www.Pier55.com » Mortgages

Should I Refinance my Home

Pier55 — Sat, 08 Oct 2011 00:59:51 +0000

The economy right now is tough and people all over are struggling. Foreclosures are at an all time high too. This is especially true for those that have an adjustable rate mortgage. There are horror stories out there of people that have seen their monthly payments triple over the past couple of years. Refinancing your …

How to Avoid Foreclosure in a Tough Economy

Pier55 — Wed, 17 Aug 2011 23:52:18 +0000

The following are options to assist you to avoid foreclosure. Our home is our pride and joy, something we have worked hard for. Yet millions of families out there are facing tough foreclosure situations. If that is something that is looming over you there may be some things you can do to avoid foreclosure in …

What is a Reverse Mortgage

Pier55 — Wed, 29 Jul 2009 00:09:28 +0000

A reverse mortgage is basically a type of loan for equity rich owners of a certain age. The difference between a reverse mortgage compared to a normal mortgage is that the equity pays the monthly fee rather than having to make a monthly payment like a normal mortgage. The pool of the equity will deplete itself as the months go by with a reverse mortgage.