Tag Archives : homeowner

Second mortgage is a good option for those who are facing financial problems and are in urgent need of cash amount.The major drawback of second mortgage is that borrowers are more likely to lose their home ownerships if they fail to pay off their first and second mortgages.

Foreclosure is no doubt a nerve stretching situation that can fool out any troubled homeowner. Under the influence of such situation, they often make mistakes which lead them standing nowhere. However, still there are certain things that they can do and protect their homes from foreclosure. The most common mistake which homeowners make is that they give up easily.

This article is describing the conditions in home equity or a home equity loan. A home equity loan is very useful in order to own your property or improve it. A home equity loan is itself a debt against your property. The property can be required to be sold if the creditor wants the money back that you have borrowed.

Here in this article I will explain you that what are Streamlined 203K FHA Loans and what improvements can be made under this type of FHA Loans.The Streamlined 203K is designed for such type of projects that are having less extensive improvements and that will not…

FSBO is a commonly used abbreviation that stands for For Sale By Owner and most often it is referred to as real estate for sale. It is opposite to listing a home with a real estate agent, FSBO is a real estate offering that is handled by the seller which does not involve a real estate agent. Owner-sold homes are named as “fizbos” by the agents. There are a variety of reasons for which…

There have been reverse mortgages for nearly 20 years, but they have not been caught on so that much as they have been during the current financial crisis. Seniors are turning towards these loans to tap the equity in their homes and in order to generate…