First mortgage vs home equity loan or equity line of credit?

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Would a cash purchase followed by Hel or Heloc have any advantage over a traditional mortgage when it comes to fee’s, points,rates and any other associated costs.

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    April 30, 2011 at 11:57 pm

    Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

    A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

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