Second Mortgage Article Archive 2007

Refinance Options for Second Mortgages

By:

Catherine Brock - MortgageLoan.com | November 28, 2007

The first step in deciding how to refinance two mortgages is to know exactly what your options are.

Advice for the Second Mortgage Hunt

By:

Catherine Brock - MortgageLoan.com | November 14, 2007

The road to obtaining a low-rate second mortgage is filled with potholes and dead-end detours. Follow some basic guidelines, however, and you can navigate your way safely to your mortgage closing.

Second Mortgage…Where Art Thou?

By:

Greg Mischio - MortgageLoan.com | October 24, 2007

Most financial events tend to have a ripple effect, leaving plenty of ulcers in their wake. The crisis in the subprime market is a prime example. The upheaval has affected many lending products, particularly the second mortgage.

Second Mortgages - Potential Hazards to Your Financial Health

By:

Tom Kerr - MortgageLoan.com | October 05, 2007

Second mortgages can be a convenient tool for borrowing money, but they can also jeopardize your personal finances because your home is used as collateral. Use them cautiously to avoid unwanted consequences, including the loss of your own house through foreclosure.

Use Caution with Second Mortgages

By:

Greg Mischio - MortgageLoan.com | September 15, 2007

The phrase "buyer beware" is supposed to keep consumers on their toes whenever they hit the malls or buy online. Homeowners should heed a similar warning-"borrower beware"-especially when it comes to home equity loans.

Six "Must-Knows" About Second Mortgages

By:

Catherine Brock - MortgageLoan.com | July 19, 2007

Researching second mortgages can be tricky; if you run a search on the Web, you're instantly bombarded with promises of rock-bottom payments and the lowest rates in town. Before those offers carry you away, take a moment to review some second mortgage basics.

Don't Take Advantage of Your Second Mortgage

By:

Greg Mischio - MortgageLoan.com | March 10, 2007

There are consumers who believe that home equity is the same as cash in a mattress. They think that the equity will always be there, ready whenever they need it. But people who treat home equity like a savings account are in for a rude awakening.

Disadvantages of Second Mortgages

By:

Greg Mischio - MortgageLoan.com | February 27, 2007

The yin and yang of second mortgages tells us that every advantage will have a complementary disadvantage. These are wise words, because while these loans have plenty of benefits, there could be a number of pitfalls.

Down Payment Problems? Try a Second Mortgage

By:

- MortgageLoan.com | February 22, 2007

A piggyback ride helps kids get from point A to B. A piggyback mortgage can help homeowners get around Private Mortgage Insurance-but only if the loan makes sense.

Baby boomers and second homes

By:

Greg Mischio - MortgageLoan.com | February 13, 2007

Baby boomers grab more headlines than Brangelina or TomKat. Because of their sheer numbers, their buying decisions are heavily scrutinized by researchers and the media. One of the hot topics is their effect on the housing market, particularly in regards to financing second homes.