Second Mortgage Article Archive 2008

Insurance and Your Second Home

By:

Greg Mischio - MortgageLoan.com | July 07, 2008

A second home is not necessarily "home sweet home" when it comes to homeowner's insurance. With house number two, you'll discover the need for more insurance, priced at a higher cost than the premium for house number one. How much higher depends on how closely you follow these money saving tips.

Second Mortgages: Making A Bad Situation Worse

By:

Tom Kerr - MortgageLoan.com | June 28, 2008

Second mortgages came into vogue in a powerful way during the past few years, as borrowers were encouraged by their lenders to use them in lieu of the traditional down payment. But now, the rules have changed, and homeowners are being pushed from the skillet into the open fire.

Second Mortgage HELOCs: Don't Forget the Principal

By:

Catherine Brock - MortgageLoan.com | June 20, 2008

HELOC second mortgages are often structured with interest-only payments, but that convenience doesn't last forever.

Overview of Second Mortgages

By:

Greg Mischio - MortgageLoan.com | May 31, 2008

Tough economic times are hitting consumers hard. As fuel prices rise, people are looking for different ways to drum up cash. One method to consider is the second mortgage, a flexible loan that can be used for a variety of different reasons.

Seller Financing Making a Comeback

By:

Catherine Brock - MortgageLoan.com | May 08, 2008

With mortgage lenders tight on cash, some buyers and sellers are striking up their own financing arrangements to get the deal closed.

Don't be Clueless About Second Mortgages

By:

Greg Mischio - MortgageLoan.com | March 11, 2008

You don't need to be a private eye to find the best second mortgage. Lenders leave you plenty of clues about their products. Take a good look at them, and learn how second mortgages work before you make any decisions.

Second Mortgages Available Locally

By:

Greg Mischio - MortgageLoan.com | March 10, 2008

Don't believe the real estate hype. While the housing market has taken some significant lumps, there are still parts of the country where property values are doing quite well. If you're fortunate enough to live in one of them, you can still tap your home equity for a second mortgage.

Trouble for Second Mortgage Holders

By:

Greg Mischio - MortgageLoan.com | March 05, 2008

The subprime mess has hit lenders and homeowners hard. To stop the bleeding, lenders are reconsidering their instinctive reaction to foreclose on borrowers, particularly second mortgage holders.

Second Mortgage Loans for the Self-Employed

By:

Amelia R. Frost - MortgageLoan.com | February 10, 2008

Self-employed people may find getting an expansion loan a challenging task. However, there are several options available, including no-doc loans, second mortgages, or lines of credit that could provide the financial relief you need.

Solar Home Financing: Alternative to Second Mortgages

By:

Catherine Brock - MortgageLoan.com | January 12, 2008

Homeowners in Berkeley, Calif., may soon have access to low-cost financing for energy efficient home upgrades. A proposed city program would allow Berkeley homeowners to pay for the installation of solar panels and solar hot water heaters through their property tax bill.

Investing in a Second Home

By:

Amelia R. Frost - MortgageLoan.com | January 08, 2008

While some homeowners despair as the housing market slumps, some buyers see it as an opportunity to make an investment. Real estate can be a better long-term investment than CD or money markets, because it offers more potential for profits.