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 ‘Second Mortgages’
Hybrid Home Equity Loans Changing the Face of Second Mortgages
Posted by admin on March 29th, 2010
Posted in Article 
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 »Removing Second Mortgages Though Lien Stripping
Posted by admin on January 18th, 2010
In the present economic times many individuals are living with financial decisions causing them to hold assets, such as houses, automobiles and boats, whose values have plummeted. Individuals are living in properties whose values have dropped far below the mortgages or driving cars, which are valued at a third of the loans. Those individuals with [...]
Posted in Article Tags: Auto Loans, Automobiles, Bankruptcy Courts, Boats, Collateral, Creditor, Current Assets, Debt Loans, Debts, Driving Cars, Economic Times, Fair Market Values, Financial Decisions, Financial Difficulties, Judgments, Mortgages Loans, Second Mortgage, Second Mortgages, Tax Liens, Voluntary Lien No Comments »State Fee Limits for Second Mortgages in California
Posted by admin on January 14th, 2010
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 [...]
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 »