type of mortgage is usually insufficiently promoted and moreover, misunderstood. It's a type of adjustable-rate or tracker mortgage tha...
You don't always have to repeat the process. If you move to a new home so could your mortgage and you could feasibly retain the sa...
Also perceived as a home equity conversion mortgages, are mortgages that allow you to convert the equity in their home into tax-free cash wh...
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