2nd mortgage, NC North Carolina

2nd mortgage - NC North Carolina: mortgages, loans of any type, refinancing, quick easy online quotes, home equity loans, See if you could save on your mortgage today.

Pay down high balances on unsecured revolving debt like credit cards. High outstanding debt can affect a score.

Second mortgages can be great financial tools if used correctly. Whether your objective is to use the money to pay off bills, make a major purchase, or do a little home improvement the second mortgage is very often the best available means of borrowing that extra money.

6. Get a gift. Aunt Edna always liked you best. Take advantage of that favored family status and ask her to make a present of your down payment. Tax law allows gifts of several thousand dollars a year to be bestowed without tax consequences to either the giver or recipient. The gift-exclusion amount is adjusted annually to reflect inflation (its $11,000 in 2002), so check with the IRS to ensure guidelines are met. Many wealthy people use this tax rule to reduce potentially taxable estates while theyre still around to get the thanks. Not close to your family? Not a problem. The gift exclusion isnt limited to relatives. The monetary present can be from anyone, so track down a well-off friend now!

So how can a good Fool make sure that the guy who is helping him is really helping him? By hiring a buyer broker instead.