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Financing Tips for Buying a Condo

By:: Andrew Beattie - MortgageLoan.com | Sun, 12/31/2006

While owning a house is the goal of many, it's expensive to purchase and maintain a single-family residence. Condominiums, however, offer an alternative for people who want to own a home without the headaches of a house with comparable mortgage rates.

A Low-Fee Way to Tap your Home's Equity

By:: MortgageLoan.com - MortgageLoan.com | Sat, 12/30/2006

Real estate prices continue to fall, which means that time is running out to tap into your home's equity. Using a fixed-rate home equity loan to pay off adjustable rate debt is one of the smartest moves a consumer can make to get ahead of the snowballing effect of the real estate slowdown.

Home Equity Loans: Know the Lingo

By:: MortgageLoan.com - MortgageLoan.com | Fri, 12/29/2006

Make sure that you know the basics of home equity loans before making the biggest decision of your financial life-choosing a mortgage or second mortgage loan.

Student Loan Consolidation: Take The Pressure Off

By:: Maria Esposito - MortgageLoan.com | Thu, 12/28/2006

Most students finance a college education with loans. They leave their graduation ceremonies with degrees and debts. The solution to this problem is a student loan consolidation.

Home Equity Loans: Protect Yourself From Fraud

By:: MortgageLoan.com - MortgageLoan.com | Wed, 12/27/2006

Timing is the key to comedy. It's also a big part of mortgage lending fraud; but this kind of funny business yields no laughs for the audience. Deceptive mortgage lenders know the right time to stick it to consumers. However, armed with a little knowledge, you can protect yourself from three distinct types of mortgage fraud.

Fueling Entrepreneurialism with Home Equity

By:: MortgageLoan.com - MortgageLoan.com | Mon, 12/25/2006

Self-employment is a fast-growing segment of the American economy. The early challenge for many would-be entrepreneurs is raising the necessary capital to turn business ideas into profits. Home equity might be the leg-up you need to get ahead in the race for market share.

Facing the Challenges of a Bad Credit Home Equity Loan

By:: Jason Giacchino - MortgageLoan.com | Sun, 12/24/2006

If you've abused credit in the past, you may have trouble borrowing money in the future. However, if you're a homeowner, you may be able to find a source of funding by tapping into the accumulated equity in your home.

Saving for College

By:: Catherine Brock - MortgageLoan.com | Sat, 12/23/2006

College tuition expenses are on the rise with no end in sight. If you take time to understand the savings options available, you may be able to avoid loans altogether. Specialized college savings plans with tax and other advantages may make a compelling argument for putting that money aside now.

Used Cars and Auto Warranties

By:: Greg Mischio - MortgageLoan.com | Fri, 12/22/2006

People who buy a used car manage to resist car dealers' latest temptations. Instead of going ga-ga over this year's sleek and sexy models, folks who opt for good value kick the tires in the used car area of the lot. They also choose extended warranties, which are quickly becoming a valuable part of any value-driven decision.

Choosing The Perfect Home Equity Loan

By:: Maria Esposito - MortgageLoan.com | Thu, 12/21/2006

Everyone knows there isn't any such thing as "one size fits all" when it comes to clothing. The same is true for home equity loans. Knowing what you want the money for will help you decide which type of loan best suits your needs.

Three Mortgage Refinancing Myths

By:: Greg Mischio - MortgageLoan.com | Wed, 12/20/2006

Don't believe the negative hype about mortgage refinancing. Even though interest rates have risen of late, plenty of homeowners are refinancing to meet their needs. Here are three myths about today's mortgage market that can help you determine whether a refinance is the solution for you.

Funding Dreams with a Personal Loan

By:: Catherine Brock - MortgageLoan.com | Tue, 12/19/2006

One of the most appealing features of the personal loan is flexibility. Because the funds can be used for virtually any purpose, personal loans have gained popularity as a means of funding dream projects, like launching that new business or taking an exotic vacation.

How Long is Too Long? The 50-year Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Mon, 12/18/2006

There was a time when it was scandalous for a woman's skirt to reveal anything above the ankle. However, years passed, perspectives changed, and the miniskirt eventually arrived. There's an equally radical development in mortgage loans-a once unheard of repayment term of 50-years has recently hit the market.

Refinance with a HELOC

By:: Catherine Brock - MortgageLoan.com | Sun, 12/17/2006

If you're ready to refinance your mortgage, your next step is deciding which type of loan works best for you. Begin by making a list of all the features that you'd like your mortgage to offer-low upfront costs, low payments, or a quick pay-off. If saving out-of-pocket costs is your top priority, a home equity loan (HELOC) refinance might be just the ticket.

Shopping for a Broker for a Mortgage Refinance

By:: Tom Kerr - MortgageLoan.com | Sat, 12/16/2006

As mortgage refinance alternatives become increasingly popular, so do mortgage brokers. But many of us are not sure how to shop for one, or what to look for to find one who's reputable. Here are some helpful insights for sizing up mortgage brokers and their services.

Clean up Your Act with a Debt Consolidation Loan

By:: Greg Mischio - MortgageLoan.com | Fri, 12/15/2006

Most messes aren't self-cleaning. If your financial situation has gotten messy with credit card debts, you can't ignore it and hope it will go away. Consider a home equity debt consolidation loan. It could be just what you need to get your finances squeaky-clean.

Reap Some Rewards: Get a Scholarship

By:: MortgageLoan.com - MortgageLoan.com | Thu, 12/14/2006

As mortarboards fly through the air at high school graduations, many parents and students are wondering how they're going to afford college tuition. If you don't have enough stashed away to cover the costs, you'll need either scholarships or student loans. Once you learn what's available to you, you'll become a happy reaper.

New or Used? Which car is right for you?

By:: Greg Mischio - MortgageLoan.com | Wed, 12/13/2006

Confused on whether the next car you buy should be used or new? That's natural, considering the traditional arguments for buying either have eroded. But before you base your purchasing decision on whether or not you'd like that new car smell, kick the tires on these considerations.

Counter Christmas Spending Blues with HELOC

By:: Greg Mischio - MortgageLoan.com | Wed, 12/13/2006

Everyone wants to say "Ho-Ho-Ho" when the Christmas season arrives. And with all the sales and credit deals on the market, it's hard for consumers to say "No-No-No" to buying gifts. To avoid overspending, a home equity loan can give you the flexibility you need to keep your inner Santa flush with funds.

Home Improvement Loans: How Lenders Evaluate You

By:: Catherine Brock - MortgageLoan.com | Tue, 12/12/2006

Not every borrower qualifies for a lender's best rate. Lenders look at many factors to assess your risk profile, and then determine a suitable interest rate for your loan. While each lender's evaluation process is unique, there are common risk-measuring sticks common to them all.

Protect Your Business with a HELOC

By:: Tom Kerr - MortgageLoan.com | Mon, 12/11/2006

As the housing market cools and property prices plunge, extra home equity accumulated during the recent real estate boom evaporates like the morning mist. The time is now right for homeowners to take out home equity loans, while the collateral value of their homes is still high. And a home equity loan-in particular the home equity line of credit (HELOC)-is a great way to finance business expenses.

Managing Your Debt: Learn How To Budget

By:: Catherine Brock - MortgageLoan.com | Sun, 12/10/2006

If you're feeling weighed down by credit card debt, it's time to make a change. Unlock your financial freedom with budgeting and good debt management practices.

