Best Mortgage Advice, Rates & Guides

Eliminating Compounding Interest with a Second Mortgage

Published on: 23/08/2024

Debt consolidation can be a confusing subject. There are many conflicting views on what a consumer buried in credit card debt should do to get back on their feet. These conflicting views have everything to do with the fact that the best solution is always unique to the individual and if you’re in trouble you should do your homework. The next move you might want to consider is a debt consolidation loan and if you own a house, a home equity loan or second mortgage might be worth considering

Mortgage Tips: Pros and Cons of Refinance Loans for People with Bad Credit

Published on: 25/07/2024

If you’re stuck under some high credit card bills and your credit rating is slipping, one of the best ways to immediately improve your credit is a home equity loan. When the loan closes, home owners have cash-on-hand to pay off bills. The result: their credit rating starts to improve immediately. Banking executive Dan Ambrose refers to those as the “band-aid loan”, also known as the 2/28 in mortgage lingo. “Most sub-time loans are short term loans.