Home Equity Loans Articles

Want to get your personal finances in order but you're not sure how?
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Remodeling With a Home Equity Loan – Six Things to Remember
Home Equity Loans

Remodeling With a Home Equity Loan – Six Things to Remember

Imagining how you're going to enjoy the new comforts of a home renovation after you've been approved for a home equity loan can be relaxing. The expanded living room, bigger bathtub, new game room or whatever else you've been dreaming of can seem like a carefree time that you'll soon be enjoying.

Dan Rafter
6 years ago
Home Equity Lending Jumps
Home Equity Loans

Home Equity Lending Jumps

Borrowers appear to be turning to home equity loans again, with the number of new home equity revolving lines of credit (HELOCs) up 10 percent over the past year.

Kirk Haverkamp
7 years ago
4 Home Improvement Loan Options
Home Equity Loans

4 Home Improvement Loan Options

There are many reasons to renovate your home. Here are a few ways to finance the project. Home renovation is an excellent way to breathe new life into your aging surroundings.

Dan Rafter
10 years ago
Six Second Mortgage Pitfalls
Home Equity Loans

Six Second Mortgage Pitfalls

Mistakes are inevitable. According to George Bernard Shaw, "Success doesn't consist in never making mistakes, but in never making the same one a second time." But an educated consumer can succeed without making any.

David  Mully
10 years ago
Three Best Reasons for a Second Mortgage
Home Equity Loans

Three Best Reasons for a Second Mortgage

Second mortgages have been accused of playing the role of bad boy in the mortgage crisis. Many borrowers, who wanted to buy homes with no money down, were piggybacking second mortgages on top of first ones. In addition to new homes, they were acquiring massive amounts of debt. Since everyone "knew" that housing prices would continue to climb, no one was worried about paying those loans back. They could always refinance and get more money out of the increased home equity to cover whatever financial woes they encountered.

Kara  Johnson
11 years ago
Consequences of a Second Mortgage Default
Home Equity Loans

Consequences of a Second Mortgage Default

Being late is good for making dramatic entrances at cocktail parties, but the advantages stop there. Arrive late to work and you could get fired. And if you slip behind on your second mortgage payments, you risk losing your home.

Dan Rafter
11 years ago
Four Reasons to use Home Equity to Buy a Car
Home Equity Loans

Four Reasons to use Home Equity to Buy a Car

Back in 1909, you could purchase the first car, the Ford Model T, for $850. That's such a bargain, you could probably afford that out of your pocket! Unfortunately, that number doesn't take inflation into account, which means that if you purchased that same car now, it would cost $20,513 in today's dollars. (Not such a bargain after all.)

Dan Rafter
11 years ago