Posts tagged: First Mortgage

Using a Second Mortgage for an 80-20 No Money Down

Using a Second Mortgage for an 80-20 No Money Down Home Purchase Loan
Many renters want to own their own home, but they simply dont have the down payment to make the purchase. If youre able to afford a house payment as much as your monthly rent, an 80-20 no money down loan could get [...]

Saturday December 18th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Basic Concept Of A Mortgage

If you are new to borrowing and are just looking for your first home, then you probably are unsure about how mortgages work, and what the various types of mortgages are. If you are about to get your first mortgage, then you need to know the basics of what mortgages are and their various features. [...]

Saturday September 4th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Advantages Of Reverse Mortgages

In recent years property values have soared, while investment returns have been modest. This has created a situation where a lot of seniors are finding themselves in the position of being house rich and cash poor. These cash strapped seniors are looking for ways to increase their retirement income while continuing to live in their [...]

Saturday August 28th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Subprime Mortgages and the Refinancing Boom

There are more than 19,000 mortgage companies in the U.S. and some of the largest and most reputable of them specialize in subprime mortgage refinancing.
Steven Frank, Senior Vice President of Marketing at FlexPoint Funding identifies a subprime borrower as someone with a FICO score below 620. He or she will pay between 1.5% and [...]

Saturday August 14th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Shopping Home Equity Loan Rates

Shopping Home Equity Loan Rates
If you have been in your home for a number of years and you have established some equity, you may be considering liquidating some of that equity. A great way to do this would be to go with a Home Equity Loan.
A home equity loan allows for you to borrow off [...]

Saturday June 5th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »