So the value of your home has been soaring for the past several years. You see all of that equity sitting in your property, and you ALSO see that old dingy kitchen and bathroom and think, maybe it’s time for a remodel! Millions of Americans are thinking the same thing. The economy is accelerating and… Read More »

Home owners who meet the lending criteria may be able to get a second mortgage loan if they qualify. You may have heard radio advertisements recently bragging about how low second mortgage rates are today for home equity lines of credit and fixed cash out 2nd mortgages. Getting a second mortgage can help you to access… Read More »

As you may have heard on the radio recently, home equity loan rates remain at some of the lowest levels in decades. One of the best aspects of home ownership is that you grow equity in the property over time. If you choose, you can pull out some of that cash with a fixed or… Read More »

Many people don’t realize that they can finance a swimming pool with a home equity loan. While it will always be cheaper to pay cash for your new pool, there are a number of swimming pool financing options to consider. One way to save money on taking vacations is to have a vacation right in… Read More »

Not all banks and loan shops offer 2nd mortgages, so we suggest finding second mortgage lenders that specialize in this unique niche market of subordinate financing. So unless you have a lot of equity and an amazingly high credit score, the chances are pretty slim that you can walk into your local bank and take out… Read More »

Many people believe that bad credit home equity loans are not possible. It is not surprising that the people who often need loans the most are the ones with poor credit. If you have a low credit score, it is likely you have been turned down for lines of credit before. Whether you need funds for… Read More »

Many Americans want to remodel their homes but lack the cash in the bank to pay for the remodeling projects so home improvement loans have become popular solutions. So what to do? Well, the credit markets are loosening up quite a bit in the last few years, so you may have more options to finance… Read More »

If you are carrying high interest debt on credit cards or on other high interest lines of credit, one thing to consider is to take out a second mortgage on your house. A second mortgage is another loan on your home in addition to your first mortgage. Your home is used as the collateral so… Read More »

Do you need cash and own your home? Do you have equity? If so, you may have the solution to your problems right in front of you! Homeowners needing cash may be able to leverage their property with a home equity or HELOC loan and use it for how they see fit. Equity is defined as… Read More »

When you sell your home, if you have made money on the property, you can enjoy a large financial windfall. But until you sell your home, your equity is locked up in the property. That is, unless you decide to get a home equity loan or home equity credit line (HELOC) and tap that equity.… Read More »

In the old days, you usually had to buy the panels with cash, or lease the solar panels. The lease let you rent the panels and to send any unused energy from the panels back to the utility company. Then you could get a credit on your energy bill which would lower your energy costs.… Read More »

Most people at one time or another need access to capital that is not sitting in their savings account. Perhaps you need to pay for your son’s college education, or you want to add a bedroom to your home. For homeowners, one of the most popular options is to take out a home equity line… Read More »

As a homeowner, you probably know that the US government encourages you to buy a house of your own by allowing you to deduce mortgage interest off of your taxes up to a certain point. Is a Home Equity Loan Tax Deductible? This tax deduction can be up to $100,000 per year, and generally helps… Read More »

Homeowners often want to make many improvements to their home. It is after all where they live and spend most of their time. Homeowners also want to renovate their home to add value to it before they put it on the market and a construction loan and a home equity credit line are two popular… Read More »

Donald Trump was elected the next president of the United States, and some financial experts believe that the President-elect could be good for the housing and mortgage industry. One of the areas of real estate that could see more activity is in home equity loans. A home equity loan is a form of second mortgage… Read More »

If you have owned a home for a few or a lot of years, you probably have a considerable amount of equity in your property. Equity is the difference between the value of your home and the amount that you owe your lender. One of the popular things that many homeowners like to do is… Read More »

If you are like many American homeowners, you may have a need for extra money in your life – to pay for a college education, healthcare bills, home renovations or something else. One of the benefits of being a homeowner is that at some point, you probably will have substantial equity in your home that… Read More »