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Home Insurance
Home insurance is insurance on the policyholder's home. Primary residences as well as vacation homes can be insured through home insurance. For home insurance purposes, a home can be a freestanding structure, a trailer, a houseboat, an apartment, or any other place where the policyholder may live. A home insurance policy covers damage done to the building itself, by weather or other acts of nature as well as due to vandalism. Home insurance may also cover dep...Second mortgage
A secured loan (or mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence.In real estate, a property can have multiple loans against it. The loan which is registered with county or city registry first is called the first mortgage. The loan registered second is called the second mortgage. A property can have a third or even fourth ...What is a bridge loan?
It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on the property you are selling. This loan basically enables you to have a place to live after the closing on the old home. The key to a bridge loan is having a qu...Mortgage Applications Fall in Latest Week
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as refinancing activity slumped and mortgage rates were little changed, an industry group said on Wednesday. But analysts said the U.S. housing market remains strong. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity declined 1.7 percent to 677.4 in the week ended Dec. 24, after remaining steady in the MBA's prior survey....blanket mortgage
A blanket loan, or blanket mortgage, is a mortgage lient securing several parcels of property, frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels. The developer normal requires a 'partial release' clause so that individual parcels can be released from the blanket mortgage as they are sold....For more information about home mortgage: .
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