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]

Get Cash From My Homes Equity
Many homeowners today treat their homes like a piggy bank, easily converting their homes equity into cash and or credit. There's more than one option available to you when it comes to home equity loan
http://www.brokeroutpost.com/reference/129078.htm (Updated: 08/13/2007)
Related Reference Topics: [cash out refinance, heloc equity loan]

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]

Heloc Rates
HELOC's are loans that are fully indexed at the Prime Lending Rate plus an additional number of interest points depending on what the borrowers credit score is.
http://www.brokeroutpost.com/reference/128753.htm (Updated: 05/29/2007)
Related Reference Topics: [heloc, second mortgage, refinance, low rate mortgage]

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]

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)

CLTV
CLTV, also know as Closing Loan to Value, is the percentage of how much a house is worth compared to how much is owed on all mortgages on the property. Example: House is worth $300,000 and 1st mort
http://www.brokeroutpost.com/reference/22069.htm (Updated: 04/26/2007)

Second mortgages
Second mortgages can be used for many different reasons. A second mortgage can be used to consolidate debt, to avoid PMI insurance on a home purchase, to pay for children's tuitions, to provide for a
http://www.brokeroutpost.com/reference/33979.htm (Updated: 04/12/2007)
Related Reference Topics: [second mortgages, home equity lines of credit]

Mortgage Financing
The term Mortgage Financing can mean anything from obtaining a mortgage to buy a new home, perhaps the home of your dreams, to refinancing your existing home, to obtaining a second mortgage or a Home
http://www.brokeroutpost.com/reference/104375.htm (Updated: 04/09/2007)
Related Reference Topics: [mortgage, purchase, refinance]

Combining your 1st and 2nd mortgages
One way to simplify your monthly bills is to combine your first and second mortgages together into one loan.
http://www.brokeroutpost.com/reference/55721.htm (Updated: 09/04/2006)

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)

Second Mortgage Loans
Your current financial situation and needs will help determine which type of second mortgage is right for you. There are currently two types of second mortgages available, fixed rate and adjustable eq
http://www.brokeroutpost.com/reference/38031.htm (Updated: 05/24/2006)
Related Reference Topics: [heloc, second mortgage, cash out]

Why are second mortgage rates higher?
Mortgage rates are all based on risk. The lower of a risk the loan is the lower the rate will be. Second mortgages are riskier loans. In the unfortunate event of a forclosure the second mortgage ho
http://www.brokeroutpost.com/reference/17981.htm (Updated: 02/20/2006)

Fixed Rate Second Mortgages
A fixed rate second mortgage is a second lien on your property that is obtained by utilizing the equity available in your home. With a fixed rate 2nd mortgage you will receive the entire loan amount u
http://www.brokeroutpost.com/reference/23020.htm (Updated: 02/16/2006)
Related Reference Topics: [fixed rate, second mortgages, equity]

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)