Tag Archives: Second Mortgage

home equity loans/second mortgage and foreclosure?

almost poor asked: Does anyone know the actual laws about this? If you lose your home to foreclosure, and you have a home equity loan, I mean obviously you should still continue to pay. But I’ve gotten mixed opinions on this and just wondering… are you completely and legally still obligated to pay that off [...]

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If I sell my house, do I have to also pay off my second mortgage at the same time?

Leah asked: I’m looking into selling my house. A couple of years ago, I took out a home equity loan to cover unexpected expenses. Can I pay off the mortgage loan, but still make payments on the home equity loan for the remainder of it’s term? I don’t think I will be able to sell [...]

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I already have a second mortgage.could you take out another home equity loan?

margaret d asked: actually, i should re-phrase that, i refinanced so that i could get a lower interest rate and split my mortgage into 2 so that we could eliminate the PMI…..Great Restaurants

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