Second Mortgage Articles

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Can You Get Away With Not Paying a Second Mortgage?

By:: Kirk Haverkamp - MortgageLoan.com | 11/10/2009 - 5:47am

Many of the people who are in serious financial difficulty with their home loans have both a first and second mortgage. Faced with foreclosure and perhaps even bankruptcy, some may wonder “what if I just stop paying the second mortgage? What’s the worst they can do?”

Scouting Out Neighborhoods Before a Home Purchase

By:: Kirk Haverkamp - MortgageLoan.com | 09/14/2009 - 12:35am

So you're found the perfect house. Right price, right size, no looming maintenance problems. But before you take out a mortgage and sign on the dotted line, there's one more thing you need to be sure of: is it in the perfect neighborhood?

Inside the New Mortgage Anti-Predatory Law

By:: Tom Kerr - MortgageLoan.com | 06/15/2009 - 12:36am

Congress moved closer to approval of the Mortgage Reform and Anti-Predatory Lending Act, a new law to regulate the mortgage industry. The proposed mortgage reform legislation is intended to help better protect consumers from mortgage fraud and predatory lending practices.

Builders, Consumers Eye Slow 2009 Housing Market

By:: Tom Kerr - MortgageLoan.com | 03/12/2009 - 1:52am

Mortgage rates are low, but credit is scarce. The housing market is a wreck, and foreclosures are growing. Unemployment rates are approaching double digits, and the job market is in crisis. All of this portends a depressing 2009 for builders and homesellers alike.

Debt-settlement Companies take Federal Trade Commission Spotlight

By:: Greg Mischio - MortgageLoan.com | 10/20/2008 - 1:44pm

The dire consequences of our nation's debt problems have come full circle in recent months. As our most prestigious financial institutions have crumbled, our nation has begun to reassess its addiction to easy credit. Debt-settlement companies have become more popular, and more scrupulous.

How to Buy a Foreclosure

By:: Greg Mischio - MortgageLoan.com | 10/01/2008 - 4:08pm

When times are tough, it seems like the rich get richer. Today's housing market is no different. Real estate investors with the means to buy foreclosure properties are moving quickly. Be forewarned: This can be a tricky business.

Are Online Mortgage Rates for Real?

By:: Greg Mischio - MortgageLoan.com | 09/09/2008 - 12:47am

The Internet could easily be considered the "misinformation" superhighway. Every day, people post articles with inaccurate information. But the big question for homebuyers is, how accurate are online mortgage rates?

Understanding 125% Second Mortgages

By:: Catherine Brock - MortgageLoan.com | 09/01/2008 - 12:35am

All that glitters is not gold. The 125% 2nd mortgage may reduce your monthly debt payment, but it's important to understand the risks before you jump in.

Learn About Piggyback Second Mortgages

By:: Tom Kerr - MortgageLoan.com | 09/01/2008 - 12:06am

The piggyback 2nd mortgage is a small loan used in tandem with a first mortgage in order to help the buyer of a home avoid out of pocket expenses. Like other somewhat exotic mortgages, the piggyback loan should be used wisely and viewed with a modicum of caution and prudence.