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 ‘Home Equity Loan’
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 »The Facts About Second Mortgages
Posted by admin on January 2nd, 2010
Your home: It’s probably your biggest asset. Having a home to back you up when you need a loan is one of the greatest advantages of home ownership. In recent years, there has been a major increase in the amount of people looking to use their homes as a way to get access to extra [...]
Posted in Article Tags: Amount Of People, Amount Of Time, Credit Cards, Eq, Equity Line Of Credit, Extra Money, First Mortgage, Home Equity Line, Home Equity Line Of Credit, Home Equity Loan, Home Ownership, Home Renovations, Interest Rates, Mortgage Balance, Original Mortgage, Rates Mortgage, Second Mortgage, Second Mortgages, Sum Of Money, Time And Money No Comments »