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What is the difference between a Conventional mortgage and a collateral mortgage?
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What is the difference between collateral and mortgage?
Typically a mortgage is a loan secured by real property (land!) and collateral is personal property (jewels, bonds, valuables, etc.) used to secure a loan.
What is the difference between a Conventional and an FHA Mortgage?
FHA loan requires 3% down.
Is there a difference between jumbo mortgage rates and the rates of a conventional mortgage?
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
What is the difference with primary market mortgage and secondary market mortgage?
The Primary Mortgage is that relationship that exists between a lender and a potential borrower. on the other hand, the Secondary Mortgage Market is the relationship that exists after the loan is closed and the lender markets the collateral of that loan for sale to an investor.
What is the difference between collateral and pledge?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
What is the difference between a full discharge of mortgage and a discharge of mortgage?
It appears both documents have the same effect. But if you are referring to having your mortgage discharged, but you did not pay off the loan in full, it may mean that you still have an outstanding debt, but it is no longer secured by your propery (real estate) as its collateral.
What is the difference between VA mortgage loan interest rate and conventional rates?
VA rates are about the same as FHA. FHA is about the same as conventional or within .25% of conventional. The key with VA is that you don't have any mortgage insurance premiums as you would with FHA and conventional loans when putting a downpayment of less than 20% when purchasing a home. VA is also a zero downpayment loan.
What is the difference between collateral and pledge in the following sentence. Secured bonds are backed by a pledge of collateral?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What is the difference between the conventional method of dimensioning and the baseline method of dimensiong?
What is the difference between the conventional method of dimensioning and the baseline method of dimension
Difference between conventional and non conventional resource of energy?
The difference between conventional and non conventional energy resources is that conventional energy resources are much more common. An example of a conventional energy resource would be oil, a non conventional energy resource would be solar power.
Difference between conventional programming and object oriented programming?
diff between oops and conventional programming
