Using A Second Mortgage Like Your Secret Stash
A second mortgage is a home equity loan or a home equity line of credit, and just like your original mortgage, a second mortgage is secured by your home. Although it may seem counter-intuitive to take out "another loan" on your home, a second mortgage is a way for you to tap into your resources...
How Proximity Affects Your Home Value
Real Estate is all about location, location, location! Take a look at what Househunt.com considers to add value to your home when it comes to its proximity.
Public Transportation up 41%
Nearness to Schools up 21%
A Starbucks up 21%
Garage Dump down 5-7%
Loud/Messy neighbors down...
Can Rate Changes Affect Your Current Mortgage?
Mortgage rates are changing all the time, and despite being lower than they were 20 years ago, the current trend shows that rates are going up. If you're already a homeowner, you may pay little attention to mortgage rate news --especially if you think your mortgage is unaffected by changes...
Reasons to Refinance When Rates are Rising - 5 Examples
In previous posts, we talked about the current rise in mortgage rates and whether it's still a good time to buy a home (yes it is!).
This week, we want to focus on refinancing and whether you should consider it in this market. While it may not be the right time to refinance for all homeowners,...