Archive for the 'Home Equity Programs' Category

Second Mortgage Modifications for Credit Lines and Equity Loans and

Tuesday, September 1st, 2009

The use of second mortgage liens grew during the housing boom as homeowners extended themselves with home equity loans to consolidate debt and finance as much as 100% of the original purchase price. Administration officials estimate that modifying home equity loans could help as many as 1.5 million homeowners.  An Obama official said that “by bringing the 1st and 2nd [...]

Home Equity Loan Versus Home Equity Line of Credit

Monday, January 12th, 2009

Both home equity loans and home equity credit lines are second mortgages, but these home equity products do have some differences with the interest rates and terms.  First of all home equity loans are installment loans with a fixed interest rate amortized on a set term.  The monthly payment for an equity loan is the [...]

Home Equity Line of Credit Guidelines

Monday, January 5th, 2009

Most home equity lenders have mortgage guidelines that vary, like loan to value, credit scores, residual income, cash out limits, loan amount limits, etc.  Some second mortgage lenders offer equity loan programs with no lending costs and annual costs for equity lines of credit.
These days, most mortgage lenders will limit borrowers to 65% loan [...]

Home Equity Loan Products

Monday, December 29th, 2008

Smart Home Equity Loans is a reliable connection for home equity loans online.  Our equity loan products range from installment 2nd mortgages with fixed interest rates to revolving home equity credit lines that offer flexibility and quick access to tax deductible cash. Most homeowners like home equity loans because they enable the borrower to get low rate [...]