Using a Mortgage Refinance To Pay for College

By:: Catherine Brock - MortgageLoan.com | Sat, 12/09/2006

According to the CollegeBoard's 2006 Trends in College Pricing, tuition expenses have risen significantly since the early 1980s, with four-year public colleges showing the largest increases. As costs rise higher and higher, more parents are facing the realization that they haven't saved up enough money to fund their child's education. Many of these parents are turning to a cash-out mortgage refinance to raise the funds they need.

Choosing a Tax Debt Relief Specialist

By:: Catherine Brock - MortgageLoan.com | Fri, 12/08/2006

More than two centuries ago, Ben Franklin observed that life's only certainties are death and taxes. In today's world, where tax evasion can lead to the imprisonment of entertainers and the seizing of homes, the Founding Father's words still ring true. If you have a tax debt, now is the time to address it.

Profit by Choosing Your CD Wisely

By:: MortgageLoan.com - MortgageLoan.com | Fri, 12/08/2006

If you're disappointed with the earnings on your savings account, consider a certificate of deposit. A CD is insured, just like your savings, but rates are higher, giving you more bang for your buck. Since there are several different types to choose from, it's important to know what you're getting before you hand over your cash.

Tips on Applying for Personal Loans

By:: Catherine Brock - MortgageLoan.com | Fri, 12/08/2006

Personal loans are unsecured extensions of credit that are used for a specific purpose, like debt consolidation or unexpected expenses. This article provides an overview of the personal loan, including how it works and how to assess your personal loan options.

Adjustable-Rate Mortgages: Know the Basics

By:: Jan Lindsey - MortgageLoan.com | Thu, 12/07/2006

Adjustable rate mortgages can help you get the house you want, and save you money every month once you're in it. They're most useful to homebuyers who expect to stay in their homes for only a few years, or who expect their incomes to climb in the future.

No Time Like Now to Buy Your Dream Home

By:: Tom Kerr - MortgageLoan.com | Wed, 12/06/2006

The media is filled with headlines that can strike fear in a home seller's heart. Real estate prices are falling, houses are languishing on the market, and adjustable mortgage rates continue to climb. If you've been waiting to find your dream home, this market represents a golden opportunity.

Refinancing: The Downside

By:: Joan Roelke - MortgageLoan.com | Tue, 12/05/2006

Is high interest credit card debt or a variable-rate mortgage loan strapping your cash flow? Refinancing to a fixed-rate loan and paying off your debt now could be your answer. By knowing the positives and negatives of a mortgage refinance, you can determine if it is the right financial choice for you.

Goodbye HELOC, Hello Mortgage Refinance

By:: Tom Kerr - MortgageLoan.com | Mon, 12/04/2006

If you need money for home improvement projects, a mortgage refinance may offer a better deal now than a home equity line of credit (HELOC). HELOC rates have risen significantly, so this may be the perfect time to refinance into a new loan, even if it means accepting a slightly higher mortgage rate.

Taking Advantage of Deals on Home Equity Loans

By:: MortgageLoan.com - MortgageLoan.com | Fri, 12/01/2006

If you've been looking around your castle, and noticing that it might be starting to look a little shabby, consider a home equity loan to make home improvements. Banks are offering competitive deals to stimulate their mortgage businesses, and you may be in a position to benefit from all the competition.

Should You Buy or Lease Your Next Car?

By:: Maria Esposito - MortgageLoan.com | Thu, 11/30/2006

Do you love to customize your car so it's as unique as you are? If so, buying a new car and having control of the vehicle's appearance, is the right choice. But if you're comfortable with a factory-designed car that resembles all others, consider leasing. You'll have lower monthly payments, a regular maintenance schedule, and no long-term obligations.

Four ways to Save Money on Second Mortgages

By:: Greg Mischio - MortgageLoan.com | Wed, 11/29/2006

If you like to clip coupons, you may be hard-pressed to find any discounts in the Sunday paper when it comes to second mortgages. But even if you can't find a money-saving coupon, there are other ways to save money on your 2nd mortgage.

Bad Credit Loans Made Easier by Pre-Approval

By:: Jan Lindsey - MortgageLoan.com | Tue, 11/28/2006

Finding and buying a house can be stressful under the best of conditions. If you start the process with a bad credit history, the uncertainty of your position can add layers of worry. You can peel some of those away, however, by obtaining a mortgage pre-approval that will tell you exactly what you can afford to spend.

Mortgage Cycling: Will it transport you to financial freedom?

By:: Tom Kerr - MortgageLoan.com | Mon, 11/27/2006

Mortgage cycling is an aggressive approach to paying off mortgage loans within a short time frame. It involves making large lump-sum payments of home loan principal every six months. While the strategy is not for everyone, understanding how it works can help you decide whether it makes financial dollars and sense for you.

A Scam To Avoid: Home Equity Stripping

By:: Maria Esposito - MortgageLoan.com | Sun, 11/26/2006

If you've owned your home for a number of years, you've built up equity that can be helpful if you need extra cash to pay bills or make home improvements. But people in foreclosure must be extra careful when trying to tap into money through home equity loans. A smooth-talking con artist can rob you through a scam known as "equity stripping."

Refinance Your Mortgage to Win the ARMs Race

By:: Tom Kerr - MortgageLoan.com | Fri, 11/24/2006

Mortgage rates are rising, and people with adjustable rate mortgages (ARMs) are feeling the whiplash as rates abruptly change direction. But refinance rates for traditional fixed-rate mortgages are still relatively low. To avoid inflationary pressure from ARMs, switch to a fixed-rate conventional loan through a simple mortgage refinance.

Prepare for Unforeseen Disasters with a HELOC

By:: Greg Mischio - MortgageLoan.com | Thu, 11/23/2006

Life is unpredictable. Disasters strike, often when we least expect it. But while we can't predict when or where misfortune will occur, we can take steps to prepare ourselves for when those moments arrive. A home equity line of credit (HELOC) is a great tool to ensure that you've got the back-up cash when hard rains fall.

Finding the Right Credit Card

By:: Greg Mischio - MortgageLoan.com | Wed, 11/22/2006

When a magician chides you to pick a card, you have 52 to choose from. When you pick a new credit card, you've got far more than 52 cards to choose from. The market is riddled with financial companies peddling their plastic, which can make choosing the right one a daunting task. However, if you follow these simple guidelines, the task can get much easier.

Need Money Fast? Try a Home Equity Loan

By:: MortgageLoan.com - MortgageLoan.com | Wed, 11/22/2006

No matter how careful you are with your finances, the unexpected is bound to happen eventually. Unforeseen medical expenses or emergency home repairs can be devastating to your budget. Coming up with the necessary funds may seem impossible, but it could be relatively simple. All you need is some equity in your home.

Buying a Used Car: Financing Tips

By:: MortgageLoan.com - MortgageLoan.com | Tue, 11/21/2006

Buying a used car is an art form. The kicking of the tires, the negotiations with the shrewd car salesman, the comparison shopping-they're all important when it comes to making the right choice. One of the best ways to gain leverage and make the process easier is to secure your financing first by finding the right car loan.

Finding a Mortgage After Foreclosure

By:: Joan Roelke - MortgageLoan.com | Tue, 11/21/2006

It's a sad situation when a lender forecloses on your home. Then, when you get back on your financial feet, the foreclosure on your record can make it difficult to find a new mortgage. However, if you take control of your financial life, you can succeed in finding reasonable home financing.

Jumping on the 2nd Mortgage Refinance Bandwagon

By:: Greg Mischio - MortgageLoan.com | Mon, 11/20/2006

Are you making payments on both a first and second mortgage? If so, it may be a good time to do a mortgage refinance and combine both payments into one. With interest rates rising, adjustable-rate second mortgages are looking less desirable.

How Are Mortgage Rates Set?

