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Homeowner loans, remortgages and homeowner loans are all forms of loans secured against your property by releasing the equity on the house itself. As equity means the difference between a property value and the balance of the mortgage secured on it, it means that if your property has a value of 240,000 and a mortgage of 90,000, the equity would be 150,000. These are secured loans, homeowner loans which are really pretty much the same thing and remortgages. These three forms of home loans are s

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Random Feed wrote an interesting post today on
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By Monica Hatcher McClatchyDC.com Sunday, October 25, 2009 Andres Duque thought he got a real steal when he paid $125,000 for his Little Haiti condo. But four years later, similar units are selling for $35,000 and even less. And so, faced with the prospect of being underwater on his mortgage — owing more than the unit is worth — for the next 20 years, Duque, 33, made what seemed to him like a rational choice: to cut and run. He stopped paying the mortgage, basically forcing the le

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Random Feed wrote an interesting post today on
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With home values flat or even trending downwards in recent months, many Chapter 7 debtors who have been discharged are asking what happens if they stop paying their mortgages and walk away from homes that are worth less than the outstanding mortgage. If you entered into a reaffirmation agreement during your Chapter 7, you remain liable for the mortgage personally and the lender’s continues to have a first priority lien against the property. If you pack your bags and walk away, your default wi

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Random Feed wrote an interesting post today on
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Wells Fargo & Co (NYSE :WFC) announced their third-quarter earnings Wednesday morning announcing $3.2 billion in profit for the quarter and also announced that it expects quarterly losses from non-performing loans to peak sometime during the loan. The strong earnings announcement from Wells Fargo was primarily attributed to its community banking profits and investment gains from mortgage gains, but the San Francisco based bank still faces significant losses from increasing numbers of delin

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Random Feed wrote an interesting post today on
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Chriss Carr Some first time home buyers are not aware that they have a plethora of options when it comes to a mortgage. And many do not know the terms associated with financing a home. This lack of knowledge can hurt homebuyers that end up with payment they cannot afford with high interest rates. Before considering what type of mortgage you need, ask yourself these questions: Do I want to stay in this home for the rest of my life or for just a few years? Do I want stable monthly payments

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