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Silent Second Mortgage Definition | Investopedia
However, you can't acquire the necessary funds for the down payment, so you decide to take a silent second mortgage of $40000. The original lender believes .
http://www.investopedia.com/terms/s/silent_second_mortgage.asp
Why should I buy life insurance?
Mortgage Banker Definition | Investopedia
A secondary mortgage placed on an asset that is not disclosed to the lender of the original loan. Silent second mortgages are used when a purchaser can't .
http://www.investopedia.com/terms/m/mortgagebanker.asp
- Replace income for dependents
Silent Second Mortgages - The Mortgage Professor
To make the deal work, the seller agrees to accept a silent second mortgage for $15000. As far as the first mortgage lender knows, the down payment is $20000, .
http://www.mtgprofessor.com/silent_second_mortgages.htmWhy 'silent' Second Mortgages Are So Risky - ReallyGreatRate.com ...
To make the deal work, the seller agrees to accept a silent second mortgage for $15000. As far as the first mortgage lender knows, the down payment is $20000, .
http://www.reallygreatrate.com/mortgagenews/Why_silent_second_mortgages_are_so_risky.htm
- Pay final expenses
What Is a Silent Mortgage? | eHow.com
A silent mortgage generally refers to a second loan taken out to cover part of the cost of the mortgage but not disclosed to the main mortgage lender.
http://www.ehow.com/facts_5873502_silent-mortgage_.html
- Create an inheritance for your heirs
Silence of the Lenders - Is Anyone Listening? - NYTimes.com
Jul 13, 2008 . DAN A. BAILEY JR. was desperate when he sat down on May 19 to send an e- mail message to his mortgage lender, the Countrywide Financial .
http://www.nytimes.com/2008/07/13/business/13mail.html?pagewanted=all
- Pay federal “death” taxes and state “death” taxes
CalHFA
If you obtain a CalHFA for 96.5% of the purchase price, and a CHDAP second mortgage (one of the silent second mortgage types of loans), you can add the .
http://www.affordableloansbykevin.com/CalHFA.htmlUnderstanding Mortgage Fraud - Total Bankruptcy
Silent Second Mortgage: A borrower who can't afford the down payment on a house is given a separate loan by a second lender; the primary lender knows .
http://www.totalbankruptcy.com/overview/financial-literacy/mortgage/fraud.aspx
- Make significant charitable contributions
Mortgage Assistance | Regional Housing Alliance of La Plata County
In cooperation with the La Plata Homes Fund (LPHF), the RHA provides two second mortgage products: 1) silent second mortgage loans beginning at $10000 .
http://www.rhalpc.org/homebuyers/mortgage-assistance
- Create a source of savings
Why a silent second lien is dangerous for lenders - Mortgage Answers
Even though a silent second lien can be used with success in certain government sponsored programs, most often the usage of a silent second mortgage is .
http://www.mortgageqna.com/second-mortgage/silent-second-lien.htmlsilent second financial definition of silent second. silent second ...
They are called silent because the first lender does not know about the second mortgage and might not have approved the first mortgage if it had known the .
http://financial-dictionary.thefreedictionary.com/silent+second
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