Sentences with phrase «of a second mortgage»

The most common type of second mortgage loan is a home equity loan or a home equity line of credits.

There are basically two types of Second Mortgage Loans: Closed End and Open End.

A home equity loan is a form of a second mortgage against your home.

However, if you have a second mortgage on your home, you might encounter delays while the lender of the second mortgage signs off on the refinance.

With a short sale, all lenders involved must agree to the deal, and in many cases the holder of the second mortgage ends up taking a loss.

Since they had discharged the debt of their second mortgage in bankruptcy, they were no longer personally liable for the debt.

The amount of the second mortgage as compared to the primary loan is also important.

Our lending refinance partners tender several types of second mortgages for refinancing and bill consolidation.

And why risk losing equity in your home if the only way you can obtain a debt consolidation loan is by way of a second mortgage?

The amount of payments of the second mortgage loans is usually higher than lines of credit loans because lenders include fees and costs of the loans in the monthly payments.

Private lender are the most common source for funding of second mortgages.

However, if you have a second mortgage on your home, you might encounter delays while the lender of the second mortgage signs off on the refinance.

If you've never heard of a second mortgage, it's exactly what it sounds like — a literal second mortgage on your home.

Length of Your Second Mortgage Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year.

However, you have to take into consideration the closing costs and mortgage rate of that second mortgage.

If your home is upside down leaving the second mortgage completely unsecured, you may be able to get rid of your second mortgage in a Chapter 13.

If you need a second mortgage and have a bad credit, our team can assist you in the placement of your second mortgage with a private lender that handles bad credit loans.

A mortgage broker can be an invaluable ally to any homeowner interested in investigating the possibility of a second mortgage.

This is their only sure way of mitigating risk especially in the case of a second mortgage where the remaining equity might not be enough to compensate them after the property is sold.

This gives you freedom to drop existing mortgage in favour of a second mortgage that will get you the money needed to pay off other debts.

Our team of brokers has contacts with a broad variety of second mortgage lenders.

We provide low rates and our team has a great knowledge of second mortgage loan programs.

Does settlement of second mortgage count as short sale?

For example, after an explosion of second mortgages during the lending boom, many borrowers facing default have more than one lender to contend with, and those lenders may have conflicting interests.

If this is the case consider applying for a home equity loan that will repay the first mortgage in full and at the same time covering the cost of the second mortgage.

Our brokers will be able to make an assessment of your second mortgage qualifications and will guide you through the process of getting a second mortgage from start to finish.

If you're in need of a second mortgage and have a bad credit, we can assist you to provide a second mortgage with a private lender.

Most of our second mortgages are approved on an equity basis.

Compare our wide selection of second mortgage loans that are available for people with all types of credit.

This loan is the flexible alternative of second mortgage loans with a variable interest rate.

A consumer proposal will give you a fresh start without the risk of a second mortgage.

If a seller has a large amount of equity in their home, the buyer would be required to have that in cash upfront or take on the additional burden of a second mortgage.

Make sure to review the terms and conditions of your second mortgage loan very carefully.

Other combinations of second mortgage and down payment amounts might also be available.

And even if you do, do you know that there's not additional debt in the form of a second mortgage or secured line of credit over and above?

A lender holding a first mortgage who wants to modify terms may face opposition from a holder of a second mortgage, who may be left with little equity to cover the loan.

The amount of the second mortgage is a portion of the difference between the first and the appraised value of the property.

One important factor in determining what type of second mortgage to apply for is the Benefits you receive from the new loan.

Debt consolidation — this can be one of the best uses of a second mortgage.

If you've never heard of a second mortgage, it's exactly what it sounds like — a literal second mortgage on your home.

Private lenders are the most common source for funding of second mortgages.

In most cases the lender of the second mortgage will require an appraisal of your property.

If you were to transfer your credit card with fixed rate mortgage refinancing on a 15 year term, you would have specific, set terms that can't change for the duration of the second mortgage term.

Werth claimed Patzer never revealed the existence of the second mortgage and that Patzer was solely liable.

The amount of second mortgages made before that date is part of your acquisition indebtedness total figure.