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29 January 2011
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.
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19 January 2011
HELOCs offer low initial rates and financial flexibility, but are more unpredictable than a standard home equity loan.So are they the right choice for you?.
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1 September 2010
Reverse mortgages can be complicated financial products that many borrowers find hard to understand.To help clear things up, the Federal Reserve is proposing a new set of disclosures to provide a better understanding of the costs and risks associated with them.
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3 August 2010
Back in 1909, you could purchase the first car, the Ford Model T, for $850.
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14 April 2010
Did you go through a foreclosure or obtain a loan modification in the past year? Do you expect to do so in the near future? You could wind up with an unexpected and unwelcome tax bill.
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24 August 2009
With credit card interest rates rising right through the roof, some homeowners may be wondering whether a home equity loan or line of credit (HELOC) is the way to get their debts under control.The answer is a definite maybe.
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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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24 June 2008
The equity accumulated in a home can be a convenient source of income, particularly for homeowners who have paid off their mortgages.Before accessing that value, however, it's important to analyze one's particular financial situation and evaluate various equity tapping options.
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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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31 January 2008
When taking out a home equity loan, several states require that you pay a mortgage recording tax.Don't get caught off-guard by this tax.Here's an example of how it works in New York City.
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27 January 2008
When saving for the future, many people forget that their children's weddings will be another huge expense.Home equity loans or home equity lines of credit are viable, fast, and easy financial options that can help make it a very special day.
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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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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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19 October 2007
A boat-large or small, with engines or sails-can be a great place to relax after a hard week in the office.Learn how to finance your own dream yacht.
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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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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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22 March 2007
If you've been dreaming of a second home, 2007 may be the year to make that dream come true.When the real estate bubble burst, the hardest hit sector was the second home market.
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3 January 2007
Homeowners love to discover innovative methods to borrow money and expand equity.Now, a new home loan repayment idea born in the UK has arrived in the U.S.The so-called "mortgage accelerator" uses home equity loans to pay off mortgages and generate additional equity.
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22 November 2006
No matter how careful you are with your finances, the unexpected is bound to happen eventually.Unforeseen medical expenses or emergency home repairs can be devastating to your budget.Coming up with the necessary funds may seem impossible, but it could be relatively simple.
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24 October 2006
Whether you're self-employed or simply in a hurry, applying for a no-income verification home equity loan can make tapping your biggest asset much easier.Less paperwork can mean fewer hassles.
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