What is a Second Mortgage and How Can It Be Used?

What is a Second Mortgage and How Can It Be Used?

One of the benefits of owning your own home is the chance to build equity. The longer you own a property, the more value it accrues. This happens for two reasons. First, you pay a little bit towards the principal balance every time you pay your mortgage. Second,...
Foreclosure and Buying a Home – What You Should Know

Foreclosure and Buying a Home – What You Should Know

If you have had a foreclosure in your past, buying a home becomes a little more complicated, but a foreclosure does not mean you can never become a homeowner. Each type of mortgage has its own set of circumstances and requirements you must meet. Knowing what these are...