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<title>Rebecca O'Connor - EzineArticles Expert Author</title>
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<pubDate>Wed, 15 Feb 2012 06:09:13 -0600</pubDate>
<image><title>Rebecca O'Connor - EzineArticles Expert Author</title>
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<lastBuildDate>Fri, 08 Sep 2006 06:36:01 -0500</lastBuildDate>
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<title>Difficulties Doing a Home Equity Loan Behind a Negative Amortization Mortgage (Payment Option Loans)</title>
<link>http://EzineArticles.com/293299</link>
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<pubDate>Fri, 08 Sep 2006 06:36:01 -0500</pubDate>
<description><![CDATA[If you need a home equity loan to refinance debt and currently have a negative amortization loan as your first mortgage, you may find the neg am can hold you hostage. It can be very difficult to get a second mortgage behind neg am loans. In fact, very few home equity lenders will go behind a negative amortization first. It's just too risky.  Depending on your credit score, you may need to refinance your negative amortization 1st and then get a new home equity loan. In fact, even if you can't get an equity loan yet, you may want to refinance anyway.]]></description>
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<title>Home Equity Loan Rates - Where is the Market Headed?</title>
<link>http://EzineArticles.com/283677</link>
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<pubDate>Mon, 28 Aug 2006 11:55:35 -0500</pubDate>
<description><![CDATA[In states like California there has been a decline during the last four months in home equity loans and home equity lines of credit. Many analysts are blaming the fall in equity loans on the languishing home values and rising interest rates. Rates have risen to around the 8 percent range and look as though the Federal Reserve is likely to continue raising the rate. Some economists feel that this will spell the end of the home equity loan boom. Christopher Thornberg, senior economist of UCLA's Anderson Forecast warns, "Keep an eye out. It's going to get worse and worse." However, other experts don't think this is the end at all. Mary Berg notes, "Home equity loans have been growing at a large clip for years. It's definitely slowed, but people are still borrowing. They're finding other products that are more flexible in this rate environment." 
]]></description>
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<title>Home Equity Loans: Cash Out Alternative to 1st Mortgage Refinancing</title>
<link>http://EzineArticles.com/283697</link>
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<pubDate>Mon, 28 Aug 2006 11:51:44 -0500</pubDate>
<description><![CDATA[Home equity loans can work as a cash out second mortgage, giving you access to up to eighty percent of your available equity at once. A standard home equity loan generally has a fixed mortgage rate, meaning a fixed payment that you can depend on monthly. The payments may be higher than a home equity line of credit at first, especially compared to a line of credit with an interest only payment period, but you can be certain of how much you are paying monthly down the road as well. An adjustable rate mortgage in a market with rising interest rates may be liability for some, but if you are planning on paying back your loan quickly it may be a better option than credit cards. Also some mortgage products allow you to convert your home equity line of credit into a fixed-rate home equity loan at the current rate. ]]></description>
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<title>Sub-Prime Second Mortgage Tips: Non Conforming Second Mortgage Loans</title>
<link>http://EzineArticles.com/283681</link>
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<pubDate>Mon, 28 Aug 2006 11:42:37 -0500</pubDate>
<description><![CDATA[Bad credit equity loans, often called a sub-prime second mortgage can help borrowers that have hit hard times get back on their feet. These loans can be easier to secure than a refinance to cash out on home equity. Even borrowers with bankruptcies and late mortgage payments can likely qualify for a loan. Using an unconventional mortgage to consolidate your debt can save you money on interest, lower your payments and raise your credit score. A fixed rate home equity loan can also eliminate the annual fee of credit lines. ]]></description>
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<title>Why Are People Going Crazy for 1% Payment Option Mortgage Loans?</title>
<link>http://EzineArticles.com/259155</link>
<guid>http://EzineArticles.com/259155</guid>
<pubDate>Thu, 03 Aug 2006 04:29:07 -0500</pubDate>
<description><![CDATA[Exotic 1% mortgages are not just a financing fad. "In our changing market, from unprecedented low rates to a steady rising of interest rates, these varieties of loan programs have become much more popular," notes Bill Callanan, a partner with Mortgage Management systems, a San Francisco mortgage broker. Although the traditional long-term fixed-rate loans are still available and popular, California residents are taking a close look at negative amortization loans (neg am loans), interest only loans, deferred interest loans and payment option ARM loans.]]></description>
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<title>Mortgage Marketing: Cost Effective Internet Mortgage Leads</title>
<link>http://EzineArticles.com/243551</link>
<guid>http://EzineArticles.com/243551</guid>
<pubDate>Sat, 15 Jul 2006 09:32:23 -0500</pubDate>
<description><![CDATA[Buying online leads in quantity may be less expensive and get you a greater number of loan leads, but they not be of quality. Bulk leads have often been recycled, shared and may be a year old. Buying mortgage leads based on quality will be more fruitful as they are from a direct source, meaning they are immediate and new. This can make a difference in debt consolidation leads and other home equity loan products that will be secured quickly. You would be receiving the leads hopefully the same day the prospect applies. There is a lot of question, as well, about how useful internet leads really are to lenders. You may want to consider some other marketing options.  ]]></description>
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<title>Payment Option ARM: Negative Amortization Mortgages How Do These Refinance Loans Work?</title>
<link>http://EzineArticles.com/240169</link>
<guid>http://EzineArticles.com/240169</guid>
<pubDate>Mon, 10 Jul 2006 11:42:21 -0500</pubDate>
<description><![CDATA[A payment option ARM is an adjustable rate mortgage with a low initial monthly payment that will increase each year for the first five years. Some banks, like World Saving Bank, call these "Pick a Payment" mortgages because they offer payment options to help you budget your monthly cash flow. These payment option mortgage loans are different and a bit more complex than other products, because you can choose the payment you wish to make each month. Some of these payment options involve paying less than the interest, which means an increasing mortgage balance instead of the principle being paid down.  There are inherent risks to this, but you have more flexibility and they may be a good decision if your home equity increases faster than the negative amortization. ]]></description>
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<title>Should I Finance a Second Home for Investment Purposes with a Fixed or Adjustable Rate Mortgage?</title>
<link>http://EzineArticles.com/198305</link>
<guid>http://EzineArticles.com/198305</guid>
<pubDate>Mon, 15 May 2006 12:05:11 -0500</pubDate>
<description><![CDATA[If you do not have the cash to put down on a second home, but have equity in your primary residence or other property you could utilize it in purchasing your investment property through a home equity loan or 2nd mortgage, and refinancing your current mortgage. Twenty-eight percent of investors with an investment property mortgage used their primary residences to procure down payment funds and you may be able to do the same. If you have not taken advantage of the lower rates since you purchased your primary residence, mortgage financing is something you should consider immediately while the rates are still low even if you are not looking at an investment. ]]></description>
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