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California is a beautiful place to live There is no doubt about that. But, to live in California you must pay the price, which is sky high real estate prices. Renting, as opposed to buying in California, can save a little bit of money. However, renting has the disadvantage of not building any equity. As [...]
Should you go for second mortgage or prefer refinancing your first mortgage? Second mortgage is always offered at higher rate of interest than the first one. Moreover, second mortgage reduces your equity in the home. These two drawbacks of second mortgage give upper hand to mortgage refinancing. Mortgage refinancing is done to cut down monthly [...]
For a potential borrower, it is normal to be fearful of what the lenders demand of them. Those pursuing a mortgage, or a loan of any kind, feel as though they are completely vulnerable. However, what many borrowers do not realize is that their bargaining power does carry a certain amount of weight. Today, in [...]
Scenario:I have a foreclosure soon to take place on my first mortgage. What happens to the second mortgage if it is paid up to date? I was so stupid that paid a company XYZ $1000 to negotiate a plan for paying the first loan. they promised me that the first mortgage lender would surely accept [...]