You can get a home equity mortgage loan from almost any banking or mortgage institution. A broker, your local bank, big nationwide banks, credit unions, or investment firms like Etrade and others all sell home equity mortgages. Best Home Equity Mortgage? This is the only time I would say not to use a mortgage broker [...]

A California refinance decision dumping an adjustable rate loan in favor of a fixed rate loan, goes from a maybe to a must. The popular California refinance choice made by many, the Option ARM, continues to rise. California Refinance: Get Away From the Option ARM As you may know, the COFI (pronounced “coffee”) Index refers [...]

If you are needing to save your home, our “short sale foreclosure” method could be the ticket. If you are in an area where dropping home values are prevalent, then definitely keep reading about our short sale foreclosure way to save your home. Here’s how it works to save your home from foreclosure… Short Sale [...]

There are dangerous differences between a HELOC mortgage and a traditional home equity loan. Ignorance of HELOC mortgage differences in home equity loans can cause real trouble. So, let’s get started unraveling those dangers…. A HELOC mortgage is a line of credit securitized by the equity in your house and sits usually in second lien [...]

The 40 year mortgage is sold to folks who want or need a lower payment. Many home owners are seeking a monthly payment even lower those provided on standard 30 year fixed loans. A 40 year mortgage is less in monthly payment because the loan is amortized over 40 years instead of 30…at least in [...]

Yield Spread Premium (YSP) is without a doubt the most misunderstood and highly profitable secret the mortgage industry has kept from the American mortgage consumer. The government’s own number pegs the consumer cost of the yield spread premium deception at $16,000,000,000 a year …yes that’s billion, with a “b”! My own figures put it into [...]

Yesterday Merrill Lynch announced it’s first quarterly loss in 6 years due to their subprime mortgage exposure costing them $7.9 Billion, $3 Billion more than expected - marking Merrill’s gut-punch as the “Worst Hit” taken by a financial company from the subprime mortgage meltdown. We saw the $3 Billion hit Bear Stearns took at the [...]