These are tough times if you need a loan but don’t have sufficient or unencumbered property to offer as a collateral to the Bank or other financial institution. Cash is King and if you need more liquidity quick but your first mortgage lender will not advance any more or cannot act quickly, you might be in unforeseen distress. A Second mortgage might be the best possible option at this hard…

Belleville, ON December 21, 2006 — When the names of the mortgage industry’s “best and brightest” stars were announced, Belleville’s wn “House Team” — the Mortgage Intelligence/ Peter House Group — emerged as one of Canada’s top mortgage brokerages for Customer Service.Lead broker Peter House was also on the exclusive shortlist for the top individual honour: Broker of the Year. The awards are given by the Canadian Mortgage Professionals (CMP):…

6bits questioned: I inherited a large amount of money and someone mentioned getting into mortgage investments. I don’t know a thing about them. I already have my Roth IRA and other mutual funds going so I want to try something new but I don’t want to get taken advantage of.

Amie A questioned: I live in a three unit condo. The second unit is vacant (the owners went out 2 years ago) and the unit is in foreclosure. We (the condo association) needs to contact unit 2’s mortgage company for back payment of unpaid condo fees. How do I find out their mortgage company?

The Truth About the Mortgage MarketBy Kevin Patrick, CEOFirst Coast TrustJacksonville, FL – Subprime mortgages have now been credited for bankrupting well over 135 lenders and seriously damaging operations at many major mortgage firms. They’ve reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren’t enough, subprime mortgages are also blamed…

ounlopez questioned: Hi all,

I am plotting to buy a house with 5-10% down, but I want to remodel the kitchen and bedroom within the next two years. I expect this will add to the value of the house, making my loan-to-value ratio closer to 80/20. Do you reckon I should get a mortgage with an ARM, if it has a better rate, and then refinance once the remodeling is complete? Any…

eric_j_morton questioned: I bought a house a year ago and fixed it up while I was living n it. Now I want to buy a new house and rent my current one out. What are my options in getting a new mortgage; will it be a regular one or an investment mortgage?

According to The Mortgage Bankers Association, a record 5.4 million homeowners in the United States are currently behind on their mortgage payments, as covered recently by The San Francisco Chronicle. As the economy weakens, taking the job market with it, the desperation level of these homeowners continues to grow. That combination makes for a fertile hunting ground for scammers looking to make a quick score. Being taken in a scam…

An Interview with Attorney and Consumer Advocate, James M. Parsa from the National Loan Modification CenterMr. Parsa, first of all, how does a homeowner qualify for a Loan Modification?Attorney James Parsa from the National Loan Modification Center:Fortunately, or unfortunately, depending on your point of view, our hard times call for bold measures. And the banks and lenders out there are at the present time willing to work out deals with…

The word mortgage comes from the Ancient French word morgage which means literally “death-pledge.” It is a form of debt that is secured by the borrower’s real estate property and usually is for the acquisition of the real estate property that the mortgage is being placed on. This allows the borrower to buy real estate without having to pay its entire value up-front. There happen to be many different types…