Second Mortgage

How can you get reverse mortgage in San Antonio, TX?

Suppose you have a home in San Antonio, TX on which you have quiet a bit of equity. Now you would like to get a HECM Reverse Mortgage and need a lender that specializes in Reverse Mortgages in Texas.

Well, for a start The National Reverse Mortgage Lender’s website is a good source in giving a list of lenders in San Antonio. Also, go to www.texasreverse.net and find someone who can work on your Texas Reverse Mortgage. Read the rest of this entry »

Planning to buy a new house in San Antonio with bad credit?

Home of the Alamo, San Antonio, Texas is a city well known for its history, diversity, and superior business climate. Few cities in the U.S. have experienced the explosive growth that has been felt in San Antonio and new residents are still flocking into the area at record numbers.

If you are looking to buy a home and your financing choices are restricted, check out the San Antonio bad credit mortgage plans that are accessible for you. Moreover, location is not a factor in getting a good interest rate. The key factor is your credit status. If you have a good credit rating you’ll get a better rate. Read the rest of this entry »

In Texas, can you refinance a mortgage if you are changing from a primary residence to a rental property?

Even if you have little or no equity in the home?

For instance, you currently live in the house, but are moving out of town in a month or two, but are trying to sell/rent the house. So is refinancing rental property allowed in the State of Texas? Read the rest of this entry »

Can you get a 2nd mortgage if you can’t re-finance the first one?

Suppose you are up against your 80 percent LTV for my first mortgage which is in accordance to the Texas law and you are wondering if you can get a second mortgage for at least some of your equity. Also your credit is not that great.

if you are not able to refinance your first mortgage, its probably due to credit issues. Getting a second mortgage, especially a home equity line of credit may be very tough. Since these types of loans use up the equity in your home, many lenders want better credit than normally required for a first mortgage. Read the rest of this entry »