When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. Open-ended mortgages: What are they and how do they work? - AOL

   www.aol.com/finance/open-ended-mortgages...

   Open-end mortgages work similar to a home equity line of credit, but you can only use the drawn funds for upgrades to your property. Few mortgage lenders offer open-end loans. There are other loan ...

3. A Guide to Open-End Mortgages - AOL

   www.aol.com/news/guide-open-end-mortgages...

   An open-end mortgage allows you to borrow additional money on the same loan at a later date. An open-end mortgage blends some qualities of a traditional mortgage with some features of a home ...

4. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (a.k.a. a home equity line of credit (HELOC)). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage.

5. Adjustable-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Adjustable-rate_mortgage

   A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...

6. Shared appreciation mortgage - Wikipedia

   en.wikipedia.org/wiki/Shared_appreciation_mortgage

   To calculate the equivalent compound interest rate of a "zero-interest" shared-appreciation mortgage, i.e. the rate of the interest that would have been charged once a month on the amount owing, and added to the amount owing, so that at the end of the term of the loan, the amount owing would be the same as the repayment owing on a shared ...

7. How to write a letter of explanation for a mortgage - AOL

   www.aol.com/finance/write-letter-explanation...

   A mortgage lender might ask you to write a letter of explanation to better understand your finances when deciding whether to approve you for a loan. While your lender’s underwriting department ...