Results for Second Mortgages

Are you interested in getting a second mortgage, home equity loan or home equity line of credit? Read on to learn about the pros and cons of this line of credit.

A home equity loan -- also known as a second mortgage -- is when a mortgage lender lets a homeowner borrow money against the equity in his home.

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Whether you’re considering a second mortgage to consolidate your debt or complete some home renovations, there can be a lot that goes into making this financial decision. Because a second mortgage is a loan that goes against the equity you currently have on your property, this can be a risk to the ownership of your home. If this is an option you’re seriously considering, here are some basics to know before deciding to on this route
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Applying for a second mortgage isn’t all that different than applying for a first mortgage. The paperwork is very similar, and just as when you bought your home, your lender will look at many of the same factors when determining how much you qualify for and determining what the terms of the loan will be. […]

Home ownership has the benefit that it allows you to use your home as collateral and borrow money against it, by taking a second mortgage.

www.amerifirst.com/amerifirst-blog/bid/94511/Mortgage-Questions-Where-Can-My-Down-Payment-Come-From How Much Down Payment? How much down payment for a...

A second mortgage is a loan, in addition to your primary mortgage, that uses your home as collateral. Any homeowner who has 20 percent equity in their property and a decent credit score can get approved for a second mortgage in the form of a home equity loan or line of credit. While it might be easy to get approved for a new loan, it's important to understand when you should take out a second mortgage and when you should look for alternate…

Applying for a second mortgage is a great way to keep your down payment amount to a minimum and to keep more of your cash in your bank account. It can also help you to avoid making PMI paymentsR…

The 30-year mortgage rate decreased two basis points to 3.79% last week, according to F

Traveling with a significant other is pricey. Traveling with children? That hit is downright obnoxious, and it could blast your savings into oblivion if you’re not careful. So how can you provide your family with a decent getaway without taking out a second mortgage?

Getting a mortgage became so difficult during 2009-2013 that millions of potential home buyers were shut out of the market. One agency has put an estimate on just how many of those mortgages are &quot

It takes a good credit score to get favorable mortgage rates. Then, how you pay a mortgage will shape your score – just having one can lower it at first.

In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal?

With lower down payments and more-flexible standards, lenders broaden their market

After mostly fading from the marketplace, more lenders are now stepping back in and offering reverse mortgages.

Low down payment loans are making a comeback and private lenders -- not FHA -- are leading the charge.

It's possible to get a mortgage when you're self-employed, but be prepared to gather mountains of paperwork and exercise a little patience.