The sub prime mortgage crisis and falling property values have left many home owners across the country in desperate need of some adjustable mortgage help.While many of these borrowers need assistance many just do not know where to turn or who to call in order to save their homes.How To Get Adjustable Mortgage HelpThe very [...]
Posts Tagged ‘Fixed Rate Loan’
Hybrid Home Equity Loans Changing the Face of Second Mortgages
Posted by admin on March 29th, 2010
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 [...]
What Is A Second Mortgage?
Posted by admin on December 4th, 2009
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender’s lien, hence the term second mortgage.A second mortgage is [...]
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