Mortgages

About FHA Reverse Mortgage Training

By VFranco

The Federal Housing Administration's (FHA) reverse mortgage program, also known as a Home Equity Conversion Mortgage (HECM) plan, enables qualifying seniors to improve their cash flow using home equity. To protect applicants and qualifying candidates, the FHA has imposed tight regulations on the reverse mortgage industry. To understand how to complete these sorts of mortgages, and how to...

How to Get 0% APR Balance Transfer Credit Cards

By Zac Wassink

Credit card debt can turn into a large burden if the interest rates on your cards increase. One way to deal with this problem is to transfer your debt to other credit cards. The best credit cards for these balance transfers are cards that have a 0% APR. Even if this rate only lasts for 12, 6 or even 3 months, the 0% APR will allow you to pay off your debt without your debt growing. Go to the...

Home Equity Loans vs Mortgages

By VFranco

People often use the terms "second mortgage" and "home equity loan" interchangeably. While both take advantage of equity you have built up in your home, and a second mortgage is in fact a type of loan against your home's equity, there are significant differences. If you are looking to tap into your home's equity, it is important to understand the basic principals of...