Is a Home Equity Second Mortgage Right for You?
Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]
Date: 2009-01-14 08:44:29
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100% Home Loan Financing – Bend your muscles
Listen with the current "mortgage meltdown" we are so much about that day, your average consumer thinks that the days of the 100% financing have gone by the wayside. It's true, you are hard pressed these days to a bank or lender who want to carry a second mortgage will find that adding combined with a first mortgage, financed at 100%. This is because if there is a standard, sit in second lien position is particularly risky. Too much risk is involved. [more...]
Date: 2009-09-19 11:52:46
bad credit 2nd mortgage
If you are in need of a second mortgage, don’t let bad credit stop you from applying for a loan. Bad credit is a very common problem and lenders have become much more lenient when it comes ... with a bad credit can help you to pay the huge amount of your debt and save extra money for expenditures [more...]
Date: 2009-01-14 04:43:23
The Truth about Debt Management Plans
by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]
Date: 2008-09-21 12:49:13
Are You A Candidate For A Short Sale Or A Foreclosure In Atlanta?
Helping Select Atlanta Homeowners Avoid A Foreclosure One of the most difficult decisions a homeowner can make is to take action to leave a home ... will show your debt as paid in full - which preserves a great deal of your credit history ... who have ample assets will NOT be able to get a short payoff approved. Second mortgages and other [more...]
Date: 2008-11-26 23:15:58
A commercial real estate bailout?
It is possible (subscription required). I am not happy about this but the tone of this piece will be more analytical than editorial ... this year for two reasons. First, rising default rates on commercial mortgage-backed securities due ... commonplace between 2004 and 2007. The second and more significant reason is that outstanding mortgage [more...]
Date: 2009-01-13 15:26:00
Will Bankruptcy Judges Get Power to Strip Down?
The details of the Great Bailout Bill of 2008 are still being mulled, turned over and kicked about by economists, ... of the terms of certain debts, namely auto and student loans and second-home mortgages. Under the Democrats ... of the property falls below the loan amount, debtors potentially could reduce the balance of the loan to equal [more...]
Date: 2008-09-24 15:15:01
Oh My
-by the Mysterious Flying Miser From Bloomberg : “BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties. ‘I am just very worried,’ Fink said yesterday in an interview in New York. [more...]
Date: 2009-09-21 16:56:29
My implant hell, or how I spent £7,000 in the name of vanity*
Finally, the wait is over. After two and a half years of monthly dental treatment, financed by the sale of three kidneys (one each from me and the kids) and a second mortgage, my teeth are now complete. I now have Tom Cruise’s stature AND his smile, and now must only find myself a Hollywood wife, [more...]
Date: 2009-01-15 18:03:10
Obama's Brilliant Idea? Spend More Money On The Deadbeats Who Couldn't Pay The Mortgages They Shouldn't Have in The First Place
Great fiscal dem policy to start off a new administration, get or save mortgages for people who are here illegally, or those who have no SS #s, ... to pouring it towards bad debt after bad debt? I paid off my mortgage per the rules set forth ... or no jobs, most importantly with no way to pay the present mortgage a second lifeline [more...]
Date: 2009-01-15 06:13:00
california home loan mortgage second
Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]
Date: 2009-01-14 05:07:26
It Ain’t Over Till It’s Over
If you saw the Dec 14, 2008, 60 Minutes broadcast featuring a segment titled, “A Second Mortgage Disaster On The Horizon? ... firm that analyzes corporate debt. So do a lot of other people. However, Egan has been cited [more...]
Date: 2008-12-19 22:06:11
Stiglitz: Bailout Blues
Joseph Stiglitz hopes we can tread water until a new administration takes over: Bailout Blues, by Joseph E ... that pays fair value for these assets will do nothing to repair that hole. ... We could ... -income Americans by converting the mortgage deduction into a cashable tax credit. ... Second [more...]
Date: 2008-10-02 17:35:00
Mortgage Rates are at 50 year lows!
Mortgage markets improved last week for the second week in row ... : * Credit scores of at least 720 * At least 20 percent equity * Relatively low debt versus ... Forums Discuss real estate, network, or learn about investing on our forums! This Article [more...]
Date: 2008-12-22 17:33:40
Who is to Blame for the Mortgage and Foreclosure Mess?
Who is to Blame for the Mortgage and Foreclosure Mess? November 15th, 2008 By BRIDGET MAGNUS ... they had to take out second mortgages or equity lines of credit to pay the bills. This left them [more...]
Date: 2008-11-15 21:13:17
Leading Democrat offers mortgage aid bill (Reuters)
WASHINGTON (Reuters) – The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. The bill drafted by Sen. Richard Durbin would help millions [more...]
Date: 2009-01-06 22:29:25
A helping hand with credit card debt is necessary many United States debtors
As of the moment here in our beloved country of the USA we’re experiencing a uncommonly bad state of affairs financially ... loan and the second is credit card debt settlement. Debt consolidation loans can end up being pretty ... . However a mortgage like this could make your life a little simpler. Debt settlement is a different [more...]
Date: 2008-12-18 16:28:03
Home Equity second mortage Loans - Good For Building
Homeowners sometimes find that after they have moved into their dream home, ... mortgage. This extra money you take out against the home can be used to pay off credit card debt, medical ... as a way to improve the atmosphere of the home. Others will use it to consolidate their bills [more...]
Date: 2009-01-14 07:53:00
Mapping Your Financial Future: A Guide - Part 2
by Mike Lazear, PIC Current Assistant Producer This is the second of our three-part series on mapping your financial future ... of personal debt, whether it is from a mortgage, a car, credit cards, or all three ... to go about obtaining one: Sallie Mae - Sallie Mae is a trusted loan provider. Their website will answer any [more...]
Date: 2008-10-14 14:00:21
Fannie, Freddie, now FHLBs?
Some other banks are encountering difficulties today -- namely the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages. From Bloomberg: The Federal Home Loan Bank of Seattle said it will suspend dividends and "excess" stock repurchases, becoming the second of the government-chartered lending cooperatives to say [more...]
Date: 2009-01-14 12:35:34
Second Economic Stimulus Check: Obama’s Economic Plan
The ink hasn’t even dried on the first economic stimulus checks mailed out last month and this month and there’s already talk of another stimulus ... , as well as debt relief for students. It’s the first economic salvo fired by Democratic Presidential ... Foreclosure Prevention Fund (which would include a credit of 10% of their mortgage interest payment [more...]
Date: 2008-06-11 22:09:01
Should ‘New’ Virtual Assistants Charge Less?
First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007. That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]
Date: 2009-01-15 21:59:50
Second Trust Deeds and Loan Subordination
When you have more than one loan on your property, there are some issues you should be aware of. Keep in mind the fact that some states still use the mortgage system, requiring court action ... I have never done significant work in a mortgage state so there may be small but significant [more...]
Date: 2008-12-13 17:12:59
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