By:: Maria Esposito - MortgageLoan.com | Sun, 11/19/2006

When you look at mortgage rates, do you ever wonder how they come up with the numbers? It isn't as mysterious as it seems. The Federal Open Market Committee uses market conditions to help determine the rates that you'll pay for mortgage loans.

Save Money on Your Mortgage

By:: Tom Kerr - MortgageLoan.com | Sat, 11/18/2006

To save money on your mortgage loan, look for the lowest mortgage rate and down payment, and the least expensive closing costs. You can also structure your payments to save on interest. All it takes is an understanding of how to make the mortgage process work for you, not against you.

Avoid Common Mortgage Mistakes

By:: Greg Mischio - MortgageLoan.com | Fri, 11/17/2006

The musician, Sting, once accurately crooned, "History will teach us nothing." His lyric particularly applies to the mortgage refinance market, where generations of consumers repeat the same mistakes. However, if you can break away from the pack and learn from the miscues of others, you'll avoid costly mistakes on your home loan.

Four Tips for Using the 125 Percent Home Equity Loan

By:: MortgageLoan.com - MortgageLoan.com | Thu, 11/16/2006

In the land of power shopping, our willingness to spend has exceeded the size of our wallets. Debt is now a way of life, and more and more people are digging deeper into their home's equity by using the 125 percent home equity loan.

Manifesting Cash with a Second Mortgage

By:: Greg Mischio - MortgageLoan.com | Thu, 11/16/2006

It's easy to understand why people are attracted to the lottery: Instant money, and usually lots of it. If that's your motivation, then you may be overlooking a source of cash that has a much higher likelihood of paying off than your weekly lottery ticket. The equity in your home is a great source of money, and can be tapped rather easily with a second mortgage.

Mortgage Marketing Tips for Lenders

By:: Barbara Eisner Bayer - MortgageLoan.com | Wed, 11/15/2006

With home sales dropping and mortgage rates rising, customers are becoming fewer and farther between. Now is the time to dip into the mortgage marketing toolbox, and pull out a few strategies to bring you more recognition and, hence, more new clients.

Using Realtor Relationships to Generate Mortgage Leads

By:: Tom Kerr - MortgageLoan.com | Wed, 11/15/2006

Free mortgage leads are especially valuable when the mortgage business goes through a seasonal slowdown. By teaming up with people who have direct access to buyers and sellers, mortgage lenders can reap the rewards of professional networking

Boost your Home's Equity with a Mortgage Refinance

By:: MortgageLoan.com - MortgageLoan.com | Wed, 11/15/2006

By restructuring your loan through a refinance, you can drastically increase the amount of money that goes toward the equity in your home. And you'll simultaneously shrink the amount of interest that you're required to pay. A mortgage refinance can provide a twofold strategy for increasing your net worth.

The ABCs of Bad Credit Mortgages

By:: MortgageLoan.com - MortgageLoan.com | Wed, 11/15/2006

Bad credit won't necessarily keep you from getting a mortgage, but it will mean paying higher interest rates in the subprime mortgage market. Predatory lenders lurk in these waters. Learn how to recognize them, and you'll be able to swim out of harm's way and freely shop for the best deal.

Student Debt Consolidation

By:: MortgageLoan.com - MortgageLoan.com | Tue, 11/14/2006

Virtually from the moment that you threw your mortarboard into the air and framed your college degree, you started receiving notices about repaying your student loans. The good news is that it's possible to streamline your loan repayment through a student loan consolidation.

Refinancing in Spite of Bad Credit

By:: Greg Mischio - MortgageLoan.com | Tue, 11/14/2006

Overcoming bad credit is the financial equivalent of scaling Mt. Everest. No matter what the reasons for your bad credit-overspending, medical bills, divorce, loss of job-your life is a struggle compared to A-credit friends and family. But there's a way out-a mortgage refinance can get you back on your feet, despite how risky you are to creditors.

Choosing a Subprime Lender: Four Tips

By:: MortgageLoan.com - MortgageLoan.com | Tue, 11/14/2006

Having bad credit doesn't mean you can't qualify for a mortgage. In fact, there are reputable mortgage lenders, called subprime lenders, who actually specialize in bad credit loans. Here are some tips on selecting a subprime lender.

Are all Second Mortgages Created Equal?

By:: Greg Mischio - MortgageLoan.com | Mon, 11/13/2006

If necessity is the mother of invention, we can thank her for giving birth to two types of second mortgages. While both the home equity line of credit and the fixed-rate home mortgage loan are second liens on a property, each has different attributes. Unlike the men and women who they were intended for, these two financial instruments were not created equal. Their differences are the lending industry's attempt to provide loans that are attractive to a wide range of borrowers.

An Historical Look at Mortgages

By:: Greg Mischio - MortgageLoan.com | Mon, 11/13/2006

A home loan is an aspect of modern society that we simply take for granted. Most people probably don't give much consideration to the origins of home loans, or even how long mortgage companies have been around. But an historical look at home mortgages reveals some interesting facts about a relatively young industry.

Mortgage Rates in a Buyer's Market

By:: MortgageLoan.com - MortgageLoan.com | Thu, 11/09/2006

Interest rates for home mortgage loans are rising, putting downward pressure on real estate prices. Economists expect the housing market slump to continue. Meanwhile, buyers are trying to decide whether to buy now, or hold out for a better deal. What's right for you?

Appraisals for Second Mortgages

By:: Jan Lindsey - MortgageLoan.com | Wed, 11/08/2006

Real estate prices have soared in many areas in recent years. If you're thinking about pulling some of the equity out of your home with a second mortgage, consider having your home appraised. You'll get a solid idea of the amount of money that's available for borrowing.

Is it time for Debt Consolidation?

By:: Greg Mischio - MortgageLoan.com | Wed, 11/08/2006

If you're experiencing the sensation of falling backwards, you may not be suffering from dizzy spells or inner ear infections. Instead, you may be taking on more debt than you can handle. If this is the case, you're not alone. It's easy for consumers to whip out the plastic whenever they find something desirable. If you feel that you've over-extended yourself, a debt consolidation loan can get your personal finances back in line.

Cash out and cash in with a HELOC

By:: Jan Lindsey - MortgageLoan.com | Tue, 11/07/2006

A home equity line of credit can give you the flexibility and the cash you need to make improvements to your home. If you make the right improvements, the value of your house will climb. Wouldn't it be satisfying to use equity to create equity?

Finding Great Mortgage Rates for Non-Traditional Loans

By:: Tom Kerr - MortgageLoan.com | Tue, 11/07/2006

Unconventional mortgages, like interest-only or no-documentation loans, can be time-consuming. But by following these tips, you can find great mortgage rates and speed up the process of getting your loan, so that the money can find it's way more quickly into your pocket.

Bad Credit, Decent Mortgage

By:: Greg Mischio - MortgageLoan.com | Fri, 10/27/2006

There are mortgage loans available for everyone, even those with a spotty credit history. Bad credit mortgages and no-document loans can serve the same purpose in different ways.

Auto Loans Basics

By:: MortgageLoan.com - MortgageLoan.com | Thu, 10/26/2006

If the home represents the American Dream, the automobile is the American fantasy. Are you hopelessly infatuated with those four-wheeled hunks of steel? Before your crush turns into a purchase, make sure you have the financing in place to afford it.

The No-Income Verification Home Equity Loan

By:: Jan Lindsey - MortgageLoan.com | Tue, 10/24/2006

Whether you're self-employed or simply in a hurry, applying for a no-income verification home equity loan can make tapping your biggest asset much easier. Less paperwork can mean fewer hassles.

