Tag Archives: difference

What is the difference between an equity loan and a 2nd mortgage? Do they both have closing costs?

What is the difference between an equity loan and a 2nd mortgage? Do they both have closing costs?

What is the difference between a repossession and a foreclosure? (for a modular home in a park)?

The house is in a park, not on private land. It’s a big one, 2400 sq.ft. I am current with the payments, but my job is making me move 500 miles away, I won’t be able to make payments on 2 homes. Is it better that they repossess it or foreclose? It’s for sale but the market doesn’t look good, homes have been for sale there for over 4-5 yrs. Renting is out of the question, I can’t afford the insurance they charge for a rental modular, and I don’t want it destroyed by the kind of tennants it would draw.

what exactly does a bachelor apt consist of? and what about a single apt? what is the difference?

i am looking to find a new apartment to rent, and i see ads for bachelor, single, studio. what are the difference between those kinds? is a single the same as a 1 bedroom?
thanks!
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Whats the difference between an adjustable rate mortgage and a fixed mortgage? Benefits and pitfalls?

Whats the difference between an adjustable rate mortgage and a fixed mortgage? Benefits and pitfalls?

what’s the difference between “mortgage bankers” and “commercial mortgage bankers”?

what’s the difference between “mortgage bankers” and “commercial mortgage bankers”?