Home Equity Loans vs Home Equity Line of Credit - Which Option Should You Choose?
Tapping into your home equity loans qualifies you for low rates with the potential benefit of tax write offs ... line of credit waives closing costs and application fees for flexible lending amounts at slightly ... monthly payment. Home equity loans usually don’t have any limit balances, early payment, or annual [more...]
Date: 2009-01-09 04:45:25
Equity Line of Credit:Is this the Answer to Your Financial Needs?
by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... lots of uses for a line of credit loan…but here are some of the most common examples. Consolidate [more...]
Date: 2009-01-05 19:12:07
While mortgage rates may be a historic lows the screening that lenders are doing are stricter than ever ... rates, you'll need a FICO credit score of 720 or higher, says Cameron Findlay, chief economist ... it's not worth the trouble. ...If you have a home equity loan or line of credit, you'll probably need [more...]
Date: 2009-01-16 13:13:00
Has Deleveraging Even Begun? (Not For the Fainthearted)
It no doubt seems absurd to question the idea that deleveraging in underway ... . Leveraged buyout loans have been scarce to non-existent. Banks have cut home equity credit lines and credit card borrowing limits. Commercial and industrial loans have fallen. The private mortgage [more...]
Date: 2008-07-28 07:37:19
second residential mortgage
If you are still confused about what a second residential mortgage loan is and how you can use it to your advantage, you are literally losing money ... mortgage, check your personal credit report to ensure that your credit score has improved. Lenders ... loans.The other type is a “home equity line of credit” or HELOC. The main difference between the two [more...]
Date: 2009-01-14 10:43:37