Barriers and Problems Refinancing a Home Mortgage in 2009

My quest to refinance my home mortgage continues. Rates are around 5.00% with no points for a 30 year fixed, last I checked ... with a maximum amount, similar a credit card. You don’t receive a lump sum, but rather withdraw ... for private mortgage insurance (PMI) or take out a home equity line of credit (HELOC). Private Mortgage [more...]

Date: 2009-01-14 11:00:51

Blog posts (14) | Videos (34)
 

My Husband is Going Back to School

For the last couple years, my husband has been thinking about going back to school ... using a home equity line of credit. However, we need to consider getting a student loan. Taking [more...]

Date: 2009-01-15 13:15:58

What will Citi sell? - BloggingStocks

What will Citi sell? BloggingStocks - 5 hours ago ... a 3799 branches around the world that offer car loans, home-equity lines and personal "debt-consolidation" loans to repay credit cards and other bills. ... [more...]

Date: 2009-01-14 13:53:46

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 ... asking for a new loan when you have paid it back. What can the HELOC be used on?? We can all find [more...]

Date: 2009-01-05 19:12:07

Games Lenders Play, Part VII - Selling Mortgage Accelerator Programs

I thought I'd share this with you as an example of the sort of mind set to beware ... to go ahead, a HELOC (DM: Home Equity Line of Credit) is required to implement the program, so they will need YOU to arrange an "Advanced" (Home Equity) Line of Credit for them (earning you a fully [more...]

Date: 2008-08-05 13:51:55

30-Year Mortgage Rate Falls Below 5%

Just when you thought mortgage rates couldn’t get any lower, they did ... guides on how much you should spend on a home and the basics of home equity loans and lines ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]

Date: 2009-01-15 09:49:00

Home equity line for real estate investing?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... then most credit cards. This fact alone makes it ideal ... Line of Credit? With a normal loan, which deposits a set amount of money in your account and begins [more...]

Date: 2009-01-14 10:27:43

Refinancing vs Line of Credit

Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit. But in other situations it’s better to get a cash back refinance mortgage loan. You can find out which loan is best for your situation by doing some simple math [more...]

Date: 2009-01-09 03:29:21

Peak Credit & What That May Mean

A: Peak credit, sounds like I hit my limit on my credit cards! I guess its kind of true. For owners of home equity lines of credit, you may have noticed a decrease in your available credit line recently. Why is that? Because credit has peaked, and is now contracting! As banks work [more...]

Date: 2008-08-04 16:55:33

Is a Home Equity Second Mortgage Right for You?

Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]

Date: 2009-01-14 08:44:29

Walking Away Relieved When Deals Were Rejected

The Philadelphia Inquirer reports from Pennsylvania. “This is supposed to be a buyer’s market ... , but don’t close a deal. Sellers sit and wait, confident that someone will pay their price - eventually.” ... We refinanced and took out a home-equity line of credit several years ago to help make ends meet [more...]

Date: 2008-11-21 15:50:35

Layaway is Making a Comeback

I read an interesting article in the Detroit News about layaway ... to the customer. Now banks are lowering credit card limits and home equity lines, and even consumers ... . Before there were credit cards, stores offered layaway as an option to consumers who may [more...]

Date: 2008-12-14 06:13:42

Free Suze Orman Book, Business Tax Software, and More!

I’m always looking at monthly services that we have and finding ways to pay a little less ... . The goal is to facilitate $100 million in loans to American families and businesses. You can vote ... Your Home Equity Lines of Credit (HELOC) From Being Frozen: Max It Out? Buy A Foreclosure For Under [more...]

Date: 2009-01-14 14:29:46

Home Equity Financing Options - Should You Get a Home Equity Loan?

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... for consolidating or eliminating high interest credit card debts. This way, you are able to pay off ... access to emergency cash may opt for an equity line of credit. However, if you are not interested [more...]

Date: 2009-01-12 15:30:50

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