Today it can be difficult to secure money to buy a rental home. Lenders tightened their restrictions in order to avoid too many defaults. But that leaves many would-be investors without the properties they want to invest in to make them profitable.One way you can get around the tight mortgage Read more
Is it Better to get a Home Equity Loan or Refinance?
Having equity in your home means you can tap into it if you should need it. How you tap into it depends on your situation. You generally have two options – a home equity loan or a cash-out refinance. They both have their pros and cons.Compare Offers from Several Mortgage Lenders.The option Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Indexwhich measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
Be Careful When Choosing to Tap on Equity
Building your home equity is good. The more you pay against your mortgage, the higher the home equity gets. Once you have grown it high enough, you will be able to tap on equity.The economy is on a steady rise towards recovery. And when the market is doing good, you also expect your property’s Read more
All About Second Mortgages
Any and all mortgages taken out after or simultaneously with the first mortgage are called second mortgages. They are especially potent in environments where home prices are rising because that would mean more equity to borrow against. Second mortgages serve several purposes and appear in a variety Read more
