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Tag Archives: Mortgage Interest
Can I use equity in a 2nd home to lower my primary home’s mortgage principal?
mckgolfman m asked: I have a condo that I rent out and I have a line of credit that is at a lower interest rate than my mortgage. I am thinking about taking out some of that money to lower … Continue reading
Should I stay away from a second mortgage interest only loan?
dwanal asked: I’ve been approved for a 1st mortgage at a fixed rate of 7.38 and a 2n mortgage interest only at 10.425. This loan is for an investment property. I’ve been told that the 2nd loan is Home equity … Continue reading
What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing?
costumes.us.com asked: I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.THEODORE