What is a Second Mortgage?
A second mortgage, which is sometimes called a junior lien, can be an option for turning your equity into available funds without having to sell the home. A second mortgage will increase your debt amount. It is considered a second mortgage because if the home should...
Is Refinancing from an FHA Loan to a Conventional Loan an Good Idea?
With Interest rates remaining at historic lows, some homeowners with FHA loans are considering switching over to a conventional loan. Switching can bring some positive changes like a lower payment, less interest, and the chance to get rid of mortgage insurance. In...
Today’s Financing Options That Will Save Homeowners from Foreclosure
At the beginning and even towards the middle of the pandemic-causing shifts in the housing market many real estate market experts voiced concerns over mortgage forbearance programs and the impact it would have when it came time for homeowners to pay them off. They...What Are Rate and Term Financing?
A rate and term refinance can be a useful way to save money on your home loan. What Is It? Basically, a rate and term refinance is a loan improvement. It allows you to exchange your old mortgage for a new one that will hopefully put you in a better financial position....
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