As an existing homeowner looking for a 2nd mortgage or wanting to refinance your current mortgage, you might think home loans are all the same. Unfortunately, mortgages vary greatly from lender to lender. Your challenge is to sort through all the terms, conditions, fees, and annual percentage rates to find the best deal for your family.

This is not an easy task; if you do your homework and learn how mortgages work you will recognize a good deal when you see it. Home equity loans and 2nd mortgages are a booming business in today