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28 July 2006
If you're on the prowl for cash, you may have considered borrowing from your 401(k) plan.Many financial planners would encourage you not to touch your nest egg, and for good reason.
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28 July 2006
There are plenty of ways to tap the equity of your home, but not every one is the right option for you.The choice may automatically be made for you once you take a careful look at your borrowing options.
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28 July 2006
Knowing your mortgage options can only help your decision-making.When it comes to mortgage loans, understanding how the products work not only makes deciding on a loan easier, it can save you thousands of dollars.
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30 June 2006
When you receive an unexpected windfall or bonus, it makes sense to pay off a major debt, such as a first or second mortgage.Some borrowers automatically elect to pay off the second, because it's smaller.
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30 June 2006
Life costs money.Kids, the mortgage, cars, food, that darn cable bill-expenses are a part of everyone's lives.Unfortunately, there will be times when those expenses tend to outweigh the income, and a short-term cash crunch may be a problem.
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26 May 2006
Using a second mortgage to buy investment property can be a smart and direct route toward the creation of an income-producing real estate portfolio.By using the unrealized cash value of your first home, you can purchase other real estate.
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26 May 2006
High-ticket purchases of real estate usually require loans that are so large, they don't conform to the federal guidelines for conventional loans.These are called Jumbo Loans.
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11 May 2006
Second mortgages have become an invaluable source of funds for borrowers who have used their home equity for debt consolidation or to pay for college tuition.However, second mortgages are still borrowed money, and the pros have an equal number of cons.
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9 May 2006
What are the different types of loans that are grouped under the term second mortgage? Understand the home equity loans and HELOCs and what they are 2nd to.
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28 April 2006
Many of us dream of owning a second home, perhaps as a vacation or income-producing property.Is financing a second home with a second mortgage an option?.
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