Refinance Home Loan Mortgage – appraisals precautions

Louie Latour asked: Balloon mortgages have a bad reputation these days; however, when used properly they can be an excellent short-term fix to a financial need. Here is how you can use a balloon mortgage to your advantage.Balloon loans are a short-term mortgage that provides very low monthly payments and low interest rates for a [...]

Joe Walsh asked: Your choice to refinance a 2nd mortgage must never be taken with a grain of salt and yes, of course it’s a method of getting additional funds, but it also means acquiring a shiny new loan. You have to make sure the 2nd mortgage doesn’t only come with surplus cash, but better [...]

Michael Kohler asked: If you are considering refinancing your mortgage due to an inability to make your current mortgage payment, or to get equity out of your home due to appreciation in value, there are a few things you should consider before making this large financial decision. Your house is probably your biggest investment and [...]

C.L. Haehl asked: You initially chose an 80/20 or 70/30 loan for one of two reasons: you don’t have funds available for a down payment or you want to avoid having to pay private mortgage insurance (PMI). You have two loans: one for the majority percentage of the mortgage; the other for a minority percentage [...]