Tag Archives: Second Mortgages

2nd Mortgage after Bankruptcy: How to Qualify for a Competitive Home Equity Loan

Louie Latour asked: Taking out a second mortgage after a bankruptcy can help you reestablish your credit. Because your home is used as collateral, you will have a much easier time qualifying for decent interest rates when you have bad … Continue reading

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Why Second Mortgage Rates Are Higher for Home Equity Loans than 1st Mortgages

Maria Ny asked: Home equity is the difference between what you owe on your mortgage and the fair market value of your home. Cashing out on home equity for debt consolidation is continuing to gain popularity. The typical way to … Continue reading

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Hybrid Home Equity Loans Changing the Face of Second Mortgages

Lynda Nelms asked: Applications for home equity loans and second mortgages recently hit a 15 year high. According to Freddie Mac, “88% of homeowners who refinance their homes in the 1st quarter got a mortgage at least 5% larger than … Continue reading

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Second Mortgage Loans: The Junior Lien Expert for Home Equity

Sandy Sarconi asked: People across the nation are searching for alternative financing solutions for home refinancing, because more likely than not they are already locked into a great rate for thirty years. Take a look at the mortgage refinance loan’s … Continue reading

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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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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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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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Colorado Home Equity Loans

Renold asked: Hi all,I want to share some information with you regarding the benifits of colorado home equity loans.Home equity loans are considered secured loans. A Colorado home equity loan will both allow you to access your home’s equity as … Continue reading

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Home Equity Loans – Carved Out for Cheap Rate Finance

George Kane asked: Are you a homeowner and looking for a new loan against your home at low rate? If it is so then go nowhere. Over the years your home value has gone up substantially and so has its … Continue reading

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Refinance Both Your Home Loan and Home Equity Loan

Melissa Kellett asked: If you have a mortgage loan and you have requested a home equity loan too, you can refinance both loans and get a single loan and a single monthly payment with the same or better terms than … Continue reading

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