http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/ International & Domestic Property Sat, 13 Feb 2010 17:45:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/comment-page-1/#comment-1299 Martin Bouma-Ann Arbor Real Estate Sun, 29 Mar 2009 21:59:29 +0000 http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/#comment-1299 Second mortgages are good if you have a lot of equity in your home, if not, then they can be very bad. Overall you just have to make sure you can really afford the payments. Second mortgages are good if you have a lot of equity in your home, if not, then they can be very bad. Overall you just have to make sure you can really afford the payments.

]]> http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/comment-page-1/#comment-680 Cedar City Real Estate Thu, 12 Feb 2009 18:16:43 +0000 http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/#comment-680 The big thing with second mortgages is you have to have the equity in your home. If you do its a great way to get some extra cash at a very reasonable rate. The big thing with second mortgages is you have to have the equity in your home. If you do its a great way to get some extra cash at a very reasonable rate.

]]> http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/comment-page-1/#comment-517 Morristown NJ Real Estate Tue, 23 Dec 2008 01:42:17 +0000 http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/#comment-517 Second mortgages here in the states are almost impossible to get right now, especially when purchasing a home. Most home buyers are having to put down 20% on their home purchase or go through FHA (federal home loan authority) where they get stuck having to pay PMI (private mortgage insurance) which ends up costing an additional $150 or so a month. Second mortgages here in the states are almost impossible to get right now, especially when purchasing a home. Most home buyers are having to put down 20% on their home purchase or go through FHA (federal home loan authority) where they get stuck having to pay PMI (private mortgage insurance) which ends up costing an additional $150 or so a month.

]]> http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/comment-page-1/#comment-440 Doug@Duck NC Real Estate Mon, 01 Dec 2008 01:56:41 +0000 http://www.adbraganca.org/index.php/2008/11/30/second-mortgages/#comment-440 Second mortgages can be a bad thing or a good thing depending on the situation. If it will help you consolidate debt and lower interest rates then I think it's a great thing! But all too often people get a second mortgage and get in over their heads and have a bad rate. Second mortgages can be a bad thing or a good thing depending on the situation. If it will help you consolidate debt and lower interest rates then I think it’s a great thing! But all too often people get a second mortgage and get in over their heads and have a bad rate.

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