In a welcome bit of good news this week, the Fed cut rates, which had a salutory effect on both long-term and short-term mortgage rates. This should translate into good news for second mortgage rates as well. An article by financial writer Amy Hoak that was posted on the MarketWatch website noted these changes, "Long-term mortgage rates fell slightly, but short-term rates... Read More
If you are wishing you could make your home more energy efficient, you might want to look into a second mortgage loan that has been designed just for people who want to get a second mortgage loan to remodel to make improvements. The interest rates for these second mortgages are generally lower than what most second mortgage rates are because lenders and Realtors realize... 
Some ask the question of second mortgage rates being less expensive in terms of interest then first rates found for a home so I wanted to clear up the confusion. Second mortgages rates in the eyes of the lender are more risky when dealing with the same property. When going through the same financial institution for the same home a lender will make the assumption that your... 
Putting a second mortgage loan on your house is risky business these days, unless you have a substantial amount of equity in your home. Reasons for a second mortgage loan are a long list. They could include improvements to your home for livability reasons, or could be totally unrelated to the home. You might want to use a second mortgage loan to pay off credit cards or... 
