Is a Home Equity Loan Right for You?
One major asset that many homeowners tend to overlook when seeking a way out of a financial hardship is right under their noses… or perhaps more accurately, right over their heads: their home. Your home is an investment and there’s no ...
The Affordable Dream Home: Myth or Reality?
One part of the American dream is undoubtedly living comfortably in the home of your dreams. But exactly how attainable is this? It may be closer than you think. In fact, it may be only a modest mortgage and a ...
5 Helpful Tips for Future Home Equity Borrowers
As a homeowner, you have probably received offers in the mail to apply for a home equity line of credit (HELOC) or a home equity loan (HEL) . If handled properly, these types of loans can provide you with the income you need ...
Runners to Your Marks, Get Set, Go Buy a House!
Sometimes being a home buyer can feel a little like being a runner - you have to train (get your finances in order), warm up (get pre-approved for a mortgage), and actually run the race (search for a house or real ...
Get Your Home Equity Loan Into a Relationship
Banks will encourage their customers to have multiple accounts and services with them. It is good for them because they are more likely to have long-term customers, and it is good for you because you get special incentives and discounts for having ...
5 Things Lenders Look At When You Apply for a Home Equity Loan
Before you start the application process for your home equity loan, it is helpful to know what lenders look for in potential borrowers. With this knowledge you can get your documents in order before you apply ...
Beautify Your Backyard with Your Home’s Equity
It’s almost the fourth of July. The hot dogs will be sizzling and the watermelon will be juicy. But will your backyard be in shape so that your family and friends can enjoy them? If you’ve been thinking about starting ...
Home Equity Lines of Credit vs. Credit Cards
While both sources of financing - home equity lines of credit and credit cards - are revolving, or open-ended, and therefore can be used for the same types of expenses, it is important to know the differences between them so you can use them ...
Shopping for a Home Equity Loan
If you are planning a big project, and thinking about financing it by applying for a home equity loan, you need to take two preliminary steps. You first need to decide which type of home equity loan is right for you. After ...
Financing the Big Bill for the Big Day
June is again upon us, and with it comes the beginning of the wedding season. The average amount of money spent on weddings has been increasing over the past several years, and CNNMoney.com reports that it has now reached $27 ...