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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

Missouri Protect Homeowners From Unfair Mortg...
Mo. Governor's Office, Jul 07, 2008
Gov. Matt Blunt today signed legislation he called for to protect homeowners fro...

Bush Administration renews effort to address ...
hud.gov, Jun 16, 2008
The Bush Administration today renewed its efforts to address risky government-ba...

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