Adjustable rate mortgages (ARMs) have been a popular form of mortgage financing in recent years. These mortgages start out at low rates for a set period; then adjust along with the index to which they are tied. As interest rates go up, so do the monthly p...

A second mortgage is a mortgage taken out in “second position” on a property that already has a mortgage. A second mortgage will give you a fixed amount of money repayable over a fixed number of years. Get better interest rates with a second mo...

Refinancing as a way to improve a bad credit situation is nothing new. What is new is the range of refinancing options now available to homeowners. Here are the three most popular types of non-traditional bad credit mortgages: 1. Interest-Only Mortgage...

The two most important factors to consider when comparing home financing options are loan term and interest rate. Loan term The typical options are 15-year or 30-year mortgages. A 30-year mortgage will have a lower monthly payment and a h...

When deciding whether to take out an equity line or a home loan, CNNMoney advises consumers to consider their goals, payment schedule, spending habits and risk tolerance. “A HELOC … gives you more repayment flexibility and lets you borrow only the ...

A Colorado home loan puts the equity in your home to work for you and your family. Your house is probably your largest asset. It’s an almost risk-free investment that increases in value as housing prices rise. You can easily turn this passive asset into...

Many who file for bankruptcy use home equity in their settlement arrangement. Bankruptcy does not remove any liens on a home such as a mortgage. But if there is more home equity built up than is required to cover the loan, it is an asset that can be tappe...

Texas mortgage loans are very popular and useful for a variety of purposes. In the form of a debt consolidation loan, a new mortgage can help get homeowners out from under mounting bills. Texas mortgage loans are also a popular way to pay for improvements...

What types of mortgage financing loans are available? Fixed Rate Mortgage Loans: Payments remain the same for the life of the loan. Housing cost remains unaffected by interest rate changes and inflation. Adjustable Rate Mortgage Loans: Payments...

Debt consolidation involves transferring the balances from multiple accounts with relatively high interest rates to one account with lower interest. A debt consolidation loan does not reduce debt so much as restructure it in beneficial ways. Debts are...

Arizonians are among the millions of homeowners who have taken out almost $2.8 trillion in home equity loans in the last five years. Freddie Mac estimated that borrowers cashed out $170 billion of their home equity in 2006 alone. In 2005, the figure was a...

Bankruptcy attorneys estimate that one in every 53 U.S. households filed for bankruptcy in 2005. Most of these people didn’t lose the farm in Vegas or drink away their life savings. Chances are their financial problems stemmed from one of three sources:...

Subprime lenders are providing first mortgages, second mortgages and home equity loans to those who don't qualify for conventional financing. Many of the more than 19,000 mortgage lenders in the U.S. offer some form of subprime mortgages. Subprime borr...

A debt consolidation loan allows you to pay off your outstanding bills like credit cards and unsecured loans. It will simplify payments and probably lower your interest rate and monthly payments. This new loan doesn’t reduce your debt; it just restructu...

Home equity loans remain a preferred source of consumer credit. Home equity loans can give you a lump sum of cash at relatively low interest rates, along with certain tax advantages not available with other kinds of borrowing. Some home equity loans c...