Personal Finance Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
PACE a different type of energy efficiency loan
Personal Finance

PACE a different type of energy efficiency loan

The high costs of adding solar power or replacing a roof or air conditioner don’t have to be paid with a credit card or pulling money out of savings, as 76 percent of Americans do when financing home improvements. Many homeowners use home equity loans to pay for green energy and related work on a home without having money upfront.

Dan Rafter
3 years ago
Will California wildfires affect Los Angles home loans & prices?
Personal Finance

Will California wildfires affect Los Angles home loans & prices?

Firefighters after nearly a month had by late December of last year mostly contained the Thomas Fire, the biggest wildfire in California's history. But the fire, which started Dec. 4 about 60 miles northwest of the center of Los Angeles, had already destroyed more than 1,060 structures and burned more than 281,000 acres.

Aaron Crowe
3 years ago
Using a home equity loan to start a business
Personal Finance

Using a home equity loan to start a business

A home equity loan or home equity line of credit (HELOC) is often used to make home repairs or remodel a house. They’re both a type of second mortgage on a home — with the home as collateral if the borrower defaults — so using a home equity loan on something risky such as starting a business should be done with care.

Kara  Johnson
3 years ago