The Growing Popularity of Second Mortgages

The Growing Popularity of Second Mortgages

The current market for second mortgages is experiencing a significant increase in demand among homeowners. This surge in popularity is driven by various factors, including: Rising Home Values: As home values continue to increase, homeowners are finding themselves with...
Why HELOC Loans are so Popular

Why HELOC Loans are so Popular

Why are most homeowners choosing to access equity in their homes opting for a Home Equity Line of Credit (HELOC) loan?  Primarily because most homeowners currently have an interest rate on their mortgages that is far lower than the current market rate.  A cash-out...
Reverse vs. Flex Mortgage

Reverse vs. Flex Mortgage

Modern reverse mortgages are a type of loan that allows most homeowners who are at least 55 years old to borrow against their home equity. Unlike a regular forward mortgage, monthly loan payments are completely optional.  Simply put, you have the flexibility to treat...