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Mortgage Professor about refinance second mortgage: 
Refinancing With Two Mortgages
September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300.  The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more...

Refinancing and Second Mortgages
April 30, 1999 The ready availability of second mortgages both encourages and discourages refinancing, depending on the circumstances. Case 1: When the loan balance on a first mortgage is more than 80% of ... more...

refinance second mortgage related definitions

Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

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Get Free refinance second mortgage Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

2nd Mortgage Loan Rates - Bad Credit and Higher Interest Rates
As mortgage rates continue to remain low, many homebuyers are opting to refinance their homes or obtain a home equity loan. Home equity loans or second mortgages are great for individuals who need quick cash for large purchases. Similar to a cash-out refinance, home equity loans provide you with a ... more...

Reasons to Refinance When Rates Are Moving Up
Interest rates have enjoyed record lows during the last few years allowing many people to refinance and enjoy lower mortgage payments. Now, interest rates are moving in the other direction. The average 30 year fixed rate, according to mortgage giant, Freddie Mac, was 6.31% last week. Still, during ... more...

Refinancing 2nd Mortgage - Tips to Refinancing 2nd Mortgage
There are several reasons why you should consider refinancing your second mortgage. If you have a home loan, your options for acquiring extra cash are many. In fact, if you have a second mortgage, you have likely taken advantage of one method for getting a large sum of money for necessary home ... more...

Second Mortgage / Home Equity vs. Refinance
Why should you take out a second mortgage or a home equity line of credit instead of refinancing?Well,You Shouldnt!!Why Not?1. Second Mortgages usually have an interest rant that is twice or even three times as high as your first mortgage rate. You can refinance instead and keep a very low rate. ... more...

Refinancing Your Home Equity Loan
Home equity loans allow homeowners to borrow money using their home's equity as collateral. Homes are our biggest investment. Because of low interest rates, many homeowners are choosing to refinance their homes for lower rates. Lower rates equal a lower monthly payment. On the other hand, some ... more...

Refinance Your Second Mortgage
A 2nd mortgage is a secured loan on your property, with your home serving as collateral. Depending on the particular terms of your second mortgage, you could be able to refinance if you wish to reduce your monthly payments or are in need of extra cash. Refinancing a 2nd mortgage can be an option ... more...

Refinancing 2nd Mortgage - Why Research Refinance Rates
Refinancing a second mortgage can reduce your monthly payments and interest rates. To get the best deal, you need to research rates. With a minimum amount of time invested, you can have peace of mind, knowing you are getting the best financing package available.Save Money With Better ... more...

Refinancing Second Mortgage Knowing When to Refinance
Timing the refinancing of your second mortgage is just as important as finding low rates and fees. Before you decide to refinance, make sure that you have a clear benefit. Either save money with lower rates or protect yourself with the security of a low fixed rate second mortgage.When Lower ... more...

2nd Mortgage or Refinance and Cash Out
A second mortgage is simply an additional mortgage secured by your property. As a homeowner with equity in your home you might consider using a 2nd mortgage to pay off high interest debt, pay for college tuition, or renovate your home.The advantage of a 2nd mortgage over a home equity line of ... more...

Refinancing Your House - How to Know Whether to Refinance or get a Second Mortgage
Refinancing your houses mortgage is not the same thing as getting a second mortgage. While both allow you to cash out your homes equity, terms and rates differ between the two types of loans. To know which financing option is best for you, learn each loans features and pick the one that best meets ... more...

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