Prescription for the Future
CNN Money - They owe $138,000 on a seven-year ARM. And earlier this year Sonya took out a $40,000 second mortgage to buy 90 acres with her father in New Haven, Ky., her hometown. The couple plan to relocate to that state or to Alabama, where Nop is from, in 2009

Marietta working to take over Sunbaked
Alamogordo Daily News - The documents, filed with the county clerk’s office, include a $2.8 million mortgage with CommerceWest Bank, the deed of trust for a $1.97 million second mortgage from CommerceWest and a subordination agreement that gives CommerceWest the first lien

Countrywide clarifies lending choices
Los Angeles Daily News - Mix it up with the combination of a first mortgage and a second mortgage. It’s a way to avoid private mortgage insurance and enables you to pay down the second mortgage separately. If the second mortgage is a home equity line of credit, borrowers may

Bob Bruss: Ex-Californian discovers another meaning for ‘escrow’ in
San Antonio Express News - You could have avoided PMI completely by obtaining an 80 percent first mortgage and a 20 percent home-equity loan or second mortgage. Or the lender could have charged a slightly higher interest rate and paid the PMI premiums for

Owning A Home
Morning News - Dennis, who recently purchased a condo in Bella Vista for $83,000, said his 30-year mortgage was fixed at 5.75 percent, while a second mortgage to cover down payment and closing costs was 7.25 percent for 10 years. He said his out of pocket expense

June home sales in Bay Area slowest since ‘95
Silicon Valley - The owner used a combination of a first and second mortgage to come up with the purchase price, according to public records. The home has been for sale since March. Areas of weakness In the broad area comprising central, East and South San Jose, it