Repairing Bad Credit Through a Good Mortgage

By:: Anders Bylund - MortgageLoan.com | Mon, 10/23/2006

When times are tough on the financial front, baby-steps in the right direction can get you out of a jam. Many homeowners with bad credit look to their home equity as a way to help them consolidate their debts and work their way out of a tough spot. Even though a bad credit mortgage has higher rates and upfront fees, it just might be the stepping-stone that you need to get your credit headed in the right direction.

How to Determine the Value of Your Home

By:: Tom Kerr - MortgageLoan.com | Sun, 10/22/2006

Before you get a first or second mortgage, it's important to know how much your property is worth. The two principal methods available to do this are by appraisal or comparative market analysis. Deciding which is best for you will be easy once you understand how these evaluation tools work.

Refinancing without stress

By:: Greg Mischio - MortgageLoan.com | Sat, 10/21/2006

Nothing ruins a good night's sleep like financial stress. If you find yourself tossing and turning until the wee hours of the morning because you need extra cash, consider tapping into your home's equity. Yes, there's been plenty of talk about today's rising interest rates, but keep it in perspective: Refinance rates are still at historically low levels. If you follow this low-stress checklist, you can get a mortgage refinance that can provide you with both cash and a good night's sleep.

Is it time for Debt Consolidation?

By:: Greg Mischio - MortgageLoan.com | Fri, 10/20/2006

Finding the Best Refinance Rates

By:: Greg Mischio - MortgageLoan.com | Thu, 10/19/2006

In the blockbuster Raiders of the Lost Ark movie trilogy, swashbuckler Indiana Jones is always risking life and limb as he tries to uncover booby-trapped archeological treasures. Fortunately for homeowners, the search for spectacular mortgage refinance doesn't require the same high-stress adventures. With a home computer, and some basic knowledge, you can raid the lending world and find the best rate around.

Bad credit? Be careful when mortgage hunting

By:: Jan Lindsey - MortgageLoan.com | Wed, 10/18/2006

Lenders often give mortgages to people with bad credit, but they charge more, in order to cover the additional risk. The danger isn't that you won't get a loan, but that you'll get the wrong loan. Knowing ahead of time about the wolves lurking in the lending forest may save your hide. And your wallet.

An Overview of COFI Loans

By:: Tom Kerr - MortgageLoan.com | Tue, 10/17/2006

So-called COFI loans are adjustable rate mortgages that are related to the Cost of Funds Index (COFI). This index determines what interest rate banks pay customers on checking accounts and certificates of deposit. The main attraction of COFI mortgage loans is that they offer unique flexibility for monthly payment options.

Four Steps to Find the Right Mortgage Lender

By:: Jan Lindsey - MortgageLoan.com | Mon, 10/16/2006

If you need a home mortgage, you need a mortgage lender or broker (an agent who finds a lender for you and manages the transaction). Either way, you're looking for two things: good customer service and a loan at the right price.

Tips for Finding the Right Commercial Mortgage

By:: Tom Kerr - MortgageLoan.com | Sun, 10/15/2006

Commercial mortgages are used for all sorts of business-related real estate transactions, for large and small companies alike. Lenders offer an array of different options, and those who intend to use a commercial loan should evaluate these carefully before locking in a loan.

Selecting the Best Home Loan for You

By:: MortgageLoan.com - MortgageLoan.com | Sat, 10/14/2006

If you're searching for a home mortgage, you may feel like a mountain climber at the foot of Mt. Everest. The task before you appears long, difficult and potentially perilous. Here are some tips to calm your fears. Follow them, and you can make that mortgage mountain feel more like a molehill.

Refinancing Your Home: Know the Process

By:: Greg Mischio - MortgageLoan.com | Fri, 10/13/2006

The shortest distance between two points is a straight line. When it comes to a mortgage, you can create your own "straight line" by making the process of refinancing your mortgage an efficient one. This involves shopping around for the best loan rate; selecting the loan package that's right for you; and gathering all the documents your lender will need.

Introduction to Interest-Only Mortgages

By:: Catherine Brock - MortgageLoan.com | Thu, 10/12/2006

Selecting the right mortgage program can be daunting. If you'd like to purchase a larger home than your budget can currently afford, an interest-only mortgage may be the answer to your prayers. Be careful though: when the interest-only period ends, you may get stuck with more debt than you can comfortably handle.

Four Ways to Save Money on a Home Equity Loan

By:: Greg Mischio - MortgageLoan.com | Wed, 10/11/2006

Competition is a great thing, and not only for sports fans. It can make for happy campers among mortgage shoppers, as well. Take the home equity loan, for example. There are multiple lending institutions ready to offer you a second mortgage. These firms include banks, credit unions, mortgage brokers, and even non-traditional lenders like Wal-Mart. With so many people vying for your loan, you, as the consumer, have a big advantage-especially if you follow the four money-saving tips in this article.

Finding an Affordable Mortgage Loan

By:: Greg Mischio - MortgageLoan.com | Tue, 10/10/2006

Everyone knows how to find an affordable jar of peanut butter: Go to an inexpensive grocery store, scan the shelves for a few great tasting brands, and select the cheapest one. Shopping for a mortgage isn't all that different. You can use some of those same peanut-butter shopping tactics to find an affordable home loan.

Introduction to Second Mortgages

By:: Anders Bylund - MortgageLoan.com | Mon, 10/09/2006

A second mortgage is a versatile financial instrument. It can look like a loan or a huge credit card, and it can help you overcome many of life's little surprises. Learn how they work so you can take full advantage of them.

Home Improvement Loans: Financing Options

By:: MortgageLoan.com - MortgageLoan.com | Sun, 10/08/2006

Have you been dreaming about adding on a room, remodeling a kitchen, putting on a new roof, or painting a grungy exterior? There are many available options for financing home improvements. You can use a home equity loan, a bank loan, or refinance your existing mortgage to generate the necessary cash.

Use Your Home for Debt Consolidation

By:: MortgageLoan.com - MortgageLoan.com | Sat, 10/07/2006

Misery loves company, especially when it comes to debt. Millions of Americans have embarked on far too many shopping sprees, resulting in some serious debt-most of it courtesy of easy access to credit cards. Fortunately, you can return to fiscal happiness with a refinance of your first mortgage or a home equity loan.

Refinancing? Get a Head Start on Your Lender

By:: MortgageLoan.com - MortgageLoan.com | Fri, 10/06/2006

Approving loans for consumers is the bread and butter of mortgage companies, which exist to land-shall we say-plenty of bread. If you understand how the loan process works, you can prepare in advance and have a speedy and headache-free refinance.

Refinance with an Option ARM

By:: MortgageLoan.com - MortgageLoan.com | Thu, 10/05/2006

The "option" adjustable-rate mortgage ("ARM") is a relatively new type of mortgage created specifically for those who enjoy more control over their monthly payments. Not only does the loan have the typical features of an adjustable rate mortgage, it also offers additional options for paying interest plus principal, interest only, or only partial interest.

Converting a HELOC to a fixed rate Home Equity Loan

By:: MortgageLoan.com - MortgageLoan.com | Wed, 10/04/2006

Many homeowners who have enjoyed the convenience and savings of a home equity line of credit (HELOC) aren't enjoying the consequences of rising interest rates. As a result, many are now turning to fixed rate equity loans instead. Converting from one to the other is neither a difficult nor expensive process.

Jumbo Mortgages: The Pros and Cons

By:: Tom Kerr - MortgageLoan.com | Tue, 10/03/2006

Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans. While they're convenient, they also charge slightly higher interest rates. Since the dollar amount that defines a jumbo mortgage is redefined each year, it's subject to change.

