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 ‘First Mortgage’
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 »Home Equity Loan Advice: Why Home Equity Rates Are Higher Than 1st Mortgage Interest Rates
Posted by admin on February 27th, 2010
Mortgage refinancing can make good sense if you want to make improvements on the house, pay those college fees, or pay-down higher-interest loans. As property prices have gone up and up, homeowners often find they have more equity than they ever dreamed of when they first bought. Richard Syron, CEO and Chairman of the Federal [...]
Posted in Article Tags: Apples And Oranges, Chief Economist, Countless Children, Equity Accounts, Federal Home Loan, Federal Home Loan Mortgage, Federal Home Loan Mortgage Corporation, First Mortgage, Freddie Mac, Home Equity Loan, Home Equity Loans, Home Equity Rates, Home Loan Mortgage, Home Loan Mortgage Corporation, Interest Loans, Loan Advice, Mortgage Interest Rates, Mortgage Packages, Mortgage Refinancing, Richard Syron No Comments »Your Options When You Missed Two Mortgage Payments
Posted by admin on January 12th, 2010
Home owners across the country are facing adjustable rate mortgages that having increasing payments that make on time payments next to impossible to make. If you are a home owner that is facing this stress because you missed two or more mortgage payments you need to be aware of how serious of a problem you [...]
Posted in Article Tags: Adjustable Mortgage, Adjustable Rate Mortgages, Conforming Mortgage, Extreme Option, First Mortgage, Fixed Rate Mortgage, Late Payments, Loan Modification, Mortgage Holder, Mortgage Lender, Mortgage Payment, Mortgage Payments, Rate Increases, Repayment Plan, Safe Zone, Second Mortgage, Sub Prime Crisis, Sub Prime Lenders, Sub Prime Mortgage, Time Payments No Comments »