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...

Investing in Real Estate Profitably: Eliminating the Need for Mortgage Insurance
In an earlier article, we presented various options for ensuring that you have positive cash flow when holding rental houses, by minimizing loan payments. One problem which we now can address is to how to eliminate the need for paying mortgage insurance. Any loan with less than 20% down payment ... 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...

Second Mortgage Lenders
As with any investment, taking a mortgage requires analysis. It is a good idea to research different mortgage lenders before choosing one. A mortgage lender is an individual or company the loans money. People have to repay the money loaned and interest. Choosing the correct moneylender is vital ... more...

California Second Mortgages
A mortgage is a long-term loan for a large amount, commonly taken for a property or a house. It is a kind of home loan except that it is termed for longer. Mortgages are available through a bank, private lenders, or property sellers.One advantage of considering a mortgage loan over other kinds of ... more...

Second Mortgage Brokers
A mortgage broker is a professional that is basically a middleman between the lender and the borrower. Brokers are often unjustly considered to be unprofessional, and unethical. This is a job as any other and the truth is that brokers can be very useful. People who negotiate directly with the bank ... more...

What Is A Second Mortgage?
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 is ... more...

Second Mortgage
Second mortgage is a good option to go for if interest rates drop to below the rate you currently pay. In order to understand the concept of second mortgage better, lets compare it with first mortgage.The first loan you get in lieu of property is the first mortgage, whereas a second mortgage, or ... more...

The Zero Down 80/20 Mortgage
This is an excellent loan for those that are lacking the down payment required for other types of mortgages.The 80 20 mortgage is simply two loans for 100% of the purchase price. It is a first mortgage at 80% of the purchase price with a 20% second mortgage.If you are a conforming borrower, doing ... more...