Having an existing mortgage loan in Florida still allows you some options when it comes to getting an additional mortgage loan against the same property. You can refinance your home or simply get a second mortgage loan. If you are low on cash and need the money, then you may want to consider taking out [...]
With mortgage interest rates rapidly rising, now may be the time to refinance your variable interest rate home equity line of credit (HELOC) or adjustable rate mortgage (ARM) home equity loan into a fixed interest rate second mortgage. Otherwise, your payments could become more than you can afford, which could be dangerous because your HELOC [...]
If you are a homeowner in need of an equity loan, but do not wish to refinance your existing mortgage, you have the choice of an equity line of credit or a second mortgage loan. Each option has advantages and disadvantages over the other. Here are several suggestions to help you decide which home equity [...]
