Tag Archives: 2nd Mortgages

Wait A Second… Where’d My Collateral Go?

Loan modifications & short sales are seen as the go to ways to avoid foreclosure, aside from staying and paying an upside down mortgage or a mortgage you can’t afford. But since the housing crisis started, one of the biggest … Continue reading

Posted in Banking and Finance | Tagged 2nd Mortgages, Foreclosures, Short Sales, Underwater Borrowers | 3 Comments

High-End Financing Just Got Easier

Getting financing on expensive properties just got a lot easier. Recently, Wells Fargo has raised it’s combined debt-to-income level on high-end loans to 80%. Well-qualified borrowers can buy a $1,200,000 home with $240,000 down, a $729,000 first loan and a … Continue reading

Posted in Banking and Finance, Fresh Perspectives | Tagged 2nd Mortgages, Jumbo Loans | Comments Off