Mortgage Loan offers guaranteed low rate home mortgage loan programs for your refinance loan, cash out refinance, second mortgage, refinancing, debt consolidation, home equity, home improvement, FHA and VA 2nd mortgage loans.
Restructure Mortgage Loan
Mortgage Quote
Get a free loan quote for purchase or refinancing.
Mortgage Quotes
Home Equity Loan
Home Equity Loan Quotes
No cost quote for cash out and credit lines.
Home Equity Loan Information
Home Equity Loan Lenders
Home Equity Loans
Home Equity Loan Rates
Mortgage Information
Mortgage Lenders
Find out what discounts our lending reps are offering today!
Mortgage Interest Rate Forecast
Mortgage Rate Index Options
Negative Amortization Loans
Deferred interest loans start at (check with lender) for purchase and refinance.
Neg Am Mortgage Loans
Payment Option ARM Loans
Mortgage Rates
Mortgage Refinance
Mortgage Refinance Information
Mortgage Refinance Lenders
Mortgage Refinance Loans
Mortgage Refinance Rates
Refinance Quote
Get more info on better rate, fixed interest loan options.
Refinance Quotes
Refinance Home Equity Mortgage
Cash Out Mortgage Loans
Consolidation Mortgage Loans
Adjustable Rate Mortgage Loans
30 Year Fixed Rate Mortgage Loans
Interest Only Mortgage Loans
Self Employed Mortgage Loans
Hard Money Loans - California
Jumbo Home Mortgage Loans
Self Employed Home Equity Loans
Pros and Cons of Interest Only Loans
Negative Amortization Home Purchase Loans
Refinance Second Mortgage
Second Mortgage
Second Mortgage Quote
Second Mortgage Quotes
Second Mortgage Information
Second Mortgage Lenders
Second Mortgage Loans
Second Mortgage Rates
Second Mortgage Refinance
Second Mortgages
Cash Out Second Mortgage

Adjustable Rate Second Mortgage

Fixed Rate Second Mortgage

Interest Only Second Mortgage

Second Mortgage Refinance

125% Second Mortgage

Second Mortgage Lending

Second Mortgage Bad Credit

Second Mortgage Quotes

Getting a Second Mortgage Quote
Second Mortgage quote programs, and particularly lines of credit, may allow you to use your real estate equity for everything from debt consolidation to paying college tuition. You put your own house at risk, so be realistic when you compare loan amounts, rates, and terms.

Borrow the amount you actually need.
If you still owe $100,000 on your $150,000 house, and your lender uses an 80 percent loan-to-value (LTV) ratio, you could borrow up to $20,000 (80 percent of your home's appraised value minus the $100,000 you still owe). You may need the whole amount, but remember that represents a second mortgage quote payment at a higher interest rate than your original loan, and you will have to pay off both loans when you sell your house. It's prudent to take out less than the full amount if you can.

Do your homework when you shop for home equity lines of credit.
These flexible loans vary widely, and some don't charge an annual fee. Compare the interest, teaser rates and rate caps on every line of credit you consider. Finally, look for a line of credit that allows you to pay down your principal every month, instead of making interest-only payments.

When comparing second mortgage loans, look at short-term and long-term costs.
Short-term costs include origination fees, points and closing costs. (Many lenders advertise "no-cost" loans, for which you usually pay a half-point more in interest.) Long-term cost is the total amount of interest you'll pay over the life of the loan. This is easy to calculate with a fixed-rate loan, using an amortization chart from your lender. If your loan is adjustable, you'll need to compare the annual percentage rates (APRs), points, index rates, margins, lender fees and other loan terms. Lenders are required to give you all this information when you apply for the loan.

Watch out for negative amortization.
This applies to both second mortgages and lines of credit. If you have an adjustable-rate second mortgage or home equity loan, your monthly payment cannot be fixed. As with any adjustable, your payments should increase when interest rates rise. If your adjustable program specifies fixed payments, that means the additional interest is added to the end of your loan, and you'll be expected to pay this extra money at the end of the loan term. This can also happen with a line of credit. Avoid both situations by asking your lender to specify your payment terms very clearly before you commit.

Compare terms with a refinancing/cash-out package before you commit.
Getting a second mortgage may still be the best route to tapping your home value, but it pays to consider all your options, including refinancing.

Freddie Mac's weekly survey of mortgage rates released Thursday showed that rates on 30-year, fixed rate mortgages averaged 4 percent for the week ending November 6th.

For most of 2011, rates on benchmark 30-year mortgages averaged 4.25% percent, second only to last year's 4.125 percent, the lowest annual rate in Freddie Mac's record keeping.

Take out a Home Improvement loan and make those cosmetic changes that you've been talking about. In most cases, making home improvements increases the value of your property. Home Improvement Loans!

"No Income Verified" Debt Relief Programs - Is your income difficult to prove? We have debt consolidation mortgage loans that do not require the standard income documentation. (like W2's)

Do you have Less-than-perfect credit? - We specialize in debt consolidation loans even if your credit is in "the rebuilding phase".

Bankruptcy or Foreclosure - Even if you've had a bankruptcy, or foreclosure in the past, we will do our best to get you qualified for a debt consolidation loan.

Mortgage Calculator
Company Profile
Contact Us
Loan Process
Mortgage Resources
Mortgage Directory
Mortgage Partnering
Home Loan Checklist
Mortgage Articles
Neg Am Loan Article
Pick a Payment Option ARM Article
This website cannot approve loans online & this is not an advertisement for credit defined by paragraph 226.24 of Regulation Z.
Copyright 2005 to 2013 and beyond, Mortgage Loan Outlet. All Rights Reserved.
Apply Now | Home | Disclaimers