Tag Archives: Mortgage Loan

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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Choosing Between a Second Mortgage and a Home Equity Loan

Joseph Kenny asked: There are some alternatives available to the homeowner who needs financial help but does not want to refinance their present mortgage. There are however, at least two main options if some sort of equity loan is desired. … Continue reading

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Reverse Home Mortgage – Put Your Equity to Work For You

Addison Clark asked: A reverse home mortgage is a loan that has features that make it reverse of the traditional loan. Instead of having to make monthly payments on a mortgage, you can receive payments. Instead of having to turn … Continue reading

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Mortgage loan

lender2014 asked: www.lendinguniverse.com mortgage loan,hard money lending , bad credit mortgage , small business loan and find mortgage , equity home loans. Illinois hard money , best mortgage , home equity loans , Iowa hard money , home equity loan … Continue reading

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Can we bankrupt an equity loan w/o losing our house. Both are by the same bank.Wells Fargo?

Fennis asked: Wife and I took out a 50g equity loan over 4.5 yrs ago. At the time we both worked for a big company. We never thought we would both lose these jobs less than a year apart.( My … Continue reading

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What is the difference between refinancing a mortagage and getting a home equity line of credit?

Lizzie asked: My home has appreciated significantly, and I’m looking to pay off my current adjustable rate mortgage and get a fixed rate loan at a lower interest rate, as well as extra money to fix it up and pay … Continue reading

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I have a mortgage and a equity loan on my condo. I owe more than it is currently worth. should I forclose?

JB 007 asked: A friend tells me to just foreclose … but I want to keep a roof over my head … All my earnings are going into the home, there is no savings and I just lost my job!Lynn

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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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My mom is in a middle of a divorce and stuck with a huge mortgage, what should she do?

vandit asked: Mother is in middle of divorce, may be stuck with a huge mortgage + HELOC loan attached. The home has no equity left, since they’ve refinanced twice (big mistake) in the past plus sinking home prices. As far … Continue reading

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Low Home Mortgage Equity Loan Rates are Obtainable

Josh Spaulding asked: One of the benefits to purchasing a home is developing a strong financial portfolio. As you make payments on your home, you are building up equity in a property that you can use a later date if … Continue reading

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