Reverse Mortgage

gwizzle2002 asked: I am financing a pool and was told by the lender that a refinance and a second mortgage are the same thing. Is that correct?Content

jpweightlifter81 asked: i asked a similar question earlier but looking to find out what happens with my second equity mortgage with a forclosure? we plan on telling our primary mortgage company that we cant afford it anymore and we are either gonna sell our home or do a short sale. but what happens with the [...]

John Z asked: In 2001 we filed for bankruptcy, and put our house on it as well, and we had a second mortgage too, and of course, we put them on the bankruptcy as well. Well, the first mortgage talked us into taking the house back, but after the bankruptcy was discharged, we never heard [...]

Michael J asked: Is it possible to take out a second mortgage on a condo where I currently live and use the money as a down payment on a new condo I want to buy as a rental? I should say: I have excellent credit and my only debt is the current mortgage.Website content

tygger asked: I found this mortgage calculator provided by a home builder. This one not only includes Principle and Interest, it also appears to include Taxes and Insurance (although, not sure how accurate). In the link, click up top on “How much can I afford” and select “Find out how much my monthly payment would [...]

richards150 asked: I would like to get a loan for a business. I purchased my home over a year ago and would like to know how to get a second mortgage on the house. How do I do this? Is it possible? Please do not say anything like, ‘call your banker’ or ‘look on this [...]

Bryan N asked: I have two properthy. On one property I have two mortgage lender. If I were to forclose on my house, can the lender from a second mortgage put a lean on my current house?Content for WordPress

Victoria L asked: If you are up and current on your 1st mortgage and your 1st mortgage is 75% of your homes value, can a second mortgage with only %25 of value foreclose on you and obtain the property? I know they can lien against the home, but not quite sure on the actual obtaining [...]

babygrldog asked: Is the higher rate of interest charged by the lender the only reason for them to do a second mortgage?Why would the lenders lend more money than the property is appraised for?Create a video blog

mgs4Real asked: My friends were looking into getting one and I did not understand what it was. It sounds like it isn’t much different than a “second mortgage” that you receive in payments instead of in one lump sum, paying interest on this loan all the while. Correct?Create a video blog