Articles
Selected category: Home Equity
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Applying for A Home Equity Loan - What you Need to Know
efore you apply for a home equity loan, first decide if a fixed-rate home equity loan (HEL) or a variable-rate home equity line of credit (HELOC) will better suit your needs. While a home equity loan offers you a fixed interest rate for a set amount to be repaid over a specified period of time, a home equity line of credit is more flexible - you can borrow what you need up to your approved credit amount at a variable rate that can adjust.
Read →Mortgage rates may never be this low again. So why are the numbers of people looking for mortgage loans or refinance loans dropping?
Read →California is one of the hardest hit states when it comes to the housing crisis. But their could be good news as the state is trying to help potential homebuyers.
Read →The federal government is giving local jurisdictions first crack at the foreclosed homes in their communities. How will this new program work and will it benefit the housing market?
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Low Credit Scores Causing Problem for Home Loans
The FHA has issued new guidelines regarding credit scores and qualifying for mortgage loans. What do these new regulations means for you?
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What is the Prime Rate and How Does It Impact Home Equity and Credit Card Rates?
When looking for a home equity line, an auto loan, or a credit card, you may often run into the Prime Rate. Often, it is used as the benchmark to set these other product rates. What is the Prime Rate exactly and how is it set? The Prime... Read →
Small Banks are Lending
Smaller banks and credit unions by in large are lending and making loans at a much faster rate than thier national rivals. Here are some tips and facts about how to go about getting that loan.
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Shrinking Home Loans in New Plans from Federal Government
The Obama administration is always trying to think of new plans to help the mortgage industry. Will shrinking the home loans be an effective measure to take?
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Don't Fall for These Home Equity Loan Scams
Home equity scams are abundant in the mortgage industry. Here are a few that you should watch out for.
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Applications for Home Loans Continue Dropping
Subprime mortgages, the housing bubble and rising interest rates have plagued the industry. Now the number of loan applications is going down, too. How much more can the housing industry endure?
Read →Here is another look at the B word, bankruptcy, and how your lender treats it. If you have gone through a BK recently or are considering it, you may want to take a look at this.
Read →Over the last twenty years, financial companies have marketed second mortgages as home equity loans and lines and made it acceptable to borrow against your house. Consumers eagerly gobbled them up.
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