Tag Archives: Lenders

The Difference Between Home Equity Loans and Home Equity Line of Credit

Connie Barker asked: Using your home equity is a very savvy way to borrow large sums of money at a very low cost. While there are different types of loan products that lenders offer, the two most common and popular … Continue reading

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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

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Zero Down Mortgage Loans for First Time Home Buyers

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

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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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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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How Your Credit (FICO) Score Affects Home Mortgage Loans

Bryn Andrews asked: What Is FICO?One of the finance options you have for buying a home is through home mortgage loans. There are many companies offering you home mortgage loans where different companies have different terms and policies to be … Continue reading

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How to Refinance Home Mortgage Loans

Juhani Tontti asked: Actually, when people want refinancing home mortgage loans, they have to pay away their old loans. They have to present their mortgage companies the so called pertinent documents, so that the companies can process the applications. The … Continue reading

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Is it possible to get a home equity loan on a home that we have listed for sale on the MLS?

knucklenuck asked: We built a home to sell or rent and own it outright. We’d like to tap into some of the equity on the home but Countrywide (where we have the mortgage on our main home) has said that … Continue reading

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Guide to Refinancing Through a Home Equity Loan

Alan Lim asked: A home equity loan is an excellent option to go for if you want to find a solution to your mind-blowing financial problems. If you have bought your home and have been paying for your mortgage for … Continue reading

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How does a home equity loan work?

CS asked: I have about 30K in equity. Like to do some home improvements. Current mortgage each month is 1200.00. How does the loan work in conjunction with the monthly payment? Is it seperate, bundled into the payment, etc? Is … Continue reading

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