Blog

A loan against your home equity can either be a good or wrong financial step. It depends on how you intend to spend the money. We have highlighted how not to use equity lending below.

If you are wondering whether taking a second mortgage will hurt your credit, then the simple answer is No. Keep reading to learn more.

Home equity mortgage loans allow homeowners to maximize the equity they have built in their properties to secure low-interest loans. But are these loans right for you?

Getting out of debt is one of the life goals that many people struggle with. Those who successfully get out of debt often use strategic financial management techniques such as debt consolidation.

By consolidating your debts, you can better keep track of all your finances. Similarly, if you manage to secure a low-interest debt consolidation loan and still maintain your monthly debt payment rate, you can pay off your debt faster.

Homeowners looking to take a second mortgage on their properties are often skeptical of the loan product to choose and the lender to work with. If this sounds like you, we have you covered.

Whether you are running short of cash or going through tough financial times, it's possible to secure a fixed-interest loan using your home or own property as collateral. 

As the name suggests, a second mortgage is a type of loan taken against your property while still repaying your first mortgage. But why might you consider a second mortgage? 

Before going for home equity mortgage loans, it's necessary to understand the advantages and disadvantages of second mortgages. We've rounded up the pros and cons below, including some second mortgage alternatives.

Most people don’t ask enough questions when taking a home equity loan. We’ve rounded up the five must-ask questions to boost your chances of landing a good deal.

Second mortgages, as the name suggests, are second loans you take on top of a first or primary mortgage. People often take second mortgages when they need a lump sum of money to satisfy their urgent needs.

Consolidating your debt can help you save money and ease your mind. For example, if you have many payments to make every month, a debt consolidation loan will allow you to have one payment a month that needs to be made.

Using the equity you have in your home is a great way to purchase a second property. You can use the equity in your home as a down payment. 

It is good to know how much equity you have in your home if you’d like to apply for a home equity mortgage loan. There are a few ways you can ballpark this is you have owned your home for more than a few years.

Most people believe that they cannot get a bad credit mortgage. The fact of the matter is that many lenders are open to helping people with low credit scores or people who can prove they are improving them.

If you’re considering mortgage refinancing after bankruptcy, you may not know where to start the refinancing process. Here are several questions you can ask your mortgage broker. Call us today to have your questions answered.

With a second mortgage, you can gain funds by leveraging the equity you currently hold in your home. Here are some ways you can get and utilize a second mortgage on your home.

A debt consolidation loan can provide you with the assets you need to get your finances back on track. It is a tool that can be used to lower your monthly payments, lower your interest rates, and consolidate the number of payments you are making each month.

Mortgage refinancing can be an excellent option for many reasons. Refinancing your mortgage can help you save money over the long run. It can also get you the money you need for a big renovation project or other large price tag items that come up in life.

Do you find yourself scattered when bill day comes or having to set multiple reminders throughout the month to make sure you make all of your payments on time? It may be time to consider

Congratulations on turning your spending habits around, paying down debts, and saving money for a home loan. How long should you wait, and will certain loan types scar your credit report for longer? 

Home equity lending is a great option for those times that you need an influx of cash. Maybe you need a new car, you want to pay down debt, or you have some renovations that need to be done. 

Mortgage refinancing is a great way to remodel, pay down debts, or simply save on the interest rate you are paying now. Refinancing for any of these reasons can save you money in the long run, no matter how you decide to use the money.

A debt consolidation loan can be a lifesaver if you hold a lot of high interest rate debt with many different companies. It can save you money in the long run, simplify payments, help you pay off your debts faster, and lower your overall out of pocket monthly payments.

There are a lot of reasons to think about mortgage refinancing. Maybe you are looking for a lower rate, to pay off debt, or access to additional equity in your home. There are many options out there for homeowners of all types when it comes to mortgage refinancing.

Debt hanging over your head can be a massive burden to bear. If you have more debt than you can handle, a debt consolidation loan may be the right choice for you.

Credit problems can happen to anyone, no matter how vigilant they are with payments. Lenders understand that life can sometimes get in the way. There are more ways to obtain a bad credit mortgage if you have poor credit than you thought.

If you are lucky enough to have a home with some equity in it, you can look into home equity lending to pay for an assortment of items. There are two main types of equity lending the home equity loan and a HELOC (Home Equity Line of Credit).

Mortgage refinancing can be daunting. However, looking at what your mortgage is made up of and what you pay as part of your mortgage, you will be able to clearly see what variables on the terms you are in control of and you must look at to consider mortgage refinancing.

A debt consolidation loan can be a great way to make your payments much easier and allow you a longer time to pay down your debt if you can manage to catch the situation before things get too bad.