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Second Mortgages

Pros and cons: Should you pay cash for your next home?

The National Association of Realtors (NAR) said in June of 2011 that a record-high number of buyers are choosing to bypass mortgage lenders and reach for their checkbooks--nearly one-third of transactions the previous month were all-cash deals. What about you? Should you...

Are you underwater and dealing with a second mortgage?

People with second mortgages are more likely to be underwater than those with only one lien. What can you do if you are underwater and juggling two loans?

What to Think about when getting a 2nd Mortgage

If you're a homeowner and you find yourself a little strapped for cash, it seems like everyone is more than willing to give you the funds you need to get your financial life back on track. With the introduction of the second mortgages and home equity loans, it seems like...

A Second Mortgage and a Second Opportunity

Second mortgage loans can be used to consolidate debt, do home improvements or pay for a great college education. Whatever you decide to do with your loan proceeds it is important to remember that if you default on your payment you can lose your home so you will want to...

Second Mortgages and Their Lenders

A second mortgage is a loan that a borrower takes out based on the equity of his or her previously mortgaged property. These loans are also known as equity loans. Second mortgages are based on the market value of the home minus the balance of the first mortgage. Second...

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