Interest-Only Second Mortgages

By:: Tom Kerr - MortgageLoan.com | Mon, 10/02/2006

Securing a second mortgage is a convenient way to arrange a loan for extra buying power. By choosing an interest-only option, homeowners can maximize their monthly cash flow, by postponing payments of principal. Interest-only loans can be found as a home equity line of credit, more commonly known as a HELOC.

Helpful Hints: Choosing a Mortgage Lender/Broker

By:: Greg Mischio - MortgageLoan.com | Fri, 09/29/2006

In the land of the free and the home of the brave, there are always plenty of consumer choices. Just think how many different places you can go to buy a pair of shoes, for example. The same holds true for mortgages. There are a multitude of entities offering mortgage loans: Bankers, brokers, credit unions, and home sellers, too. It can be overwhelming, but it can also work to your advantage. Simply find the reputable lender offering the best price, and the miracles of the free market can result in an ideal mortgage.

Rising Interest Rates? Time to refinance your HELOC

By:: MortgageLoan.com - MortgageLoan.com | Thu, 09/28/2006

With interest rates rising, there's no time like the present to get your financial ducks in a row in order to save money. Back when rates were still cheap, home equity lines of credit (HELOCs), with their low introductory adjustable rates, were the preferred way to go. But now that they're becoming pricey compared to other loans, consumers are seeking prudent alternatives.

Money Problems? Consolidate Debt with a Home Equity Loan

By:: Nikki Goldbeck - MortgageLoan.com | Thu, 09/28/2006

Are you wary of promises to "wipe away debts?" While such offerings may be tempting, the only way to make your debts disappear is to pay them. However, it's possible to make paying off debts a reality with intelligent use of your most important asset-your home.

Bad Credit? You Can Get a Mortgage Loan

By:: Steven Powers - MortgageLoan.com | Wed, 09/27/2006

If you're discouraged because your bad credit seems to present an insurmountable obstacle to owning a home, don't be. There are many financing options available to you, once you understand the sub-prime mortgage marketplace.

Bad Credit Home Equity Loans

By:: Greg Mischio - MortgageLoan.com | Tue, 09/26/2006

America is the land of opportunity-especially when it comes to mortgages. Even those who have damaged credit and need a home equity loan will discover that there are plenty of lenders out there willing to do business. The key to picking the right mortgage is to get many different offers and keep a sense of perspective about your overall financial situation.

Rising Interest Rates? Time to refinance your HELOC.

By:: MortgageLoan.com - MortgageLoan.com | Mon, 09/25/2006

Lenders Are Sweetening Home Equity Loans

By:: MortgageLoan.com - MortgageLoan.com | Fri, 09/22/2006

Is the home equity spending spree coming to a close? After years of low interest rates, homeowners are no longer tapping equity like it's water from the faucet. Interest rates on a line of credit, once hovering in the 4.5 to 5 percent range, have crept into the 8 percent area. It's put a crimp in the mortgage business, prompting lenders to get innovative. Instead of just offering the usual alternative- fixed-rate home equity loans- lenders are proposing a variety of intriguing new incentives.

Home Equity Loan Helps Prepare for Sale

By:: MortgageLoan.com - MortgageLoan.com | Thu, 09/21/2006

One of the smartest ways to add value to your home is to spruce it up with a quick makeover. And if you plan to sell your house, such a strategy can pay off in a higher sales price and a shorter time on the market. A home equity loan is an ideal source of cash to help finance such a project.

Refinancing to a New ARM

By:: MortgageLoan.com - MortgageLoan.com | Wed, 09/20/2006

Mortgage borrowers are arming themselves with a new perspective on home loans. Instead of instinctively reaching for the 15- or 30-year mortgage when it comes time to a mortgage refinance, borrowers are warming to the notion of adjustable rate mortgage (ARMs). Complete with low introductory interest rates, ARMs allow borrowers to stretch their dollars and afford bigger mortgages. It's giving rise to a new viewpoint on home loan refinancing.

Bi-weekly Loan Programs

By:: MortgageLoan.com - MortgageLoan.com | Tue, 09/19/2006

Nowadays, there are many mortgage programs with complex bells and whistles. But one of the oldest and most sensible programs is the bi-weekly mortgage payment plan. Based on solid economic common sense, it can save you a significant amount of money over the lifetime of your mortgage.

Bad Credit Mortgages and Home Equity Loans

By:: MortgageLoan.com - MortgageLoan.com | Tue, 09/19/2006

If you've abused your credit in the past and want a home equity line of credit, don't give up. Loans may be harder to come by, but they're definitely available to you. In fact, many lenders specialize in so-called "bad credit" loans, and lend money to people who have low credit scores, bankruptcy, judgments, liens, and other blemishes on their borrowing record.

Finding a Home Mortgage with Limited Funds

By:: MortgageLoan.com - MortgageLoan.com | Mon, 09/04/2006

For many, the American Dream of homeownership is a far cry from the cold, harsh financial realities. Without sufficient money for a down payment and not enough income to make monthly payments, homeownership is becoming increasingly difficult for a growing number of consumers. However, there are unique approaches to financing that could make home ownership a realistic option once again.

Home Mortgages for the Long-term

By:: MortgageLoan.com - MortgageLoan.com | Fri, 09/01/2006

Housing costs have ballooned during the past few years. Even if they come back to earth, buyers are still facing challenges when trying to secure manageable mortgages. To meet the demand, mortgage lenders have begun offering longer amortization schedules, including 40- and 45- year mortgages. These may be attractive if you're shopping for a dream home with an expensive price tag.

Refinancing? Five Questions to Ask Your Mortgage Lender

By:: MortgageLoan.com - MortgageLoan.com | Mon, 08/28/2006

The Captain and Tennille, pop stars from the 70s, had a big hit with their catchy ditty "Shop Around." For homeowners who want to refinance, that song is just as applicable to picking a mortgage lender as it was to finding Mr. or Ms. Right. "Shop around" and you can find a great loan. By asking the right questions, you can find a new mortgage loan that's in-tune with your budget.

Home Equity Loans in a Rising Interest-Rate Environment

By:: MortgageLoan.com - MortgageLoan.com | Mon, 08/28/2006

The recent rise in home values has created a tremendous boon in home equity, and homeowners are eager to tap it. However, the rise in interest rates makes a cash-out refinance of a first mortgage an unpalatable option. But there are choices for homeowners who can't wait for the next dip in interest rates to tap their equity. Using a home equity loan, or a home equity line of credit, might be the best way to tap equity in a rising rate environment.

Refinance with a fixed-rate interest only mortgage

By:: MortgageLoan.com - MortgageLoan.com | Mon, 08/28/2006

Rising interest rates tend to restrict the lending options of homeowners. When rates spike, 15- and 30- year loans become less attractive. Things get particularly bad when the gap between long-term and short-term rates narrows; this results in higher rates for Adjustable Rate Mortgages (ARMs), which are known for great introductory rates. With lending options limited, cash-strapped homeowners may turn to another option: The fixed-rate interest only mortgage.

Refinancing: What's the Right Amount for You?

By:: MortgageLoan.com - MortgageLoan.com | Mon, 08/28/2006

If money talks, then most homeowners wish those lovely little greenbacks would tell them exactly how much money they should borrow when refinancing a home. Unfortunately, your cash won't give you any hints about how big or small your mortgage loan should be. It's entirely up to you to figure it out. While the number of lending options on the market may appear confusing, there are some pretty straightforward ways to figure out what loan size is right for you.

