Second Mortgages or a Further Advance Free PLR Article If you are a homeowner and in need of some extra cash, one possibility you could consider is taking out a second mortgage. If the present value of your house exceeds the amount you paid secured on your house and is sometimes termed a further advance. Finding Another Lender? You can approach your existing lender for a second mortgage, or shop around for a lower interest rate. Its likely your second mortgage will be for a lesser ...
Unemployment Cover Is It Just A Big Rip Off Or Free PLR Article Unemployment Cover Is It Just A Big Rip Off Or A Life Saver Depending on where you purchase it from, unemployment cover could be considered nothing but a big rip off especially nothing but a big rip off especially if you purchase it alongside your loan or mortgage from the high street lender. The cover when sold alongside a loan or mortgage is the dearest way of taking what could be an essential and lifesaving ...
Secured Home Equity Loans Things You Should Know About Free PLR Article Secured Home Equity Loans Things You Should Know About Home Equity Loans Your Equity Is Your Security Your homes equity is the basis for your home equity. You can choose of loan terms. Refinancing with a cash out will lock in long term rates. A second mortgage pulls out part or all of your equity while keeping your original mortgage intact. This is nice if you have a low interest home loan. Finally, you can create value. The PMI Factor Private mortgage insurance may be required with some lenders, especially if you have a prime loan. If you have less than 20% equity in the home, then expect to pay premiums. But sub prime lenders dont require ...
Secured Home Equity Loans How Do They Work? Free PLR Article Home equity loans provide you with low rate credit based on the security of your homes value. Your home is your collateral, which reduces your loan risk with creditors. Home equity Equity Loan Basics You can cash out all or part of your homes equity with a second mortgage or line of credit. Home equity loan rates are typically a couple of points higher than a regular mortgage. In some cases, you can get a better deal by original mortgage and cashing out your equity at that time. Your home equity loan lender does not have to be your original lender. In fact, you should do comparison shopping on rates and fees to be sure you are getting the best deal. More Options ...
Secured Loans Primer Free PLR Article What Is A Secured Loan? A secured loan is essentially a loan that is taken out against your home or other collateral. In the context of this guide, when talking about secured loans and secured lending, about secured loans and secured lending, reference is being made to that of a lender placing a legal charge over a property. The most common type of secured loan is that of a mortgage. It is not within the financial capability of most people ...
Remortgaging: What Is It All About, Anyway? Free PLR Article Remortgaging is a fancy term. The fact is that a remortgage is the same thing as refinancing; its just a different term. Like with other jargon, there is some confusion about what remortgaging. Instead most people are simply transferring their mortgage from one lender to another. While remortgaging is an option, others find that when they look into it that there is a better product or service that they can take advantage of ...
Debt-to-Income Ratio Its Just as Important as Your Credit Free PLR Article Debt-to-Income Ratio Its Just as Important as Your Credit Score When Buying a New Home Your debt-to-income ratio (DTI) is a simple way of calculating how much of way of calculating how much of your monthly income goes toward debt payments. Lenders use the DTI to determine how much money they can safely loan you toward a home purchase or mortgage refinancing. Everyone knows that their credit score is an ...
Cash Out Refinance Free PLR Article If you have owned your home for a period of time long enough to obtain some equity through your monthly mortgage payments and appreciation, you may be considering borrowing off the equity you have do in the world. But if you take your time, do your homework, and find the right lender and loan officer, the task in front of you will be a lot less painful. The mortgage industry is a very competitive one, so be sure to shop around and look for ...
Bad Credit Mortgages Free PLR Article So youve gotten a little behind on your credit card payments. Ok, youve been late on your car a few times too. And, there are some other issues on your credit that makes it less than perfect. No matter your score is a little lower than most peoples, dont worry. There is always a lender out there who is willing to help you find a mortgage so you can own your own home. Dont fret if you have been turned down by traditional lenders for a home ...
Balloon Mortgages Explained Free PLR Article A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. lasts 30 years. If homeowners cant pay the balance by the end of the term, the lender will decide how the payments will be made. The sum is usually converted into a fixed rate mortgage. Advantages? A balloon mortgage can be good because it ...