equity: Is it time to refinance? - 04/27/07 04:51 PM
It very well may be. The most urgent reason to do so is if the homeowner has an adjustable rate mortgage, or an ARM, and it's about to reset upward. That way the payments can be kept from changing too much or not at all. To cash out some of the … (0 comments)
equity: New mortgage product. - 04/26/07 02:17 PM
Good news at last. It took a while. The last several weeks have been tough. The real estate headlines just about everywhere have oozed with subprime troubles this and foreclosure that and home values are dropping and so on. Followed by long and dark narratives about new regulations and who is to … (0 comments)
equity: Shared equity mortgage to the rescue. - 04/23/07 01:23 PM
Despite the recent softness in the real estate market, buying a home can be a stretch for many first-time buyers and young move-uppers. Prices are relatively high in most areas and lenders are getting fussy. Shared equity mortgage could be worth a look. Let's go over some of the basics. Normally … (11 comments)
equity: Silent second mortgage woes. - 04/17/07 01:47 PM
Here's another intriguing twist to the subprime saga. They just keep on coming, don't they. A silent second can be executed several different ways, but it always means that the first note holder is kept in the dark about it. That's why the term silent second. The latest trend is that soon after a borrower … (2 comments)
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It very well may be. The most urgent reason to do so is if the homeowner has an adjustable rate mortgage, or an ARM, and it's about to reset upward. That way the payments can be kept from changing too much or not at all. To cash out some of the … (0 comments)
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