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27 September 2008
HELOC lenders are now realizing that they were overly enthusiastic about approving big credit lines for borrowers.As they try to reduce their risk exposure, some homeowners are getting a surprise notification that their HELOC has been cancelled.
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16 June 2008
Life is all about taking the good with the bad.With a home equity line of credit (HELOC), just make sure that your mortgage has more good than bad when you're comparing potential lenders.
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17 March 2008
When planning your financial future, the one thing you can count on is change.Unexpected life events can make the best-laid plans go awry.Flexibility is critical, and it's the main reason people choose an open-ended home equity line of credit (HELOC).
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14 January 2008
While mortgage brokers are running in circles trying to find lenders for their customers, savings banks are quietly reaching out to provide mortgages and HELOCs to good credit borrowers.
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18 November 2007
If you were a typical kid, you hated homework.But as an adult, you now understand that doing your homework can pay off financially-especially when you learn about the advantages of a home equity line of credit.
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27 October 2007
When starting a new business, an entrepreneur's first instinct is to turn to a bank for a business loan.Most banks prefer to lend only to established businesses, however, creating a catch 22.Home equity loans provide an excellent alternative.
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15 October 2007
Market dynamics make it a great time to find and purchase that dream home, as long as the purchase isn't contingent upon the sale of your existing one.If it is, use a HELOC to bridge the financial gap.
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26 September 2007
With relatively low interest rates and tax-deductible interest, home equity lines of credit (HELOCs) have always been considered the best choice when it comes to home improvement loans.But while they might be the top lending tool for homeowners, HELOCs have their fair share of risks.
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13 August 2007
A home equity line of credit can be a great tool for consolidating high interest credit card debt, or financing a long-overdue home improvement project.Get the lowest rate possible, and then bank the savings over time.
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15 April 2007
When you're strapped for cash, debt consolidation may sound as refreshing as an iced cold glass of water on a hot day.The irony is that debt consolidation loans require you to take on more debt, the very thing you already have too much of.
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