Tag Archives: Second Mortgage

Home Equity Loan: Second Mortgage Loan Advantages

Louie Latour asked: If you are a homeowner considering a home equity loan, a second mortgage might be a better choice than a home equity line of credit. Second mortgages have several advantages in today’s economy. Here are the basics … 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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Should I raise the equity limit on my second mortgage loan or just refinance?

I M asked: I want to purchase a home in San Diego, but I have limited income. My current first loan (70,000) is a VA loan, and I have a second ($3000). I only have $5000 on hand for a … Continue reading

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Should You Take Second Mortgage or Home Equity Loans

Natalie Aranda asked: You need to use your house as equity to get some extra cash. However, you don’t know whether you should take out a second mortgage or a home equity loan. What’s the difference anyway? Wouldn’t Utah home … Continue reading

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Key Mortgage Loan Terms

Sandy Sarconi asked: It is suggested that you get to know these key mortgage terms before you purchase a home refinance your current loan, or take out a second mortgage. Understanding these terms can help you find the right loan … Continue reading

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Bad Credit Home Equity Loans – for Adverse Circumstances

Johns Tiel asked:  Now that market price of your home has substantially gone up and in the mean time you have repaid a larger part of the loan that you took to buy the dwelling place, you would like to … Continue reading

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The Discussion Between Second Mortgages and Home Equity Loans

Calvin Leonard asked: The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. Now when … Continue reading

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Top 2 Reasons To Use Home Equity Loans For Debt Consolidation

Susan Jan asked: Generations past used to enjoy tax benefits on their interest payments on certain loans such as consumer loans. Unfortunately, these tax benefits did not extend to this current generation, and even as we cough up a huge … Continue reading

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Should I take out another home loan?

rollsrock18 asked: I’m trying to make a financially sound move, deciding whether or not I should take a second mortgage or home equity loan against the equity in my house. Here’s the scenario: 670 median credit score, debt to income … Continue reading

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Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages?

itsjunglepat asked: I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan? Are we saying that a home … Continue reading

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