Home Equity Loans Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Frank Urges Banks to Write Off Second Liens
Home Equity Loans

Frank Urges Banks to Write Off Second Liens

The influential chair of the House Financial Services Committee is ratcheting up the pressure on lenders to write off nearly worthless second liens to clear the way for loan modifications to help homeowners avoid foreclosure.

David  Mully
11 years ago
Can You Get Away With Not Paying a Second Mortgage?
Home Equity Loans

Can You Get Away With Not Paying a Second Mortgage?

Many of the people who are in serious financial difficulty with their home loans have both a first and second mortgage. Faced with foreclosure and perhaps even bankruptcy, some may wonder "what if I just stop paying the second mortgage? What's the worst they can do?"

David  Mully
11 years ago
Learn About Piggyback Second Mortgages
Home Equity Loans

Learn About Piggyback Second Mortgages

The piggyback 2nd mortgage is a small loan used in tandem with a first mortgage in order to help the buyer of a home avoid out of pocket expenses. Like other somewhat exotic mortgages, the piggyback loan should be used wisely and viewed with a modicum of caution and prudence.

David  Mully
13 years ago
Pay Off Debt with a Home Equity Loan
Home Equity Loans

Pay Off Debt with a Home Equity Loan

The consumer is the true engine of our economy. The more people buy, the better our capitalist system works. While consumerism works well on a macro level, sometimes people over-extend themselves on the micro-level and accumulate debt. If you need to get yourself out of the red, consider using a home equity loan.

David  Mully
13 years ago
Three Alternatives to Home Equity Loans
Home Equity Loans

Three Alternatives to Home Equity Loans

Home equity loans are a popular option for borrowing money. Rates are attractive, the interest paid is often tax-deductible and options such as a home equity line of credit (HELOC) provide financial flexibility.

David  Mully
13 years ago
Solar Home Financing: Alternative to Second Mortgages
Home Equity Loans

Solar Home Financing: Alternative to Second Mortgages

Homeowners in Berkeley, Calif., may soon have access to low-cost financing for energy efficient home upgrades. A proposed city program would allow Berkeley homeowners to pay for the installation of solar panels and solar hot water heaters through their property tax bill.

Dan Rafter
13 years ago
Finding the Best Home Improvement Loan
Home Equity Loans

Finding the Best Home Improvement Loan

When the contractor brought you the home improvement estimate, did you almost fall off your chair? Once the dizziness faded, did you take a deep breath and quickly regain your composure? Now you're ready to face the big challenge-where will the money come from?

Aaron Crowe
14 years ago
Home Improvement Loans:  Financing Options
Home Equity Loans

Home Improvement Loans: Financing Options

One of the best ways to add value to your home-and enhance the quality of life inside-is through a home improvement project aimed at sprucing it up or adding amenities. Some of the most popular upgrades also return the highest dollar-for-dollar return on your investment. Remodeling a kitchen, adding a bathroom, or replacing an aging roof, can add equity now, and market value later, if you decide to rent or sell your property. Financing options are numerous, and lenders offer a variety of payment options, rates, and terms.

Kara  Johnson
15 years ago
Home Equity Loan Helps Prepare for Sale
Home Equity Loans

Home Equity Loan Helps Prepare for Sale

Realtors refer to a home's ability to make a great first impression as "curb appeal." When people view a handsome house from the street, they're enticed to go in and have a look. Spending money to improve property always increases the chances of getting a higher price in a shorter amount of time. Getting those results is especially important now that the housing market has begun to cool off.

Aaron Crowe
15 years ago