Tag Archives: Loan Type

Does anyone understand this home loan?

Posted on June 17, 2010 by admin

kiwi asked: I have no clue but friend wants to know first loan is fixed equity loan at 9.850 (104000) second loan is conventional is conventional at 9.3 (26,00) Is this typical? Are the loans both fixed? Should he be … Continue reading →

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Senior Reverse Mortgage – A Way to Use Your Home Equity

Posted on April 30, 2010 by admin

Juhani Tontti asked: The target group of the senior reverse mortgage are seniors, who are cash poor but equity rich. They have paid the most part of their mortgages during many years but then for some reason, their financial situation … Continue reading →

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Home Equity Loan – Understanding the Basics of Home Equity Mortgage

Posted on November 23, 2009 by admin

Julian Lim asked: A discussion of the nature, benefits and operational methods of a home equity loan in simple, easy to understand language is helpful in deciding whether or not such a home equity mortgage should be acquired.A home equity … Continue reading →

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Home Equity Loan – Understanding the Basics of Home Equity Mortgage

Posted on September 3, 2009 by admin

Julian Lim asked:   A home equity loan or home equity mortgage is an effective second mortgage on your home, taken out after you have developed some equity in your home. For example, if you purchase a home for $200,000 and … Continue reading →

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