Archive for the 'Money' Category

The Top 10 Reasons Mortgage Companies Stopped Doing Second Mortgages

Thursday, July 17th, 2008

1. Mortgage companies starting around November 2007 stopped doing fixed second mortgages and home equity lines of credit (HELOC) due to changes going on in the mortgage industry. A lot of swift and sudden changes came to the type of companies that were farthest away from the actual money like the mortgage brokers, correspondent lenders, then [...]

The Top 10 Reasons Why You Should Never Pay For A Credit Report

Wednesday, July 16th, 2008

1. Paying for a credit report is something that a lot of people get told they need to do every six months or so. They go to a website that has the latest catchy jingle on the television and go there and buy a merged credit report from Equifax, Experian, and Trans Union. 2. The [...]

The Top 10 Reasons You Need To Pick The Right Second Mortgage

Wednesday, July 16th, 2008

1. For those of you that do not know what a second mortgage is, it is a lien (loan) against a certain percentage of the equity of the home. What the mortgage company does is recognizes that you have a first mortgage on your home and they take the balance of that loan, get an [...]