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23 June 2010
Mortgage rates are way down again - and refinancing is up.If you missed out on last year's ultra-low rates, are your chances any better of refinancing this time around?.
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8 March 2010
The influential chair of the House Financial Services Committee is ratcheting up the pressure on lenders to write off nearly worthless second liens to clear the way for loan modifications to help homeowners avoid foreclosure.
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10 November 2009
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?".
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15 June 2009
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.
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1 September 2008
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.
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1 September 2008
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.
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1 September 2008
When the conditions are right, the no equity second mortgage is a powerful option for homeowners.
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1 September 2008
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.
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7 July 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.
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28 June 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.
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20 June 2008
HELOC second mortgages are often structured with interest-only payments, but that convenience doesn't last forever.
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8 May 2008
With mortgage lenders tight on cash, some buyers and sellers are striking up their own financing arrangements to get the deal closed.
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10 March 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.
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10 February 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.
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12 January 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.
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8 January 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.
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27 February 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.
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22 February 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.
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8 November 2006
Real estate prices have soared in many areas in recent years.If you're thinking about pulling some of the equity out of your home with a second mortgage, consider having your home appraised.You'll get a solid idea of the amount of money that's available for borrowing.
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28 July 2006
Refinancing fever hit its peak a few years ago because of rock-bottom rates.Now, the fever is back; but this time, it's because rates are rising steadily.Many people have already refinanced their first mortgages.
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