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What are the mortgage terms?

April 26, 2017mortgage terms

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What are the mortgage terms?

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Owner Occupied housing units Mortgages Currently on Property 25,020,000 None, owned free and clear/1 47,000 Reverse mortgage 45,471,000 Regular and/or home-equity mortgage 2/ 42,261,000 Regular Mortgage 3,791,000 Home-equity lump sum mortgage 7,217,000 Home-equity line of credit 1,700,000 Line of credit not reported, no regular or lump sum Number of Regular Mortgages and Home Equity Mortgages 33,429,000 1 mortgage 8,127,000 2 mortgages 855,000 3 mortgages or more 4,760,000 Number not reported Types of Mortgages 2,374,000 Regular and home-equity lump sum 451,000 With home-equity line of credit 1,902,000 No home-equity line of credit 21,000 Home-equity line of credit not reported 39,887,000 Regular, no home-equity lump sum 4,703,000 With home-equity line of credit 32,205,000 No home-equity line of credit 2,980,000 Home-equity line of credit not reported 1,418,000 Home-equity lump sum, no regular 271,000 With home-equity line of credit 1,123,000 No home-equity line of credit 24,000 Home-e