Many people think of a second mortgage as a fixed interest, lump sum loan. However, that is only one form of a second mortgage. A second mortgage is actually ANY secondary lien on your home–secured loan with your home pledged as collateral. Second mortgages are typically categorized as fixed mortgage rate home equity installment loans [...]
Posts Tagged ‘Home Equity Loans’
Fixed Rate Home Equity Loan Versus Adjustable HELOC: Comparing 2nd Mortgage Loans
Posted by admin on December 19th, 2009
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Tags: 2nd Mortgage Loans, Adjustable Rate Mortgages, Annual Percentage Rate, Equity Line Of Credit, Fixed Mortgage Rate, Fixed Rate Home Equity Loan, Helocs, Home Equity Line, Home Equity Line Of Credit, Home Equity Lines, Home Equity Lines Of Credit, Home Equity Loan, Home Equity Loans, Home Secured Loan, Installment Loans, Interest Rate Changes, Rate Home Equity, Treasury Bill Rate, U S Treasury, Variable Rate Loan 
No Comments »Why Second Mortgage Rates Are Higher for Home Equity Loans than 1st Mortgages
Posted by admin on November 22nd, 2009
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 cash out on home equity is to either refinance an existing first mortgage or take out a second [...]
Posted in Article Tags: Amount Of Money, Annual Percentage Rate, Attractive Interest Rates, Best Bet, Debt Consolidation, First Mortgage, Helocs, Home Equity Lines, Home Equity Lines Of Credit, Home Equity Loan, Home Equity Loans, Installment Loan, Mid 1980s, Mortgage Loans, Personal Debt, Property Values, Risk Lenders, Second Mortgage Rates, Second Mortgages, Tax Deductibility No Comments »Second Mortgage Loans Vs Home Equity Loans
Posted by admin on November 18th, 2009
It’s not surprising that some homeowners confuse the terms “second mortgage” and “home equity loan.” After all, a second mortgage is a type of home equity loan. But more often than not, home equity loan is used to describe a home equity line of credit, or HELOC. If you want to take advantage of the [...]
Posted in Article Tags: Advantage, Creditworthiness, Equity Line Of Credit, First Mortgage, Heloc, Home Equity Line, Home Equity Line Of Credit, Home Equity Loan, Home Equity Loans, Lenders, Mortgage Loan, Mortgage Refinancing, Mortgages, Perimeter, Profit Ratio, Refinancing Mortgage, Second Mortgage Loans, Sum Of Money, Tally No Comments »