Category Archives: Real Estate

What Are the Home Equity Loan Rules in Texas?

Posted on August 4, 2010 by admin

Jon Spears asked: The state of Texas has some pretty interesting refinance rules. This is especially true when one wants to pull cash or equity out of their home.There are two types of mortgage refinances. The first type is called … Continue reading →

Posted in Real Estate | Tagged 100k, 15 Year Mortgage, Borrowers, Current Mortgage Rate, Dozens, Home Equity Loan, Home Loan, Home Loans, Loan Officer, Loan Rules, Mortgage Brokers, Mortgage Refinances, Refinance Loans, Rule Of Thumb, State Of Texas | Leave a comment

Zero Down Mortgage Loans for First Time Home Buyers

Posted on July 20, 2010 by admin

Mary Wise asked: Being a First Time Home Buyer can increase the difficulty in the process of obtaining finance, not only due to the lack of credit history that it implies but because of the inexperience and lack of knowledge … Continue reading →

Posted in Real Estate | Tagged Closing Costs, Credit History, Enough Money, Financial Consequences, First Time Home, First Time Home Buyer, First Time Home Buyers, Home Loans, Inexperience, Lack Of Knowledge, Lenders, Loan Pr, Mortgage Loans, Time Home Buyer, Time Home Buyers | Leave a comment

Do You Qualify for a Home Equity Loan?

Posted on July 6, 2010 by admin

Carrie Reeder asked: When you apply for a home equity loan, lenders consider your creditworthiness when deciding whether or not to extend a loan. Your creditworthiness is assessed based on three things: credit history, income, and loan-to-value ratio.Credit HistoryAs with … Continue reading →

Posted in Real Estate | Tagged Credit Card Debt, Credit History, Credit Rating, Creditworthiness, Current Mortgage, Current Value, Debt Loan, Debt To Income Ratio, Financial Obligations, Home Equity Loan, Income Loan, Loan Availability, Loan Interest Rates, Mortgage Balance, New Home Loan | Leave a comment

Home Equity Loan Advice: Why Home Equity Rates Are Higher Than 1st Mortgage Interest Rates

Posted on June 29, 2010 by admin

Katharine Norman asked: Mortgage refinancing can make good sense if you want to make improvements on the house, pay those college fees, or pay-down higher-interest loans. As property prices have gone up and up, homeowners often find they have more … Continue reading →

Posted in Real Estate | Tagged Countless Children, Equity Accounts, Federal Home Loan, Federal Home Loan Mortgage, Federal Home Loan Mortgage Corporation, First Mortgage, Home Equity Loan, Home Equity Rates, Home Loan Mortgage Corporation, Interest Loans, Loan Advice, Mortgage Interest Rates, Mortgage Packages, Mortgage Refinancing, Richard Syron | Leave a comment

Second Mortgage Loans: The Junior Lien Expert for Home Equity

Posted on June 20, 2010 by admin

Sandy Sarconi asked: People across the nation are searching for alternative financing solutions for home refinancing, because more likely than not they are already locked into a great rate for thirty years. Take a look at the mortgage refinance loan’s … Continue reading →

Posted in Real Estate | Tagged 2nd Mortgage Loans, Alternative Financing, Demand Elasticities, Financing Tools, Flexible Credit, Harvard Study, Harvard University, Housing Studies, Junior Lien, Little Brother, Pool Construction, Private Mortgage Insurance, Second Mortgage Loans, Second Mortgages, Senior Mortgage | Leave a comment

Home Equity Loan: Second Mortgage Loan Advantages

Posted on June 6, 2010 by admin

Louie Latour asked: If you are a homeowner considering a home equity loan, a second mortgage might be a better choice than a home equity line of credit. Second mortgages have several advantages in today’s economy. Here are the basics … Continue reading →

Posted in Real Estate | Tagged Debit Card, Equity Line Of Credit, Financial Situation, Free Mortgage, Home Equity Line Of Credit, Home Equity Lines, Home Equity Lines Of Credit, Home Equity Loan, Interest Rate Changes, Loan Interest Rates, Loan Mortgage, Loans, Second Mortgage, Second Mortgages, Variable Interest Rate | Leave a comment

Low Home Mortgage Equity Loan Rates are Obtainable

Posted on May 9, 2010 by admin

Josh Spaulding asked: One of the benefits to purchasing a home is developing a strong financial portfolio. As you make payments on your home, you are building up equity in a property that you can use a later date if … Continue reading →

Posted in Real Estate | Tagged Bankruptcy, Collateral, Credit Card Debt, Credit Score, Find Mortgage, Home Mortgage Equity, Lending Institution, Loan Rate, Loan Rates, Mortgage Broker, Mortgage Loan, Mortgage Rates, Second Mortgage, Several Steps, Worst Case Scenario | Leave a comment

Should You Take Second Mortgage or Home Equity Loans

Posted on May 1, 2010 by admin

Natalie Aranda asked: You need to use your house as equity to get some extra cash. However, you don’t know whether you should take out a second mortgage or a home equity loan. What’s the difference anyway? Wouldn’t Utah home … Continue reading →

Posted in Real Estate | Tagged 1980s, Equity Line Of Credit, Exact Moment, Extra Cash, First Mortgage, Fixed Rate Loan, Home Equity Line, Home Equity Line Of Credit, Home Equity Loan, Home Equity Loans, Home Mortgages, Right Decision, Second Mortgage, Sum Of Money, Utah Mortgages | Leave a comment

Key Mortgage Loan Terms

Posted on April 30, 2010 by admin

Sandy Sarconi asked: It is suggested that you get to know these key mortgage terms before you purchase a home refinance your current loan, or take out a second mortgage. Understanding these terms can help you find the right loan … Continue reading →

Posted in Real Estate | Tagged Adjustment Period, Amortization Term, Cost Of Borrowing, Effective Interest Rate, Federal Truth In Lending, Fixed Rate Mortgage, Key Mortgage, Liquid Assets, Mortgage Amortization, Mortgage Terms, Second Mortgage, True Interest, Truth In Lending, Truth In Lending Act, Year Fixed Rate Mortgage | Leave a comment

The Discussion Between Second Mortgages and Home Equity Loans

Posted on April 27, 2010 by admin

Calvin Leonard asked: The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. Now when … Continue reading →

Posted in Real Estate | Tagged Bad Credit Mortgage, Bad Credit Mortgage Loan, Debt Consolidation Mortgage, Home Equity Loan, Home Equity Loans, Lead Company, Loan Deals, Loan Lenders, Mortgage Company, Mortgage Home Equity, Mortgage Refinancing, Second Mortgage, Second Mortgages, Subprime Mortgage Loan, Third Mortgage | Leave a comment