Understanding Home Equity Conversion Mortgage (HECM)
A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan which enables you to access a portion of your home's equity to obtain tax-free1 funds without having to make monthly mortgage payments.
If you are 62 years of age or older and have sufficient home equity, you may be able to get the cash you need to:
Pay off your existing mortgage
Continue to live in your home and maintain the title
Pay off medical bills,...
From: Chris Beard
Related topics : mortgage loan home equity
First Mortgage Company - Which Home Loan Term is Best?
When you purchase a home, you can spread the payments out over several years. The most common mortgage terms are 10, 15 or 30 years. Which should you choose? Learn the advantages and disadvantages of each home loan term in this quick video.
From: First Mortgage Company
Related topics : loan home mortgage
50StatesLending.com Bad Credit VA Mortgage Loans. We can Help!
Looking to buy a home with your VA Home Loan Certificate?
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From: 50StatesLending
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Money Management : About Home Equity Loan Interest Rates
Interest rates for home equity lines are varied based on the value of the overall home and how much is being taken out of the value of the home. Find out how second mortgages can affect home equity loan interest rates with help from a registered financial consultant in this free video on money management and personal finance.
Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive...
From: eHow
Related topics : interest rate home equity loan
Mortgages : What You Need to Know About FHA Loan Program
Blogs about FHA:
FHA Back to Work Mortgage Program
http://www.totalatlantarealty.com/blog/fha-back-to-work-mortgage-program
FHA Home Loan – Things to Think About
http://www.totalatlantarealty.com/blog/fha-home-loan-things-to-think-about
FHA Short Refinance: Can It Help You?
http://www.totalatlantarealty.com/blog/fha-short-refinance-can-it-help-you
FHA Streamline Refinance Loan Program – PMI...
From: Total Atlanta Realty
Related topics : refinance fha home mortgage loan / fha home loans
Bad Credit Mortgage - Canada Wide Financial - Call 1-866-342-5099
Canada Wide Financial - http://www.mortgagecwf.com - provides bad credit mortgages, second mortgages and private home loans in Toronto, Ajax, Barrie, Bradford, Caledon, Cambridge, Hamilton, Kitchener, London, Mississauga, Newmarket, Orangeville, Oshawa and Ottawa!
From: Mortgage CWF
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Consolidation loans
This is where you can combine or consolidate several loans into one single rate loan secured by a mortgage. For example, having a home loan and combing the car and personal loan which would result in a reduced rate of interest.
Advantage
Combining several debts will mean a lower overall interest rate and cheaper fortnightly/ monthly payments.
Disadvantage
Loans that would normally have been paid in a short period are now not finalised until the mortgage is paid off.
From: Peter Mastroianni
Related topics : debt consolidation loan interest rates / mortgage rate home loan / car interest rate loan
1 best mortgage rates loan rate calculator home refinance calculation compare lowest
From: Moore Clark
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From: Nam Gaming
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Thinking About Building? Home & Business Construction Loans
Need a Home Loan in Texas?
Call 214-360-9000
Mike Anderson and his Mortgage Advisors are ready to find a loan that fits your financial needs and more importantly get you qualified.
If you have suffered a bankruptcy or foreclosure and have bad credit or a poor credit score, Mike's Mortgage Advisors specialize in helping people like you.
From: Reliance Mortgage
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