Category Archives: Finance

Reverse Home Mortgage – Put Your Equity to Work For You

Addison Clark asked: A reverse home mortgage is a loan that has features that make it reverse of the traditional loan. Instead of having to make monthly payments on a mortgage, you can receive payments. Instead of having to turn … Continue reading

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Second Mortgage Loans Can Help You Consolidate Your Debt

Barry Byers asked: Second mortgage. The term used to have negative connotations – people with a second mortgage were assumed to have extreme financial difficulties and poor money management skills.That perception has changed for many reasons. Housing prices have reached … Continue reading

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Understanding the Home Equity Conversion Mortgage

Tony Newton asked: You’ve probably have heard of home equity conversion mortgage or HECM. This was introduced by the government through the Federal Housing Administration as a way to assist senior citizens to secure loans. This is a federally insured … Continue reading

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Negative Equity and the 125% Mortgage

Jay Tillotson asked: Back in 2007, a new mortgage appeared on the market which seemed like a godsend for first-time buyers – the 125% mortgage. The idea was that you could borrow the full cost of the property, plus 25% … Continue reading

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Which is Better – Home Equity Loan Or a No Cash Out Refinance?

Jon Spears asked: Every mortgage or refinance needs a target; something larger we’re trying to accomplish beyond just buying/refinancing a home or investment property. The best loan isn’t always the loan with the lowest rate, but the loan that helps … Continue reading

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Mortgage Loans – Getting 100 Percent Financing

Chimerenka Odimba asked: Usually when you want to get a house, you would need a five to ten percent down payment. So if you are getting a house worth $400,000.00, you would need between $20,000.00 and $40,000.00.A hundred percent financing … Continue reading

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Low Interest Home Equity Loans – Information On The 125 Percent Home Equity Mortgage Loan

Tim Gorman asked: Low interest home equity loans are the fastest, quickest and easiest way to obtain money. However, always be on the lookout for suspicious lenders of low interest loans. Home equity loans can substantially decrease your monthly payments. … Continue reading

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Equity Home Rates and Loan Negotiation

Timmy Deleu asked: Equity rates is a very difficult subject to most people and because taking a home loan is a very big and often life changing decision, hopefully this article can help you get a better understanding about home … Continue reading

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Hybrid Home Equity Loans Changing the Face of Second Mortgages

Lynda Nelms asked: Applications for home equity loans and second mortgages recently hit a 15 year high. According to Freddie Mac, “88% of homeowners who refinance their homes in the 1st quarter got a mortgage at least 5% larger than … Continue reading

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Different Types Of Home Loans – 7 Different Types Of Home Loans

Gressly Stevens asked: Are you looking for a home loan, but you are not sure which one is right for you? There are many different types of home loans and it can be very confusing to try to pick the … Continue reading

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