Lenders want home owners to borrow against their equity in 2017. 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 financial decision in some cases, but… 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 2017. How Does the HELOC… 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 is a popular move in 2017. 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 equity… 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 2015, 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 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 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. These are the… 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 on purchase, refinance and home equity loan transactions. Is a Home Equity Loan Tax Deductible? This tax deduction can be… 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 »
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