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Seven Ways to Fall In Love With Your House… Again
You may wonder how you ever fell in love with your house. This Valentine’s Day, recreate the magic and fall in love with your home all over again. Read More» |
4 Home Improvement Loan Options
There are many reasons to renovate your home. Here are a few ways to finance the project. Home renovation is an excellent way to breathe new life into your aging surroundings. Read More» |
Second Mortgage Shopping Tips
Shopping during the holidays is a battle. If you want a Zooble, protective kneepads and goggles are in order. Thankfully, shopping for a second mortgage is a quieter kind of battle—no shoving and pushing required. Read More» |
Six Second Mortgage Pitfalls
Mistakes are inevitable. According to George Bernard Shaw, “Success doesn’t consist in never making mistakes, but in never making the same one a second time.” But an educated consumer can succeed without making any. Read More» |
Financing a Second Home
If you’re one of the lucky ones who has a steady job and cash in the bank, you may be itching to buy a second home. With low interest rates and sellers dying to sell, this may be the perfect time. Read More» |
Mortgages to be Thankful For
Thanksgiving means more than turkeys, sweet potatoes, and pumpkin pie. It’s the time to express gratitude for all the blessings in your life. Here are six things in the mortgage industry to be grateful for. |
Be Wary of the Scary in Second Mortgages
During Halloween, everything spooky becomes kooky. From phony vampire blood, to skeletons trick or treating at your door, nothing is particularly scary on one day of the year – the 31st of October. The opposite, however, can be said about second mortgage loans every day of the year. While they don’t look dangerous on the outside, frightening things lurk below their non-menacing exterior. |
Help for Homeowners with Second Mortgages
Second mortgages have been a fickle friend to U.S. homeowners. First they freed-up cash, but then they became an increasing burden as unemployment rose, and home values faltered. |
Tax Consequences of a Second Mortgage
Everyone loves to hate income taxes. So one aspect of the U.S. tax code that’s enormously popular is the mortgage interest deduction, which provides sizeable tax breaks on first and second mortgages. |
Three Best Reasons for a Second Mortgage
Second mortgages have been accused of playing the role of bad boy in the mortgage crisis. Many borrowers, who wanted to buy homes with no money down, were piggybacking second mortgages on top of first ones. In addition to new homes, they were acquiring massive amounts of debt. Since everyone “knew” that housing prices would continue to climb, no one was worried about paying those loans back. They could always refinance and get more money out of the increased home equity to cover whatever financial woes they encountered. |
National Rates
| Loan Type | Today | +/- |
|---|---|---|
| 30 yr fixed | 3.80 |
|
| 15 yr fixed | 3.10 |
|
| 5/1 ARM | 2.73 |
|
Rates may contain points
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