Tag Archives: First Mortgage

Easy Money – 2nd Mortgage Loans

Iyke Phelim asked: At one point or the other you may discover that you need to make additions to your home, get money to finance a much desired vacation or buy a new and admired car. This will mean that … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment

Why Second Mortgage Rates Are Higher for Home Equity Loans than 1st Mortgages

Maria Ny asked: Home equity is the difference between what you owe on your mortgage and the fair market value of your home. Cashing out on home equity for debt consolidation is continuing to gain popularity. The typical way to … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , | Leave a comment

Second Mortgage Loans Vs Home Equity Loans

Amy Shan asked: It’s not surprising that some homeowners confuse the terms “second mortgage” and “home equity loan.” After all, a second mortgage is a type of home equity loan. But more often than not, home equity loan is used … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , | Leave a comment

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

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 , , , , , , , , , , , , , , | Leave a comment

Is it OK to get loan for more than the purchase price of a house, as long as it’s not over the house value?

Ron S asked: I am buying a house from a relative for $200k. The property appraised for $270,000; they’re selling to me for $200k since I am a relative, and the property is paid off so it’s basically $200k in … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , | 6 Comments

How can i get rid of my home equity line of credit?

Ash asked: I have done loan modification with my first mortgage.Marian

Posted in Personal Finance | Tagged , , , , , | 1 Comment

Should You Take Second Mortgage or Home Equity Loans

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 , , , , , , , , , , , , , , | Leave a comment

Colorado Home Equity Loans

Renold asked: Hi all,I want to share some information with you regarding the benifits of colorado home equity loans.Home equity loans are considered secured loans. A Colorado home equity loan will both allow you to access your home’s equity as … Continue reading

Posted in Mortgage | Tagged , , , , , , , , , , , , , , | Leave a comment

Home Equity Loan – Understanding the Basics and Advantages

Alan Lim asked: You may have heard the term home equity loan but are not really sure whether this type of loan will work for you. The first step is to understand the concept of home equity. Equity is the … Continue reading

Posted in Loans | Tagged , , , , , , , , , , , , , , | Leave a comment

Found a home that has equity is there a lender that will do first mortgage and debt consolidation in one loan

Kim asked: I have debt that I want to consolidate into a home purchase, since I found a home that is priced well below appraised value. Since there is already equity is there a lender that will do a first … Continue reading

Posted in Personal Finance | Tagged , , , , , , | 3 Comments