Business Loan? Second Mortgage!

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

Small business owners and entrepreneurs sometimes get sweaty palms when faced with the challenge of making a convincing presentation to bank officers or private investors in order to get needed investment capital. Competition for funds is fierce. Even with a stellar proposal, many businesses are rejected when they ask for loans. But others get around the red tape by tapping into their home's equity.

Interest-Only Mortgage or HELOC? Which is Better?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

If you find yourself in a cash crunch, you may choose to tap into your home's equity to find much-needed funds. A mortgage loan that allows you to pay back interest only during the first few years can be beneficial if you find yourself in this situation. The two most desirable options for people caught in this bind are either an interest-only loan or a home equity line of credit (HELOC).

Cash-Out Refinance or Second Mortgage?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

Borrowing against the equity in your home is an easy way to access cash for a home improvement project or debt consolidation. The two most popular options are the cash-out refinance and the second mortgage. Both can get you what you need, but each has different factors that can influence whether it's the right loan for you.

Shopping for a HELOC

By:: Greg Mischio - MortgageLoan.com | Fri, 07/28/2006

Although you may have knowledge and experience regarding how to shop for a traditional first or second mortgage, browsing around for a home equity line of credit (or HELOC) is a loan of a different color. The good news is that it's normally a much easier and less costly procedure, with some rather attractive perks.

Choosing the Right Home Equity Loan Option

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

There are a dizzying number of lending options available to borrowers. To help you narrow your focus, start with the end product: the cash. Do you want a lump sum, or would you prefer to draw the money out in smaller increments? This decision can help pinpoint the loan that's just right for you.

Is it Time to Refinance Your Second Mortgage?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

Refinancing fever hit its peak a few years ago because of rock-bottom rates. Now, the fever is back; but this time, it's because rates are rising steadily. Many people have already refinanced their first mortgages. Even so, now may be the right time to refinance a second mortgage or home equity loan, and consolidate junior loans into a single first mortgage.

Finding Funds: Second Mortgage or 401(k)

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

If you're on the prowl for cash, you may have considered borrowing from your 401(k) plan. Many financial planners would encourage you not to touch your nest egg, and for good reason. If you crunch the numbers and consider the costs of borrowing from your 401(k), a second mortgage proves to be a much better option.

Top Three Reasons to Take a Second Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

There are plenty of ways to tap the equity of your home, but not every one is the right option for you. The choice may automatically be made for you once you take a careful look at your borrowing options. Why should you take a second mortgage? Let's count the ways. Here are three reasons why a second mortgage would be your ideal choice.

Risks of Home Equity Loans

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

Home equity loans are great financial tools. However, if you abuse them, you may find yourself on a bridge over troubled financial waters. Here are four common mistakes people make that can cause serious problems. Avoid them, and you'll enjoy all the perks, while avoiding the pitfalls.

Home Equity Loan instead of Bridge Loans

By:: Tom Kerr - MortgageLoan.com | Fri, 07/28/2006

If you're buying a new home, you may need to sell your existing one in order to finance your new purchase. Not everyone has enough money to straddle two pieces of property. Even if you've already found the house of your dreams, you may not be able to buy it if your first home is still on the market. When the timing of two real estate transactions is not ideal, you can use a home equity loan to bridge the gap. But you'll need to plan ahead.

A Refinance Checklist

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

One of the biggest headaches in the loan application process is producing verification documents for your lender. Borrowers are asked to provide proof of employment, income, assets…the requirements can go on and on. While it can make for a rather trying ordeal (particularly if you're not organized), the documentation is a necessary evil. One, it provides your lender with a degree of risk management; and two, it can prevent you from taking on too much mortgage debt.

Is a Second Mortgage Right for You?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 07/28/2006

Knowing your mortgage options can only help your decision-making. When it comes to mortgage loans, understanding how the products work not only makes deciding on a loan easier, it can save you thousands of dollars. This article will provide you with an in-depth look at one popular lending option-the second mortgage.

Pay Off Interest Only Loan with Mortgage Refinancing

By:: MortgageLoan.com - MortgageLoan.com | Tue, 07/11/2006

Interest-only loans have helped many buyers purchase more real estate than they may have been able to handle otherwise. They accomplish this by offering lower monthly payments and higher tax deductions. But many homeowners are now facing the interest-plus-principal phase on their interest-only mortgages. With rates on the rise, refinancing to a more traditional loan may be a timely choice.

Refinancing in Spite of Prepayment Penalties

By:: MortgageLoan.com - MortgageLoan.com | Mon, 07/10/2006

Many homeowners wonder whether they can refinance their loans to lock in lower rates before interest rates climb higher. And because some borrowers have loans that include stiff penalties for early repayment, it may not seem like a viable option. Let's examine the issue of so-called "prepayment penalties" to see how they impact your financial freedom.

Refinancing? Know Your New Vantage Score

By:: Barbara Eisner Bayer - MortgageLoan.com | Fri, 06/30/2006

The FICO credit scoring system has traditionally been the single most important decision-making tool for lenders. Now, Experian, a major credit bureau, has launched a new credit rating system called VantageScore.

Which to Pay First - First or Second Mortgage?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 06/30/2006

When you receive an unexpected windfall or bonus, it makes sense to pay off a major debt, such as a first or second mortgage. Some borrowers automatically elect to pay off the second, because it's smaller. Others pay the first, because it came first and has been around the longest. But there is a mathematical answer to the question of which has priority, and it depends on the rate of interest and the terms of the loan payback.

Need Money? Take a Second Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Fri, 06/30/2006

Life costs money. Kids, the mortgage, cars, food, that darn cable bill-expenses are a part of everyone's lives. Unfortunately, there will be times when those expenses tend to outweigh the income, and a short-term cash crunch may be a problem. While every household needs to be careful to keep its spending under control, a second mortgage can be an ideal method for freeing up some much needed money.

Combine Two Mortgages into One Through Refinancing

By:: MortgageLoan.com - MortgageLoan.com | Tue, 06/27/2006

When it comes to multi-tasking in this post-modern age, mortgages defy conventional wisdom: Two is not necessarily better than one. If you're growing weary of juggling loans along with everything else life throws at you, refinancing to combine your mortgages might be a timely option. When it comes to debt, simplicity is always a good strategy, and combining mortgages through a simple refinancing is a great idea in today's changing economic environment.

Pay off HELOC with Cash-out Refinancing

By:: MortgageLoan.com - MortgageLoan.com | Tue, 06/27/2006

A few years ago, when you opened your home equity line of credit (HELOC), you thought you'd found the perfect financial tool. With a flexible line that you could tap when you needed, it seemed like the ideal way to take care of short-term debts. But every financial tool has its shortcomings, and the HELOC is no different. With the recent climb in the prime rate, you've probably noticed that less and less of your monthly payment is going toward principal. Fear not-a cash-out refinance of your first mortgage could be the answer to your short-term woes.

Converting your HELOC to a Traditional Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Mon, 06/26/2006

A home equity line of credit-known by mortgage pros as a HELOC-is a good way to borrow, especially for those who want streamlined loan applications and lower origination fees. But HELOCs are tied to the prime rate, and adjust accordingly. In times of rising interest rates, a fixed-rate traditional mortgage may be a more attractive cost-conscious alternative to the HELOC, which is more attractive in low interest-rate environments.

Second Mortgage for Debt Consolidation

By:: MortgageLoan.com - MortgageLoan.com | Mon, 06/26/2006

Debt can happen quickly. A few trips to the mall, some purchases over the Internet, and a couple of large household expenses sandwiched in-between, and you're in the red. The next thing you know, you're in financial trouble, carrying balances from month to month on your credit cards. While it's easy to get into this predicament, it can be difficult to work your way out. There's one invaluable tool that can help you climb back into the black: the second mortgage, a debt-ridden homeowner's best friend.

