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 [...]
Posts Tagged ‘Second Mortgage’
State Fee Limits for Second Mortgages in California
Posted by admin on January 14th, 2010
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 »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 »Creative Real Estate Investing Mortgage
Posted by admin on January 8th, 2010
When I bought my first property back in the 80′s you basically had to have about 20% down in cash and get a mortgage from the bank for the other 80%. Of coarse you could put more than 20$down if you had it but that was about the minimum banks and insurance companies would settle [...]
Posted in Article Tags: Asking Price, Banks, Condos, Creative Options, Creative Real Estate, Insurance Companies, Interest Rate, Investment Property, Lenders, Mortgage Bank, New Developments, Planned Communities, Pre Construction, Private Mortgage Insurance, Profits, Quick Profit, S Market, Second Mortgage, Value Ratio, Variations No Comments »