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It is going to be tough to get more than the purchase price of the home. There are a few lenders who might be willing to lend 125% but the interest rate will be on the higher side.

You will not know for sure till you ask around and do


By getting a second mortgage you will be at a higher interest rate and introducing a 2nd payment, so it would be like having 2 mortgage payments. Albeit the 2nd one is probably much lower.

You should just negotiate a lower down payment


You're considering foreclosure? I don't think you understand. It's not your choice. It's the bank who decides to foreclose on you. The foreclosure process takes a while so you'll be in your home for a while. But all the while interest charges will accumulate


You're considering foreclosure? I don't think you understand. It's not your choice. It's the bank who decides to foreclose on you. The foreclosure process takes a while so you'll be in your home for a while. But all the while interest charges will accumulate


Maybe. You would have to refinance you existing mortage, then pay off you HELOC. Unless you can get a loan with NO closing costs at the same or lesser interest rate, ti doesn't make sense. It might take you 10 years to break even. Since you can use

first one mortgage news

Mortgage Securities Trader Blasts Wall Street

23.02.12

The first thing I should mention about Larry Doyle are his life's priorities: faith, family, capitalism.

He grew up in a big Catholic family in Boston. His father was a lawyer. His mother was a real estate agent. He was one of eight siblings, five of whom landed work on Wall Street .


Source: Fox Business

Foreclosure data: What's really going on?

23.02.12

By MarketWatch

Don’t miss these top stories:

Mortgage delinquencies, foreclosures fall

Foreclosure activity up 3% in January

Kiss these 10 once-popular home features goodbye

Housing crisis could play key role in election


Source: MarketWatch

Four more indicted in Sacramento mortgage fraud scheme

23.02.12

Four more Sacramento-area residents face criminal charges as part of the federal government's investigation into one of the region's largest alleged mortgage fraud schemes.

A federal grand jury on Thursday indicted Timofey Gurin of Olivehurst, Anna Kuzmenko of Carmichael, Vitaliy Andreyev of West Sacramento and his brother Andrey Andreyev of Antelope on wire fraud charges for allegedly using phony loan documents to purchase homes that later went into foreclosure.


Source: Sacramento Bee