real estate finance - full book (500 pgs)

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Unformatted text preview: g School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities TABLE OF CONTENTS WHEN YOUR HOME IS ON THE LINE ................................................................. 15-8 What You Should Know about Home Equity Lines of Credit ............................. 15-8 What is a Home Equity Line of Credit? .............................................................. 15-9 What should you look for when shopping for a plan? ...................................... 15-10 Costs to Obtain a Home Equity Line................................................................ 15-10 How will you repay your Home Equity Plan? ................................................... 15-11 Comparing a line of credit and a traditional second mortgage loan ................. 15-12 SHOPPING FOR THE LOAN............................................................................... 15-13 How to Select a Lender? ................................................................................. 15-13 Institutional ...................................................................................................... 15-15 Mortgage Companies ...................................................................................... 15-15 Portfolio Lenders.............................................................................................. 15-17 What kind of Loan?.......................................................................................... 15-18 Selection of a Conventional Lender ................................................................. 15-19 QUESTIONS FOR THE BORROWER TO ASK................................................... 15-22 Lender's Questions.......................................................................................... 15-22 Borrower's Questions ...................................................................................... 15-22 Chapter Quiz ..................................................................................
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