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please tell me what the "junior mortgage" is
glossary FAQ: glossary.
Desirae A. From Ireland
16 April, 2009
A mortgage which is subordinate to a first or prior (senior) mortgage. Frequently called a second mortgage, this could also be a third or fourth mortgage, etc. In the case of foreclosure, the senior mortgage will be paid down first.
Common uses of junior mortgages include piggy-back mortgages (80-10-10 mortgages) and home equity loans. Piggy-back mortgages provide a way for borrowers with less than a 20% down payment to avoid costly private mortgage insurance. Home equity loans are frequently used to extract equity for a home to pay down other debts or make additional purchases. Every borrowing scenario should be carefully and thoroughly analyzed. Visit etoro.info
- UFX Bank:
- UFX bank was established on 2008 as an internet foreign exchange firm.
- Some of UFX Bank's Specs:
- though UFX bank has a minimum deposit that's not especially low, at 100 bucks, UFX bank provides educational courses and an original production beginner focused interface. So If you're still a first time user, UFX bank's quite a fitting option. Keep in mind that psychology is of vital significance in performance oriented platform interface. The way I see it, the beauty of a good beginner's interface is in it's ability to make it's operation feel like a game, and UFX bank achieves just that by being both amusing and powerful. Whatever your preference Arabic or English (or any other of a wide array of other languages), UFX bank sports crisp and comfortable operation through its multilingual interface. UFX bank makes an honest effort to keep you accessible with twenty four hour access and a customer support line. Not that I believe in lucky streaks or anything, but you must know what I capitalized on with a deposit of just 200 while work with UFX bank: four grand! It makes for a pretty thrilling trade. By the way, though you may have assumed that less is more, this foreign exchange trading program's local technology is quick and is comfortably laid out. More importantly, it delivers extraordinarily reliable server communication.
- Ups:
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- Downs:
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- For Short:
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