Mortgage & Refinancing Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

How To Tap In To Your Home Equity


With today's relatively low interest rates and climbingproperty values, many consumers are considering taping intotheir home equity to finance everything from homeimprovement projects to debt consolidation.

Secured home loans, also called home equity loans, areloans backed by the borrower's equity in their property.Equity is the difference between your home's appraisedvalue and the balance on your mortgage.

When a homeowner takes out a secured home loan, theypromise to repay the lender and sign a contract that makestheir home the collateral for the loan. If the borrowerdoes not repay the loan as agreed, the lender has the rightto foreclose on the home. Generally, loans are repaid witha monthly payment over a fixed term.

As interest rates and loan terms may vary widely dependingon your credit score, your home equity, and the amount ofthe loan, it is important to compare several differentlenders to ensure you are getting the best loan for yoursituation.

There are many advantages to secured home loans. Homeequity loans generally have lower interest rates thanunsecured loans. In addition, there are many differenttypes of secured home loans to fit your needs.

When considering using your home as a security instrumentto obtain a loan, it is important to consider the amountyou can afford monthly. Although loans can be used forvirtually anything, if you are going to use the money tomake large purchase, make sure you are buying somethingthat will outlast the life of the loan.

Remember, if you do not repay the loan as agreed, you maylose your home. While it may be smart to tap into equityfor home improvement projects that will increase yourproperty value, it may be foolish to put your home on theline for that dream vacation.

Frank Kelly is a freelance writer. Years ago he was anemployee who regularly used payday loans to get thro themonth. Then he disocvered the better alternative of a homeequity loan.

Discover useful advice and information about home equityloans. Website contains articles and advice about homeequity loans. http://www.homeequityloans-cheap.com/


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Birmingham Business Journal

Study: Even with rate upticks, metro Bham homeowners miss out on refinancing savings
Birmingham Business Journal
Many homeowners in the Birmingham metro area could be missing out on savings by not refinancing their mortgages – even with the recent uptick in rates. Jefferson County was listed as No. 1 in the state where homeowners are missing out on refinance ...



HousingWire

MBA: Mortgage refinance apps increase from week before | 2018-02 ...
HousingWire
The Refinance Index increased 1% from the previous week, however, the refinance share of mortgage application activity continues to decrease. But even as refinance apps increased, purchase applications remained unchanged.

and more »


Real Property – Mortgage Refinance – Attorney Preference – First Impression – Prepopulated Form
South Carolina Lawyers Weekly
Boone v. Quicken Loans, Inc. (Lawyers Weekly No. 002-035-18, 11 pp.) (J. Michelle Childs, J.) 5:15-cv-04772; D.S.C. Holding: Even though plaintiffs complain that defendant sent them a mortgage refinance form prepopulated with “I/we will not use the ...



Daily Trust

Mortgage refinance coy empowers 45 IDPs with technical skills
Daily Trust
The Nigeria Mortgage Refinance Company (NMRC) has empowered 45 Internally Displaced Persons (IDPs) with technical skills in different aspects of housing construction work. The skills are in masonry/tiling, plumbing as well as electrical installations ...



CNBC

Mortgage refinance applications surge 9 percent as rates fall back
CNBC
Houses stand near the former Bethlehem Steel plant, now occupied by Gautier Steel Ltd., in downtown Johnstown, Pennsylvania. Interest rates on home loans are now significantly lower than a year ago, and that may be bringing more homeowners back to ...

and more »


Independent Newspapers Limited

Mortgage Refinance Coy Trains 45 IDPs In Technical Skills
Independent Newspapers Limited
The Nigeria Mortgage Refinance Company (NMRC) has empowered 45 Internally Displaced Persons (IDPs) with technical skills in different aspects of housing construction work. The skills are in masonry/tiling, plumbing as well as electrical installations ...

and more »


Bankrate.com

4 ways to get the best mortgage refinance rate
Bankrate.com
If you can shave at least one-half of 1 percentage point off your current mortgage rate, it can be worth your while to trade in your existing home loan for a new one. Here are some tips for getting the very best refinance rate. 1. Polish up your credit ...

and more »


Philadelphia Business Journal

San Fran startup with Indy Hall roots expands to Pennsylvania
Philadelphia Business Journal
Online home lending platform Lenda may be based in San Francisco, but its CEO and Co-founder Jason van den Brand is adamant. The Philadelphia area is home. That's one of the reasons why van den Brand — who grew up in Bucks County, graduated from ...



LoanLogics analyst warns of imminent mortgage market volatility
CUinsight.com (press release)
TREVOSE, PA (January 30, 2018) — “This year is shaping up as a year of volatility for the residential mortgage industry, with originations plunging as interest rates rise in response to $1 trillion reductions in asset purchases by central banks,” says ...

and more »


11 Ways to Get the Lowest Mortgage Refinance Rate
NerdWallet (blog)
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money. 11 ways to get lower mortgage ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA