Once you have purchased a home and are making monthly payments, you are in the process of building equity. The opportunity to use the equity you have built up in your home is one of the benefits of homeownership. Read this article to get more information on how to use equity to your advantage.
Home Buyers Guide
Who buys home for the first time will face many difficulties not only having to understand the process of buying a home but also having to know which type of loan suits them the most. Advice from well meaning loved ones can be helpful, but buying a home is a major financial commitment and you would be wise to educate yourself on the home buying process before taking the first step.
You should talk with a real estate agent since they can give you an expert advice when you …
Home Foreclosures and Big Profits? Just Another Myth
There are a number of people offering their “secrets” of how you can earn a fortune investing in foreclosed homes. It’s harder than you think.
Buying a home? Consider Hiring an Attorney
There are several good reasons why you should consider hiring an attorney to help you with the purchase of a home. The money you spend on legal assistance could save you thousands of dollars later.
The Right Time for Mortgage Refinancing
Mortgage refinancing can be the easiest way to improve a bad credit situation. Heres why.
Use A Mortgage Calculator To Guide Your Home Equity Loan Decision
The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. This interest rate is lower than you could expect to pay on a credit card, but it will be still higher than the original interest rate.
Use a home equity mortgage calculator to see what releasing different percentages of your equity makes to the payments required. The mortgage calculator the…
Avoid Financial Disaster with Good Planning
You never know when financial disaster – job loss, illness or natural catastrophe – will happen. But you can take a few simple steps to be prepared, just in case.
Option ARM – The World’s Most Dangerous Mortgage
With high prices and low interest rates, the lending industry has introduced a number of complicated loan types with adjustable interest rates. One of them, the option ARM, has the potential to financially crush the borrower.
Reverse Mortgages Evaluated With A Mortgage Calculator
If you are like most retired adults, you own a home but have very little else for retirement. However, if you sell your house, you won’t have a place to live! So here’s your problem: you need money to live on, but the only thing that you own of value is the place you live.
A reverse mortgage can give you the answer this retirement dilemma. This option sells your house a piece at a time, instead of all at once. Also, you get to live in your home. You can use a mortgage calc…
Mortgage Problems and the Myth of Foreclosure Help
As interest rates rise and consumers with adjustable rate mortgages find it harder and harder to make their monthly house payment, more and more people are responding to offers from companies offering “foreclosure help.” The result is usually bad news.
Mortgage Tips for First Time Buyers
Here are some things that anyone shopping for a home for the first time should know.
Home Refinancing is Done for Many Reasons
There are many reasons for refinancing a home loan. All of them are good ones.