Procedures for Defaulting on a Second Mortgage?

Answer If you're worried about defaulting on your second mortgage payments, you can turn to help from the federal government. The government runs its own modification program for second mortgage loans, en... Read More »

Top Q&A For: Procedures for Defaulting on a Second Mortgage

Laws for Mortgage Defaulting in Virginia?

When a borrower is excessively behind on mortgage payments, lenders have the right, based on home loan contracts, to foreclose. This means, lenders go through legal channels to evict borrowers and ... Read More »

Can you have a second mortgage included with a reverse mortgage?

A borrower who is 62 or older can purchase a reverse mortgage to pay off any and all debt on their primary residence, including a first and second mortgage debt.SignificanceA reverse mortgage pays ... Read More »

Can you refinance a primary mortgage without refinancing a second mortgage?

It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »

Is it possible to combine your mortgage&second mortgage at 100% ltv?

On One Hand: It is PossibleAccording to independent mortgage broker Tony Saenz, it is sometimes possible to take on a 100 percent loan to value (LTV) mortgage, which may enable you to combine first... Read More »