Consolidating Debt - Refinance or 2nd Mortgage?
Homeowners who need to consolidate their high interest unsecured debts often wonder what is the best way of doing it. Is it best to refinance your first mortgage or take out a second mortgage or Home
http://www.brokeroutpost.com/reference/57124.htm (Updated: 09/04/2007)
Related Reference Topics: [refinance, debt consolidation, heloc]

Do Credit Inquiries affect my credit score?
Do credit inquiries affect my credit score? This is one of the most confused and commonly asked questions by consumers shopping for a mortgage. The answer to this question is yes and know. How can the
http://www.brokeroutpost.com/reference/137688.htm (Updated: 07/19/2007)
Related Reference Topics: [credit score, credit inquiries, credit report]

Refinance a Home Equity Line Of Credit
If you are like many home owners who have variable rate HELOCS then you are watching your interest rate slowly climb along with your payment as the prime rate continues to rise. If you have a very sma
http://www.brokeroutpost.com/reference/133204.htm (Updated: 07/08/2007)
Related Reference Topics: [heloc, refinance, second mortgage]

Home Equity Loan Rates
There are two types of home equity loan rates: a fixed rate loan, or an adjustable rate line of credit. The fixed home equity loan rate is attractive when you need the money immediately. This type
http://www.brokeroutpost.com/reference/136315.htm (Updated: 07/02/2007)
Related Reference Topics: [home equity, loan rates, first mortgage, refinance]

Conforming Loans
Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally pu
http://www.brokeroutpost.com/reference/11817.htm (Updated: 05/28/2007)

Combo Loan
There are 2 different meanings of the phrase "combo loan" in the mortgage industry. The original combo loan was considered to be a combination loan consisting of a first mortgage and second mortgage.
http://www.brokeroutpost.com/reference/64255.htm (Updated: 05/25/2007)
Related Reference Topics: [combo loan, combo loans, debt consolidation]

What if I always pay cash , and have no credit?
Some people who are very responsible with their money and pay cash for everything may be surprised to find that they are not necessarily rewarded for their discipline when it is time to take out their
http://www.brokeroutpost.com/reference/39935.htm (Updated: 05/22/2007)
Related Reference Topics: [no score, no credit, first time homebuyer, fha, cc]

Should I refinance my second mortgage?
Many consumers are becoming worried about the rising interest rates on their second mortgages and want to know if they should refinance to consolidate their first and second mortgage into one. One
http://www.brokeroutpost.com/reference/18109.htm (Updated: 05/20/2007)

debt consolidation
debt consolidation is when you use the equity in your home to pay off other outstanding debt, such as credit cards, personal loans etc. This can be done by refinancing your first mortgage or doing a s
http://www.brokeroutpost.com/reference/12950.htm (Updated: 05/19/2007)

Cash-Out Refinance
A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount requir
http://www.brokeroutpost.com/reference/10620.htm (Updated: 05/15/2007)

How do I Shop for a Mortgage
What do i need to know when shopping for a Mortgage? One of the things that you will absolutely need is a credit history from all three bureaus to make sure there is nothing that is derogatory or u
http://www.brokeroutpost.com/reference/116345.htm (Updated: 04/23/2007)
Related Reference Topics: [mortgage shopping, first mortgage, refinance]

Can I Refinance with Cash Out?
While many believe that the only reason to refinance a home would be to lower the interest rate, one of the most popular refinance motivations is to obtain cash out of the home's equity. The truth is
http://www.brokeroutpost.com/reference/30174.htm (Updated: 04/09/2007)
Related Reference Topics: [cash out, refinance, borrow cash from home]

Second Mortgage
Second Mortgage is a home loan subordinate to the first mortgage in the order of lien placement. Mortgage loans are recorded in the local county records. The first loan recorded is referred as the f
http://www.brokeroutpost.com/reference/40802.htm (Updated: 06/13/2006)
Related Reference Topics: [second mortgage, heloan, heloc, home equity loan]

Second Mortgages
A mortgage that has a second position to the first mortgage. Also known as subordinate financing.
http://www.brokeroutpost.com/reference/39001.htm (Updated: 05/28/2006)

Subordination Clause
The clause inserted into a mortgage document that keeps the mortgage secondary to any other mortgages. Loans are valued according to the chronological order on which they are put onto a property. In t
http://www.brokeroutpost.com/reference/19574.htm (Updated: 01/24/2006)