Due to the number of loans that aren't being paid back, traditional banks and lending institutions are making credit checks more difficult. This means that it's hard to get approved even if you have good credit. But getting a home mortgage bank...
To start your own small business, you don't need investors or a traditional business development bank loan. Small business financing could be possible if you own a home or have good enough credit to open revolving credit card accounts.
The...
For homeowners with bad credit, getting a second mortgage can be the first step to getting out of debt. A second mortgage is a loan that is taken out in "second position" on a property that already has a mortgage. There are loans with fixed...
A second mortgage is a loan that is backed by your home's equity. The lender will put a lien on your house when you get a second mortgage loan. This lien will be recorded after your first mortgage lender's lien, which is why it is called a...
ARM, or Adjustable Rate Mortgages, are a useful tool for people who want to buy a home. At the beginning of the loan, the interest rate is lower, and both the borrower and the lender share the risk that the rate will go up.
ARMs are great...