What is a debt consolidation refinance and how does it work? Basically, it’s when you combine refinancing with the consolidation of other forms of debt. In other words, the lender will refinance your mortgage while also paying off the other debts (by making them part of the new loan payment).
The benefits of this process can [...]
Types of Loans | admin | 
November 11, 2009 8:56 am | 
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Please note that we are not associated with Fannie Mae in any way. So if you have any questions about their Refi Plus program, you will have to contact a Fannie Mae representative. This lesson has been posted to the Mortgage Refinance School as a basic guide to Refi Plus for homeowners. With that out [...]
Types of Loans | admin | July 17, 2009 7:48 am | Comments (0)
Are you a senior curious about reverse mortgage loans? If so, you’re not alone. These types of loans have gotten a lot of press recently, so many seniors are starting to research them. Previously, I’ve written about how these mortgages work. Today, I want to talk to you about the kinds of lenders that offer [...]
Types of Loans | admin | May 21, 2009 4:56 pm | Comments (0)
Introduction: Much of the FHA home loan information found online today is outdated. While some aspects of the program have remained the same over the years, there have been changing to the closing cost policy. Many of these outdated articles claim that you can pay a lot less in the way of closing costs on [...]
Types of Loans | admin | March 3, 2009 8:06 am | Comments (6)
How does a home equity loan work and when is it a good idea to use one? How do I get quotes from lenders for a home equity loan? These are the questions we will address in this installment.
These loans are sometimes referred to as a second mortgage, because they are used by homeowners who [...]
Types of Loans | admin | February 20, 2009 8:17 am | Comments (0)
How does a reverse mortgage work and when it is a good idea to use one? This is a common question for homeowners over a certain age lately, and the reasons are obvious. Reverse mortgages are being promoted like crazy lately — on TV, on the radio, online, and even through direct mail marketing. But [...]
Types of Loans | admin | February 16, 2009 11:47 am | Comments (0)
