Second Mortgages become interesting Cash Out Loan Alternatives

With all of the interest rate talk these days at the water cooler, it seems that everyone knows where the interest rates are going except for the Federal Reserve. Of course citizen are speculating, and if they do predict where the interest rates are headed, they legitimately could not tell you when they are rising or dropping. As most of you have realized by now, the first mortgage rates may not go back down to the 2004 levels when the 30 year...

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Obama's Harp agenda - Why Banks Aren't Lending according to the Government's Suggestions

The government decided that it was time to bonus responsible homeowners, those who make their payments on time and have never defaulted. They created the Home Affordable Refinance program; not only one version, but a new and improved version called Harp 2.0. In it, homeowners are supposed to be able to refinance regardless of their equity position, regardless of Debt to wage ratio and regardless of past credit. All You Needed was to be on time 11...

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