http://www.sydneyfinancialgroup.com/blog Get out of debt and Payoff Mortgage loans with a Home Equity Line of Credit Fri, 01 Aug 2008 18:04:42 +0000 http://backend.userland.com/rss092 en Borrowers with credit scores under 650 are finding it nearly impossible to get a second mortgage without a huge amount of equity.  As a result, there has been a big drop in the number of home equity loans being issued by banks. There may be hope however, as the Wall Street ... http://www.sydneyfinancialgroup.com/blog/2008/08/01/sharp-drop-in-home-equity-loans/ Those hoping to leverage a 2nd mortgage loan towards a mortgage bailout may want to do so now before interest rates skyrocket. According to Naked Capitalism:  Note we have doubts about "rescue debtor" operations. Iin many cases, these borrowers had little to no equity in their home, which begs the question of ... http://www.sydneyfinancialgroup.com/blog/2008/04/30/bushs-bailout-plan-bursts/ Things have been looking ugly for investors lately, with it becoming increasingly difficult to successfully pay off mortgage debt. According to the Miami Herald: Harriet and Paul Fass, both 65 and hoping to soon retire, aren't rich. Even so, the Wilton Manors couple cobbled together $100,000 to invest in the financing of ... http://www.sydneyfinancialgroup.com/blog/2008/04/30/city-lies-to-investors/ A recent publication at an independent site, iamfacingforeclosure.com, states that as mortgage prices increase, many borrowers are handing in their keys and calling it “quits.” A new term has been coined for the envelopes that lenders are receiving all over the country by borrowers walking away from their mortgage obligations: ... http://www.sydneyfinancialgroup.com/blog/2008/03/19/struggling-borrowers-decide-to-quit-paying-mortgage/ A Reuter’s publication states New York’s real estate market may slow down in late 2008 if the economy along with Wallstreet doesn’t pick up. Negative press has also talked buyers into re-considering their purchase of real estate in the area due to the slowing of the economy, job-security, and the ... http://www.sydneyfinancialgroup.com/blog/2008/03/18/nyc-housing-market-could-stall-in-2008-second-mortgage-rates-to-increase/ The US government has maid a huge announcement through the Fed, indicating that they will be assuming two hundred billion dollars worth of bad mortgage debt, debt which will likely never be paid off. Mybudget360 reports: Unless you’ve been living under a rock, you are probably aware of the JP ... http://www.sydneyfinancialgroup.com/blog/2008/03/17/government-to-payoff-mortgage-debt/ The Chicago Tribune reports the new buyers of a rundown graystone on the South Side showed up on Jan. 9th to look at a house they won at a foreclosure auction but found a “surprise” inside. The surprise came in the form of a dead Randy Johnson, a middle aged ... http://www.sydneyfinancialgroup.com/blog/2008/03/11/foreclosure-house-with-a-%e2%80%9csurprise%e2%80%9d-inside/ An independent mortgage financing blog, Housing Wire, reports that “residential mortgage market woes have extended into commercial real estate.” Moody’s investor services reported Tuesday that the “commercial real estate price index used by the agency registered a second consecutive monthly decline, and the third in the past four months.”  Information ... http://www.sydneyfinancialgroup.com/blog/2008/03/06/commercial-real-estate-prices-decline-in-december/ Paying off one's mortgage is easy with a proper budget in place.  Obtaining such a budget can be difficult however.  Those looking to payoff a mortgage early may find it necessary to look for some form of succor other than a Mortgage bailout. ‘Some approaches risk billions in taxpayers’ money, perhaps ... http://www.sydneyfinancialgroup.com/blog/2008/03/06/payoff-mortgage-early/ Many were surprised to hear that Ambac announced today that International Securitisation Report (ISR) has named Ambac Monoline Insurer of the Year. Some who are familiar with Ambac know that it’s not one of the best insurers to handle your business or funds, but the award was legitimately won by ... http://www.sydneyfinancialgroup.com/blog/2008/03/05/ambac-winner-of-best-insurer-award-for-2007/