Home-owners have seen the equity in their home increase the last few years, and interest rates are on the rise. Rather than refinancing their first mortgages and possibly getting a higher interest rate, more home owners are opting for a home equity loan that provides a clear and simple path to receive cash back cost-effectively.… Read More »
Home improvements are on a lot of minds in 2018. The housing market is hot, and home values are up by 7% overall from last year. To take advantage of new home improvement financing, rising home equity and property values, many home owners want to do home remodeling or repairs. With the Housing Markets Surging,… Read More »
For most homeowners, the most difficult part of getting home improvements and a remodel done is not the work itself. The hardest thing is to find a good contractor to do the work. Before taking out a HELOC or an equity loan, it makes sense to get a plan. Redoing a kitchen or bathroom is… Read More »
If you have been paying attention to the news, you may have been noticing a lot of home equity loan advertisements and cash out offers with home equity lines of credit and 2nd mortgage loans. Many Americans who own their homes are enjoying rising home values. Last year, the average home in America rose 6%… Read More »
Banks and brokers across the country have started advertising ‘low rate home equity loans’ that are supposed to make your life better. That may or may not be the case, but today’s home equity loans are helping people meet their needs by offering access to cash and the terms allow the borrower to repay the… Read More »
With home values rebounding dramatically the last few years, many home-owners are mulling over an second mortgage or credit line that provides them access to quick cash at a cheap rate. A home equity loan or line of credit are still the two most popular second mortgage programs in the new year. A person’s home… Read More »
Lenders want home-owners to borrow against their equity as the housing market looks to be surging in 2018. The question to ask yourself is: Should you? Low interest rates and rising home values are causing more people to take out home equity loans and home equity credit lines. Using your home’s equity can be a wise… Read More »
Is the value of your home rising? Do you have at least 10 to 20% equity? Then you may be thinking about tapping some of your hard-earned money with a home equity line of credit, or HELOC. If so, please use this article as your guide to HELOC loans for 2018. The tax deduction laws… Read More »
Homeowners have been refinancing revolving debt and credit card interest for decades. When property values are up nationally and the economy is roaring, mortgage lenders are willing to take on more risks and aggressive home equity programs are typically more available. If you have thousands of dollars in credit card debt, you may be having… Read More »
Getting a home equity line of credit or HELOC loan looks to be popular move in 2018. The best HELOC rates are still very reasonable, and property values are appreciating in much of the US. It’s no secret that homeowners have access to many financial benefits such as tax deductions and flexible low interest home… Read More »
Most homes in America are purchased with a mortgage. If you have a mortgage, you probably have some equity in your property. This is almost definitely the case in 2017 because house values are on the way up. For many years, the second mortgage has been a popular financing tool for homeowners to remodel or rehabilitate… Read More »
Millions of home owners today like to tap the equity in their home to pay for things they want or need with a cash out home equity loan, refinance or HELOC. One of the big reasons is that homes are appreciating in value; in 2017, homes in the US on average grew in value by… Read More »
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 Gain 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 and brokers that specialize in this unique niche market of subordinate financing. Try walking into your favorite bank or neighborhood credit union and obtaining a low rate second mortgage or credit line with average homeowner credentials. Meet 2nd Mortgage… Read More »
Many people believe that bad credit home equity loans are not possible. It is not surprising that the people who often need house 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 or equity loans before. Whether… 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 the… 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 credit line and tap that equity. This is a… 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 house values rise, more and more consumers have started asking me questions about home equity loan tax deductions. 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 on… 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 »
Taking out a second mortgage can be a very useful tool to increase your wealth if it is managed properly. There are many reasons that homeowners take out second mortgage loans and cash out mortgages, and many of them can be good ideas in the right circumstances. What Is a Second Mortgage Loan and How… 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 a second… 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 »
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