ct home equity loan rate
a secured loan (or mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. ct home equity loan rate real estate, a property can have multiple loans against it. The loan which is registered with county or city registry first is called the first mortgage. The loan registered second is called the second mortgage. A property can have a third or even fourth mortgage, but those are rarer. Second mortgages are called subordinate because, if the loan goes ct home equity loan rate default, the first mortgage gets paid off first before the second mortgage ct home equity loan rate any money. Thus, second mortgages are riskier for the lender, who generally charges a higher interest rate. Almost 36 million taxpayers claimed the deduction in 2003, according to the most recent statistics compiled by the Internal Revenue
ct home equity loan rate
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