Are Second Mortgages Hips Again?

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Are Second Mortgages Hips Again?
(presented by www.refinance-refinance.net - mortgage lenders)

By Barry Donavan

With the Fed chairman continually raising interest rates, the refinance boom for first mortgages may be over. In the last 3 years, millions of homeowners were fortunate enough to lock into thirty year fixed rate mortgages at 5.5%. With the market shifting and the rates climbing, it’s time to consider second mortgages for getting cash.

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Clearly, the demand for money still exists, but consumers are looking for alternatives to refinancing their existing 1st mortgage. Most homeowners don

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This entry was posted on Saturday, April 15th, 2006 at 5:20 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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