Debt Problems? Consolidate Loans with a Mortgage Refinance

By:: MortgageLoan.com - MortgageLoan.com | Fri, 06/16/2006

Many kinds of debt could be paid off with a cash-out mortgage refinancing, giving you better terms and a lower overall interest rate. It's particularly useful if your current financial situation is tight, or your debt has high interest rates.

Is the 125 Percent Home Equity Loan Right for You?

By:: MortgageLoan.com - MortgageLoan.com | Fri, 06/16/2006

The 125 percent home equity loan, which allows you to borrow more money than your home is actually worth, could leave you unable to sell your house and locked into a high interest rate loan. Only in extreme circumstances should a lender consider the 125 percent home equity loan.

Home Improvement Time - HELOC or Home Equity Loan?

By:: MortgageLoan.com - MortgageLoan.com | Wed, 06/14/2006

Summer is everyone's favorite time for reading, traveling, and home improvement projects. A wise way to manage financing the latter is to tap into your accumulated home equity. But before you visit your bank, it's important to decide whether you want to use a home equity loan or a home equity line of credit.

The 2 Percent Refinance Rule - Fact or Fiction?

By:: MortgageLoan.com - MortgageLoan.com | Wed, 06/14/2006

Someone, somehow, somewhere came up with a rule that the only time you should refinance your mortgage is when interest rates drop 2 percent below your loan's current rate. While the logic behind the rule-that you want to recoup your closing costs over time-may be sound, it simply doesn't apply to every situation.

Mortgage Refinance - Tax Deductions and Points

By:: MortgageLoan.com - MortgageLoan.com | Mon, 06/12/2006

Paying points to lower the interest rate on a loan can be a great idea, especially if you're considering staying in your home for an extended period of time.

Pay off Your Mortgage with Home Equity Loan

By:: MortgageLoan.com - MortgageLoan.com | Sun, 06/11/2006

Although it may seem strange to pay off your mortgage with a home equity loan, in some special circumstances, it makes good financial sense. It's especially attractive to those who hold a mortgage with a high interest rate and a small outstanding balance, and want to refinance for a lower rate.

Best Time to Refinance

By:: MortgageLoan.com - MortgageLoan.com | Sun, 06/11/2006

There are many conditions that can make the time right for a mortgage refinance. Generally, it's a combination of current interest rates and/or your personal financial needs. There's no hard and fast rule; but after you've crunched enough numbers and done your homework, you'll have a good sense of when the time is right for you.

Mortgage Rate Quote

By:: MortgageLoan.com - MortgageLoan.com | Thu, 06/08/2006

Getting a mortgage rate quote allows you to shop confidently for a home, knowing that you will be able to afford your purchase. There are different types of mortgage rate quotes, with varying amounts of accuracy. Of course, you will not know the exact dollar amount that you will be spending until you close on your home, but you can get a very good idea.

Refinance Basics

By:: MortgageLoan.com - MortgageLoan.com | Wed, 06/07/2006

Refinancing a mortgage can be an excellent financial decision. If the interest rate that you are currently paying is higher than the current interest rate, you may want to look into refinancing your mortgage.

Become A Mortgage Broker

By:: MortgageLoan.com - MortgageLoan.com | Wed, 06/07/2006

For someone in search of a new career, becoming a mortgage broker can be an excellent choice. Mortgage brokers are responsible for matching up prospective home buyers with suitable mortgage lenders. Mortgage brokers, who must find the best rate for their client, while at the same time providing the mortgage lenders with loans that are secure, must be detail oriented, patient, and enjoy working with people.

Afford Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Tue, 06/06/2006

Buying a home, right up there with getting married and having a child, is seen as the pinnacle of adulthood, and for many it fulfills a lifelong dream. Unfortunately, many people never take this step due to fear that they can not afford a mortgage.

Online Mortgage Quote

By:: MortgageLoan.com - MortgageLoan.com | Tue, 06/06/2006

Online businesses continue to gain in popularity, and one area that is showing considerable growth is in online lending. Online lending is a great choice for both lender and consumers.

Financing a Second Home? Use a Home Equity Loan

By:: MortgageLoan.com - MortgageLoan.com | Mon, 06/05/2006

Leveraging one asset to purchase another one can be a shortcut to wealth, especially when the strategy is applied to real estate. If you own your own home and have watched its value appreciate over the last few years, you may be an ideal candidate for using a home equity loan to buy a second home.

Cash-out Refinancing to Pay For College

By:: MortgageLoan.com - MortgageLoan.com | Sun, 05/28/2006

A cash-out refinancing can help you pay for your child's education, with reasonable terms. The summer after your child's graduation from high school could be the perfect time to adjust your old mortgage.

Avoid High Jumbo Loan Rates with a Second Mortgage

By:: MortgageLoan.com - MortgageLoan.com | Fri, 05/26/2006

High-ticket purchases of real estate usually require loans that are so large, they don't conform to the federal guidelines for conventional loans. These are called Jumbo Loans. Mortgage interest rates are normally a quarter of a percentage point higher for Jumbo Loans than they are for conventional loans. One way to avoid the Jumbo Mortgage is to divide your loan into two parts: a first and a second mortgage.

Second Mortgage to Acquire Investment Property

By:: MortgageLoan.com - MortgageLoan.com | Fri, 05/26/2006

Using a second mortgage to buy investment property can be a smart and direct route toward the creation of an income-producing real estate portfolio. By using the unrealized cash value of your first home, you can purchase other real estate. This technique is especially useful during sluggish real estate markets, when interest rates are high and sellers' expectations-and asking prices-are low.

Versatility of HELOCs

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/24/2006

When it comes to versatility, few lending options can equal a home equity line of credit (HELOC). Unlike a home equity loan, which requires borrowing a lump sum at a fixed rate, the HELOC offers exceptional flexibility.

Refinancing Your Mortgage? Tips for Cutting Costs

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/24/2006

No matter what your reason for refinancing your mortgage- lower monthly payment, access to cash, debt consolidation-you'll want to make sure your mortgage isn't loaded down with unnecessary costs. Before you sign any dotted line, keep in mind these cost-cutting tactics.

Mortgage Term - What's the Best for You?

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/22/2006

A crucial decision you will make when selecting a mortgage loan is the length of your term. Should it be 15, 20, or 30 years long? There are advantages and disadvantages to each. By examining the pros and cons, you can get the best bang for your buck.

How does a Home Mortgage Work?

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/22/2006

To many of us, financial instruments can be frightening and complex. This holds true for mortgages, which are the largest financial transaction most people will ever make. Once you understand how they work, they won't be scary any longer, and you'll understand how they're a vital ingredient in the recipe for the American dream.

Online Refinance

By:: MortgageLoan.com - MortgageLoan.com | Fri, 05/19/2006

An online refinance is something that can be carried out over the Internet just as much as any other paperwork intensive transaction can be done online. It is not a different kind of loan, nor is there any less labor intensive "online refinance" that is cheaper or faster.

Home Equity Line of Credit - How Much Should You Borrow?

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/18/2006

When you decide to get a home equity line of credit (HELOC), it's important to determine how large your credit line should be. This may be an easy decision as far as financial choices go; but you still should choose your credit limit wisely.

Mortgage Refinancing - How Many Points Should I Add?

