Posts Tagged ‘Variable Interest Rate’

Refinancing An 80-20 or 70-30 Mortgage Loan

Posted on June 7, 2010, 9:24 pm, by admin, under Real Estate.

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 [...]

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Refinance 2nd Mortgage – What You Need To Know

Posted on May 31, 2010, 3:21 am, by admin, under Real Estate.

Terry Edwards asked: There are many reasons why an individual needs to take out a second mortgage on their home. Normally, why you would want to take out an additional mortgage is because you require a large sum of money. Some of the most common reasons for this are because of an unexpected bill, such [...]

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