Fixed-To-Adjustable-Rate-Mortgage
What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers fixed payments for an initial loan period of up to10 years then followed by an adjustable interest rate for the remaining term of your mortgage. Payments are usually lower than most fixed rate mortgages.Why should you ... more...

Is Home Mortgage Refinancing Really Worth It?
Is it really worth it? Excellent question... since the refinancing process can take upwards of 2-3 months to complete, plus the expenses and hassles of refinancing may outweigh the benefits.Not everyone should refinance just because rates are lower. The general rule of thumb is to consider ... more...

Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying
Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying for a purchase, refinance or equity line of credit, and having an in-depth understanding of these could make the difference in you being accepted or turned down by a bank loan ... more...

Reverse Annuity Mortgage Tapping Into Your Equity
Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home. Homeowners receive a tax-free payment each month, and the mortgage is paid when the home is sold. Before you choose a RAM, make sure you have evaluated the risks ... more...

What is a Reverse Mortgage?
Simply stated, a reverse mortgage is a loan that enables homeowners (age 62 and older) to convert part of the equity in their home into a tax-free income without having to sell the home, give up the title, or take on a new monthly mortgage payment. More and more homeowners are using this to ... more...

Reverse Mortgage Calculator
Most seniors who are interested in learning more about the Reverse Mortgage process will often use a Reverse Mortgage Calculator. Most online reverse mortgage calculators require the current value of the home in question, the total amount of any liens on the property, the ages of any individuals on ... more...

Mortgage-Refinance Loan Can Put Cash in Your Pocket
Do you need cash? Here's a mortgage for you. If you are not in a good position to take an equity line of credit on your home, because you have not built enough equity or a poor credit situation is making bankers steer clear of you, altogether, there is another option -- the cashout refinance. This ... more...

Home Equity Loan Comparison - Access Your Home's Equity Through a Second Mortgage or Equity Loan
You can access your home equity without the cost of refinancing with two financing options. A second mortgage will give you a lump sum check with a fixed or adjustable rate. A home equity line lets you tap into your equity when you want to. Both options allow you to write off interest on your taxes ... more...

Getting 100% Mortgage Financing With a Bad Credit Score
100% financing of a mortgage with bad credit can be almost as easy to get as if you have good credit. Subprime lenders are usually willing to offer full financing. In some cases, they will also wrap in the closing costs as part of the loan. You have a couple of loan options for financing your home ... more...

Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity
If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?Here are some ... more...

How to Obtain a Second Mortgage Loan?
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 ... more...

Bad Credit Debt Consolidation Mortgage Loans
Even with bad credit you can consolidate your debts with a mortgage loan. Refinancing your mortgage to cash out your equity will help you get out of debt quicker. By paying less on interest charges, you can focus on paying off your principal.Shopping Smart With Bad CreditBad credit doesnt mean you ... more...

Second Mortgage for Home Improvement
Now that you have been in your home for a few years and you have established some equity, you may be considering doing some home improvement with a second mortgage.Home improvement comes in many forms. Such as a new kitchen, bathroom, roof, siding, etc.You can acquire a home improvement loan or ... more...

Home Equity Loan With a Reverse Mortgage, Your Home Pays You!
The home equity loan has become quite popular in the last five years, and Americans have tapped into the equity of their homes in record numbers. The reasons vary, although home improvement and debt consolidation are the most common reasons for borrowing against a homes equity.In the last fifteen ... more...

Mortgage Cycling May Be Your Best Bet For Equity Buildup and Investment Real Estate
Mortgage cycling is a system that relies on solid budgeting, equity lines of credit and use of an open credit card. Whether you use this on investment real estate or your own home, it can work for wealth building. If you are short on equity in your home and/or don't have an open credit card, a ... more...