Did you know that 125% loan to value and mortgage refinance are extremely risky for borrowers?Well, they are! That’s why you better think twice before jumping into an exotic 125% loan to value (LTV) second mortgage that allows you to refinance by borrowing more than your home is worth.It sounds too good to be true, [...]
Posts Tagged ‘Closing Costs’
June 13th, 2010
125% Loan to Value and Mortgage Refinance
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Tags: 125 Ltv, Balloon Payment, Best Interest, Borrowers, Closing Costs, Collateral, Credit Card Debt, Debt Consolidation, Federal Trade Commission, Foreclosure, Interest Rates, Loan Balance, Mortgage Refinance, Poor Credit, Privilege, Salespeople, Second Mortgage, Unscrupulous Lenders, Vulnerable Homeowners, Young Couples 
No Comments »May 26th, 2010
Should I Really Refinance, What Are The Benefits To Refinancing
1. When can it be a Mistake to Re-Finance?Most homeowners usually will make the mistake of thinking that re-financing is always a good option. But, this is not absolutely the case and homeowners can truthfully make a huge financial blunder by re-financing at the very wrong time. There are a couple of good examples of [...]
Posted in Article Tags: Amount Of Time, Bad Mistake, Blunder, Calculators, Closing Costs, Credit Score, Credit Scores, Current Interest Rate, Distant Future, Existing Mortgage, Finance, First Mortgage, Interest Calculator, Interest Rates, Mortgage Balance, Mortgage Loan, New Mortgage, Rate Calculator, Refinancing, Wrong Time No Comments »May 23rd, 2010
How to Get Cash Back on a Refinance
There are two ways to get cash out of a mortgage refinance. The first is a traditional cash-out refinance where the loan amount is higher than what it takes to pay off the previous mortgage balance based on a new appraisal of the home or an increase in the value of the home as it [...]
Posted in Article Tags: Cash Out Refinance, Closing Costs, Credit Card, Credit Score, Duration, Home Value, Interest Rate, Loan To Value Ratio, Loan Value, Mortgage Balance, Mortgage Broker, Mortgage Refinance, Par, Percentage Rate, Period Of Time, Refinance Loan, Two Ways, Wholesale, Yield Spread Premium, Ysp No Comments »