Articles by Subject

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.

Overview of No Equity Second Mortgages

By:
Catherine Brock - MortgageLoan.com | 09/01/2008 - 12:10am

When the conditions are right, the no equity second mortgage is a powerful option for homeowners.

Benefits of a Chase Second Mortgage

By:
Greg Mischio - MortgageLoan.com | 09/01/2008 - 12:26am

The Internet has become an active marketplace as people search for second mortgages. In particular, people have been looking up information on Chase second mortgages. Available in a fixed rate, fixed-term home equity loan or line of credit, the Chase second mortgage can help a homeowner tap his equity.

Insurance and Your Second Home

By:
Greg Mischio - MortgageLoan.com | 07/07/2008 - 12:21am

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 | 06/28/2008 - 12:11am

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 | 06/20/2008 - 12:26am

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 | 05/31/2008 - 1:19am

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 | 05/08/2008 - 1:45am

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 | 03/11/2008 - 2:17am

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 | 03/10/2008 - 2:11am

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 | 03/05/2008 - 6:53pm

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 | 02/10/2008 - 2:15am

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 | 01/12/2008 - 2:19am

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 | 01/08/2008 - 2:19am

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.