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/18/2006

Your mortgage interest depends on several variables. Some of them, like the economic environment and your past credit history, are not easy to change. Prepaid interest points, on the other hand, give you some control over your interest rate.

College Tuition Challenges? Try a 2nd Mortgage!

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/17/2006

If you're a parent who's ready to send your child off to college, you may be in for a rude awakening. All those nickels, dimes and hundred dollar bills you've saved over the years may not be enough to afford today's astronomical college tuitions. A second mortgage loan, however, could be the answer.

Refinancing after a Bankruptcy

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/17/2006

The idea of a mortgage refinancing after a bankruptcy might seem unrealistic. But the truth of the matter is that it can begin sooner than you'd expect. Only six months after a bankruptcy has been finalized, you can start the process of refinancing your mortgage and rebuilding your financial life.

Should I refinance my home mortgage?

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/15/2006

Should you or shouldn't you? Luckily, when considering refinancing your home mortgage you do not have to rely on gut feeling, and a beneficial outcome is not dependent on stumbling upon the right broker; a refinance home mortgage decision is based upon quantitative analysis and investigative research, which is fancy talk for running the numbers and talking to lenders.

Quick Mortgage Tips - Five Tips to Help You keep Your Sanity

By:: MortgageLoan.com - MortgageLoan.com | Sun, 05/14/2006

Shopping for a mortgage should be approached just as seriously as shopping for a car. When you purchase a new car, you usually spend a lot of time researching consumer reports, shopping different dealers for different sticker pricing, and looking into auto financing. The same holds true, if not more so, for your mortgage. Unlike a car, at least your home has a chance to appreciate after you buy it!

Using a Home Equity Line of Credit for College Tuition

By:: MortgageLoan.com - MortgageLoan.com | Sun, 05/14/2006

As college tuition continues to rise faster than the rate of inflation, consumers need to investigate all possibilities to pay for their children's educations. A home equity line of credit (HELOC) is a practical way to pay tuition without sacrificing your own financial future.

Pros and Cons of Second Mortgages

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/11/2006

Second mortgages have become an invaluable source of funds for borrowers who have used their home equity for debt consolidation or to pay for college tuition. However, second mortgages are still borrowed money, and the pros have an equal number of cons.

Time to Refinance Your Adjustable Rate Mortgage?

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/10/2006

As interest rates rise, it's hard to predict how high variable rates will go. If you have an adjustable-rate mortgage, there may be no better time than now to lock in a fixed rate by refinancing your mortgage, before rates climb closer to double digits.

Using a Home Equity Line of Credit to Reduce Debt

By:: MortgageLoan.com - MortgageLoan.com | Wed, 05/10/2006

If you own a home, your accrued equity may be an excellent resource to help with the reduction of your personal debt. Consider a home equity line of credit, commonly referred to as a HELOC. It's not difficult to acquire, and you can use it whenever you decide, for any expense you choose.

Bad Credit, an opportunity...

By:: MortgageLoan.com - MortgageLoan.com | Tue, 05/09/2006

A bad credit refinance loan is not the end of the world; in fact, it can reduce your monthly debt to a workable sum and put you back on track to establishing good credit.

Second Mortgage - Some clarity please

By:: MortgageLoan.com - MortgageLoan.com | Tue, 05/09/2006

What are the different types of loans that are grouped under the term second mortgage? Understand the home equity loans and HELOCs and what they are 2nd to...

Home Mortgage Refinance

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/08/2006

A new mortgage loan with new terms wich is used to pay of your current mortgage, or mortgages, that's what home refinancing is about. Why can it pay off? When?

Examining home equity loan rates

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/08/2006

Money costs money, but how much? Rates, fees, and conditions of home equity loans differ greatly between programs. If you are serious about entering into a home equity loan, you should examine the loan programs in its entirety. We will help you out.

Mortgage Interest Rates

By:: MortgageLoan.com - MortgageLoan.com | Fri, 05/05/2006

Mortgage interest rates favorable to home buying are still available, even if mortgage interest rates are still on an upward trend. Refinancing is today more need driven than rate driven.

Home Loans

By:: MortgageLoan.com - MortgageLoan.com | Fri, 05/05/2006

Real estate experts report say location, location, location. The financing is much more complex...

Mortgage Refinance to Reduce the Term

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/04/2006

Often, when consumers take out a mortgage to buy a house, their financial situation changes over time. It's not unusual for you to outgrow the terms of your original mortgage. Refinancing is a convenient way to change the rules of the game.

Mortgage Loans

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/04/2006

There are as many different types of mortgage loans as there are people - probably more.

2nd mortgages are specific to borrowers needs

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/04/2006

A 2nd mortgage is titled as such because it is a loan separate from your primary mortgage.

Refinance Your Mortgage and Build Your Credit Rating

By:: MortgageLoan.com - MortgageLoan.com | Thu, 05/04/2006

If your credit rating is poor, you can find a sub-prime lender to refinance your mortgage. Then, make regular, on-time payments on your mortgage and other bills. If you're disciplined, you can dramatically improve your credit rating.

No Emergency Fund? Try a Home Equity Line of Credit

By:: MortgageLoan.com - MortgageLoan.com | Tue, 05/02/2006

Financial planners recommend that you have three to six months in savings as an emergency fund. However, generating that extra cash can be challenging. That's when a home equity line of credit (HELOC), with its flexible terms, can be a true lifesaver.

Home Equity Loans versus Second Mortgages

By:: MortgageLoan.com - MortgageLoan.com | Tue, 05/02/2006

One of your greatest sources of funds, your home, may be an asset only on paper. If a time comes, however, when you need money, it can be conveniently tapped for cash by taking out an equity loan or a second mortgage.

The Hidden Costs of Mortgage Refinancing

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/01/2006

If you're thinking of a home loan mortgage refinancing, it can be helpful to sit down and consider the pros and cons. The first step is to figure out the costs and savings of rolling your old loan into a new one.

Mortgage Refinance and Taxes

By:: MortgageLoan.com - MortgageLoan.com | Mon, 05/01/2006

Refinancing your home mortgage can bring in extra cash and lower your payments. But it can also mean higher taxes. We'll show you how your deductions are affected by different kinds of refinancing loans.

Financing a Second Home with a Second Mortgage Loan

By:: MortgageLoan.com - MortgageLoan.com | Fri, 04/28/2006

Many of us dream of owning a second home, perhaps as a vacation or income-producing property. Is financing a second home with a second mortgage an option?

Refinancing Tips - Five Steps to a Speedy Loan

By:: MortgageLoan.com - MortgageLoan.com | Thu, 04/27/2006

As the refinancing boom draws to an end, it's still possible to lock in a great rate. Here are five steps to ensure that you get an attractive deal before it's too late.

Debt Consolidation - Borrowing against Home Equity to Pay off Debts

By:: MortgageLoan.com - MortgageLoan.com | Mon, 04/24/2006

Recently, bargain-basement interest rates have begun to edge upward, making the cost of borrowing a bit more expensive. However, it's still not too late. One of the best sources of money for loans is built right into the building called your home.

Refinancing - A Look at Your Options

By:: MortgageLoan.com - MortgageLoan.com | Mon, 04/24/2006

Taking advantage of lower interest rates is a great reason to refinance your mortgage, but far from the only one. With a simple home mortgage refinancing, you can get a loan that you can afford, cash out some of your equity, or improve your credit score.

Second Mortgage Loans for Home Improvements

By:: MortgageLoan.com - MortgageLoan.com | Fri, 04/21/2006

A second mortgage is often used to add value to your home. When you have equity in your property, you can borrow against it through a second mortgage. Then, you can spend the money on home improvements, which add even more equity to your property.