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Balloon Mortgages

Balloon mortgages are mortgages that seem good in the beginning, but could wind up becoming bad news in the future. The fact is, most people would not be better off with a balloon mortgage, but there are plenty of people who would be. Balloon mortgages have their good and bad points, and it's up to you to we...

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Home Equity Loan

What is a Home Equity Loan? A home equity loan is also known as a second mortgage or it can be seen as borrowing from the money your home has accumulated in value or equity. This type of loan allows you to take advantage of your home's built-up equity. Equity is the difference between the value of your home or what it could be sold for and the amount that you currently owe on it. Homeowners regul...

 
 

Latest Mortgage News

HUD Celebrates First-Ever Fair Housing Educat...
hud.gov, Apr 21, 2008
The U.S. Department of Housing and Urban Development today announced its first-e...

New Law Requiring Mortgage Loan Originators t...
State of NY, Feb 13, 2008
The New York State Banking Department today announced details of its regulatory ...

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