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24 June 2008
Take a break from daydreaming about leisurely vacations in your Hawaii condo, and start researching your options for financing that second home.
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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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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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18 May 2008
Consider how wealthy people view borrowing.They use debt only as a means to build more wealth, a philosophy foreign to many home equity borrowers.Here are some common second mortgage loan traps that serve as temptations to many.
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16 May 2008
Home equity lines of credit are powerful financial tools.Understand the fine print before you sign.
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2 April 2008
With the news that Americans' percentage of equity in their homes has fallen below 50 percent, homeowners are looking for ways to increase the value of their properties.The methods that are most popular are cost-effective home improvements.
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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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10 March 2008
Excess inventory on the condo market has created advantages for opportunistic buyers.A home equity loan on your primary residence may be the ticket to help fund your new vacation or investment condo.
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3 March 2008
Some homeowners are washing their hands of mortgage debt.They simply mail their house keys to the bank, and let the lender worry about how to create tangible assets from properties that have no actual equity.
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27 February 2008
Countrywide and other financial institutions are notifying thousands of homeowners that their credit is shrinking as home prices sag.Some are revoking the entire line of credit, with little or no advance warning.
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22 February 2008
You've found the perfect house for you and your family, but the house you're living in hasn't sold yet.
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15 February 2008
Many retirees fret about financial security, but those with accumulated equity can find peace of mind by tapping into it in one of two ways.Reverse mortgages and home equity loans both work well to provide retirement income.
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13 February 2008
Demand for home equity loans has grown steadily in the past 20 years.Back in 1986, Congress eliminated the tax deduction for interest on consumer debt, but upheld the deduction on mortgages and loans backed by mortgages.
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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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24 January 2008
If you look at the unconventional techniques being used in the real estate business, you might think that "desperate times call for desperate measures." Some of these more unorthodox real estate techniques are actually working.
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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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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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