Tag Archives: Fixed Mortgage

I have a 30 yr. fixed 1st mortgage of 160K at 5.875% and a 20 yr. fixed 2nd mortgage of 40k at 9.00% since ’03

Spaghetti asked: I’ve bought it in April of 2003 in Kihei,HI at 201K.The value of the condo now (Feb.’08) is approx. $350K or even higher.Now,what I would like to do is either combine the 2 mortgages into one or pay … Continue reading

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Home Equity Loans to 125%: How Fixed Rate Second Mortgage can save

asked: Clifford

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I have a 30 yr. fixed 1st mortgage of 160K at 5.875% and a 20 yr. fixed 2nd mortgage of 40k at 9.00% since ’03

Spaghetti asked: I’ve bought it in April of 2003 in Kihei,HI at 201K.The value of the condo now (Feb.’08) is approx. $350K.Now,what I would like to do is either combine the 2 mortgages into one or pay off the 2nd … Continue reading

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Fixed or ARM rates Mortgage?

SanRosejha asked: excuse my ignorance, what do they mean when they talk about fixed and ARM rates? And also, we have a balance of $14,000 on a Mortgage with a maturity date of 8/2014, we are planning to get a … Continue reading

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Difference Between A Cash Out Mortgage And A Home Equity Loan?

Joseph Kenny asked: When you need the cash out of the equity of your home you may wonder which one is better for you – a cash out mortgage or a home equity loan. The truth is that both have … Continue reading

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Refinancing Your Mortgage Or A Home Equity Loan – Which Is Better?

Joseph Kenny asked: When it comes time to get the money you need to renovate your home, you have some choices to make concerning the financing of it. Both ways, either refinancing your first mortgage, or a home equity loan, … Continue reading

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When will we see the fixed loan mortgage rates come down as a result of the fed’s rate cut?

Pat asked: trying to figure out whens the best time to refinace or get a fixed home equity loan.CLIFF

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Interested in buying 10 acres of land. Currently have home with 30 yr fixed mortgage?

merc4sahge asked: Can refinance home to purchase land, should get home equity loan or should buy land seperately?EMILIO

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