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mortgage : Insurance

Second Mortgages

When you borrow money from a lender for the purchase of your home, that is a first mortgage. On top of the first mortgage, you can get a second mortgage, which is another loan that you guarantee with the property. A second mortgage has several differences compared to a first mortgage.

Mortgage Tax Information

A mortgage can provide you with an easy way to buy a house, but it can also give you access to some attractive tax breaks. When you use a mortgage to buy a primary or secondary home, you may be able to deduct money from your taxable income when filing your taxes.

Can I Deduct Reportable Mortgage Interest?

Under current IRS regulations, mortgage interest is deductible, but your allowance may be subject to certain limits based on how your mortgage id structured. The forms you need to file will depend on whether the mortgage is paid on your primary residence, secondary home or a rental property.

20-Year Vs. 30-Year Mortgage

The difference between a 20-year mortgage and a 30-year mortgage is a matter of affordability and savings. A 20-year mortgage will allow you to pay off your mortgage sooner than a 30-year mortgage and pay less finance charges.

Find Success With Remortgage Quotes

When you are looking to remortgage your house, your initial step is to obtain a good set of mortgage quotes. When first starting the process, you will concentrate on gathering information about your finances and ...

Is Commercial Real Estate The Right Choice For You

In this day and age, there is not enough information that you can get in regards to commercial real estate. You might not only need help making your own new decisions, but you may also ...

Mortgage Deferment Payment Options

Some troubled homeowners can benefit from a mortgage deferment plan.house money image by Alexandr Shebanov from Fotolia.comMortgage deferment plans are common with borrowers who need reprieve from their housing obligations during periods of financial hardship. In certain cases, lenders...

Adverse Loan: Making the Difficult Easier

Nothing is impossible in the loans industry. Even people whose financial standing seemingly deserves to be turned down by every lending firm can still borrow money. Such a loan is called an adverse loan. Normally, ...

Quick Guide On Financing Your Business

Even the most attractive and lucrative business opportunity can be unsuccessful if you have insufficient business financing to continue on with the deal. This is really important in business acquisiti

My Homeowners Advocate & Foreclosure Prevention

The first step to stop foreclosure is to contact your lender and try and obtain a reasonable loan workout or repayment plan. The quicker you get the ball rolling, the better chance you have of strikin

How to Find a Lower Home Mortgage Rate

Many homeowners need to refinance their home loans. When a borrower refinances, he is able to decrease his interest rate, save money on monthly payments and obtain cash for home improvements and other projects. Sometimes, all of these scenarios are possible simply by finding a lower rate. Securing a

Avoid The Treadmill

January brings us a new year full of new and exciting opportunities. So why is it that most people approach this New Year in the same way they approached the old one? Seriously, if you ...

How to Qualify for a Second Home Mortgage

When it comes to consolidating debt and paying off high interest credit cards, many people look to use the equity in their homes. This process is known most commonly as obtaining a home equity loan of getting a second mortgage. A second mortgage works much like your first mortgage in that second mor