Do I Need a Second Mortgage

Personal Mortgage Advice June 18th, 2008

Perhaps you’ve heard the term “Home Equity Loan.” Home equity loans and second mortgages are really the same thing. A home equity loan is a loan that is borrowed against what you already own in your home. Though just because you own 50% equity in your home doesn’t mean that you can be given that [...]

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Economy Affects Mortgage Interest Rates

Personal Mortgage Advice May 26th, 2008

We go to banks and other financial institutions in search of mortgage loans. We want the best rate we can get. Depending on the time of year and indeed the year itself, the interest rates for mortgage loans can be high or they can be low. They can stay at either end for a period [...]

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Benefits of Reverse Mortgages

Personal Mortgage Advice May 23rd, 2008

Are you over 62 years, looking for a little extra money and own most if not all of your home? If the answer is yes, then a reverse mortgage may be exactly what you’re looking for. Here are some of the benefits a reverse mortgage can offer you:

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Balloon Mortgages

Personal Mortgage Advice May 17th, 2008

In this day and age, almost any type of mortgage that you need can be found.  Homeowners are not limited like their parents and grandparents were.  The choices that exist are a result of the market today and real estate investments.

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Adjustable versus Fixed Rate Mortgages

Personal Mortgage Advice May 14th, 2008

Mortgages are the way we finance our dream home.  Most people make a decision between a fixed rate and an adjustable rate mortgage of some sort.  Before choosing one over the other, learn the advantages and disadvantages of both.

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