In the last few years reverse mortgages have been growing in popularity among the elderly. While there are numerous advantages associated with reverse mortgages there are also disadvantages as well. Before you take out a reverse mortgage, be sure you have the whole story.

First,...

What is a stated income second mortgage? A stated income second mortgage is one that does not require the borrower to prove income stated on the application. This is most advantageous to self employed and contract workers who receive a 1099 instead of a W-2 as they would have a difficult time...

Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home. If you browse the marketplace online, you will find most of these loans come with variable interest rates. Some loans are marketed with...

Does the thought of negotiating a property deal in Spanish bring you out in a cold sweat? The complexities of mortgages are confusing enough; let alone considering a different language and legal system.

Never fear though, as there are experts who can guide you through the process and do...

A fifteen year mortgage is a great bet, if youre inclined to gamble on a couple of things. The first, obviously, is that youre betting on your ability to pay the higher mortgage rate over the long haul. If you have your own business, you have control over your employment situation. Then the...

Interest-Only Or 50 Year Mortgages – Do They Really Make Sense?

With hotspots like Las Vegas, much of California and Florida still enjoying a good real estate market, many banks and mortgage companies are now spreading out payments over 50 years to make them more affordable. Prior...

Ever dreamed of running away to live in the sun? Whereas people used to aspire to a second home in a seaside resort, thousands are now looking further afield to find their dream lifestyle.

Its a seductive image sunny weather, relatively cheap property, and with low-cost flights running...

Smarter Internet Research; How to Find the Best Mortgage Refinancing or Second Mortgage Company.

Shopping for a mortgage can, unfortunately, be complex, frustrating and time consuming. If you are in the market for a mortgage refinancing or second mortgage, the Internet can be a great...

They’re spreading like wildfire–interest-only mortgages appear to be the panacea for rising home prices and the incomes that cant quite catch up. You can buy “more house” and have a low mortgage payment and a big tax deduction. Who wouldnt want one, right?

Well,...

Achieving perfect credit is a pipe dream to most consumers with negative credit and no money, or so it seems. Consumers think that theyll have to shell out an arm and a leg to render the services of a credit restoration company or a lawyer to dispute negative credit. And theyre right! I suppose...

Buying a home, like any other big purchase, ought to be done only after one has taken all measures to ensure that they are educated, informed, and prepared. There is nothing more gut wrenching and heart breaking, not to mention just downright depressing, than committing yourself to a six-figure...

When interest rates are falling the case for refinancing is clear and obvious. If you can save money each month without big cash costs to refinance then getting new a mortgage is a winner.

But what about when rates are rising? In this situation there may not be any monthly savings. In...