Expert Insights: Is a Home Equity Line of Credit Similar to a Second Mortgage?
A home equity loan, like a second mortgage, lets you tap up to about 80 percent of the appraised value of your home, minus your current mortgage balance. But because it’s set up as a line of credit, you will not be charged interest until you actually make a...
Expert Insights: What Is a Second Mortgage?
A second mortgage is a loan against the equity in your home. Financial institutions will generally let you borrow up to 80 percent of the appraised value of your home, minus the balance of your original mortgage. You may incur all the fees normally associated with a...
Expert Insights: What Is Amortization and Negative Amortization?
When you amortize a loan you basically pay off the principal by making regular installment payments. This typically takes place gradually over several years. Negative amortization is when the mortgage payment is smaller than the interest that is due, which causes the...
Expert Insights: What Is Private Mortgage Insurance?
Also referred to as PMI, it is insurance you pay to protect the lender in case you default on the home loan. It is required when borrowers put down less than 20% of the purchase price. Usually, a small fee is paid at the outset and a percentage of the face amount of...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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