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 their first loan.” Since this was the largest increase since 1990, and the Fed continues to increase key [...]
Posts Tagged ‘Credit Card Debt’
Hybrid Home Equity Loans Changing the Face of Second Mortgages
Posted by admin on March 29th, 2010
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Tags: Consolidating Credit Card Debt, Convertible Equity, Credit Card Debt, Equity Credit Lines, First Mortgage, Fixed Rate Loan, Home Equity Loan, Home Equity Loans, Home Equity Products, Home Improvements, Laguna Beach California, Mortgage Products, Nationwide Mortgage, Nelms, Pool And Spa, Real Estate Investor, Second Mortgages, Subordinate Financing, Unused Portions, World War Ii 
No Comments »State Fee Limits for Second Mortgages in California
Posted by admin on January 14th, 2010
Everywhere you go, advocacy groups are urging stricter laws on non-conforming 2nd mortgages and home equity loans. Sub-prime mortgages are likely to be more costly than “A -paper” loans, but they are intended for borrowers who pose a greater risk to lenders. In most cases they are considered non-conforming because of the lack of credit [...]
Posted in Article Tags: 2nd Mortgages, Advocacy Groups, Annual Percentage Rate, California Homeowners, Credit Card Debt, Debt Consol, Deed Of Trust, Fico Scores, Financial Decisions, Home Equity Loans, Loan Balance, Mortgage Interest Rates, New Laws, Percentage Points, Predatory Lending Laws, Second Mortgage, Second Mortgages, Sub Prime Loans, Sub Prime Mortgages, Treasury Securities No Comments »Home Equity and Second Mortgage Loan Options for Cash or Debt Refinancing
Posted by admin on December 12th, 2009
If you are a consumer who owns a home, then you might be tired of getting mortgage solicitations to refinance your mortgage. Most likely, you are a savvy homeowner who locked into a 30-year mortgage a few years at 5% with a fixed interest rate loan. You may be wondering why these mortgage lenders and [...]
Posted in Article Tags: 30 Year Mortgage, Credit Card Debt, Crystal Balls, Direct Mail, Equity Line Of Credit, Finance Vehicles, Financial Hardships, Fixed Rate Second Mortgage, Home Equity Credit, Home Equity Line, Home Equity Line Of Credit, Home Equity Lines, Home Equity Lines Of Credit, Low Interest Mortgage, Mail Campaigns, Mortgage Companies, Mortgage Lenders, Mortgage Loan Options, Needing Cash, Rate Mortgage No Comments »