A home equity loan is very attractive to home owners since it can help increase immediate cash on hand, provide a way to fund repairs or renovations of the home, and offer an extended line of credit. A fixed rate equity loan can reduce monthly payments, and an extended line of credit can help pay down high-interest credit cards or personal debt. Still, there are some dangers of home equity loans.
Comparing The Home Depot Credit Card
The Home Depot credit card, like all store branded credit cards, offers consumers some very enticing benefits. For example, the Home Depot card often advertises specials such as a 0% interest rate and no payments for 6 months. However, there are a number of factors to consider when applying for a credit card. Perhaps the most important factor is the interest rate. And the Home Depot credit card scores quite poorly here.
Bank Of Canada Announces A New Interest Rate Hike!
The Bank of Canada announces a new interest rate hike! The recent dollar gain of the Canadian dollar may not have been the worst thing for the Canadian economy or the best either. As the dollar hit a 30 year record high, closing just short of .94 cents USD, it has become bad news for home owners and also for the rapidly changing mortgage industry.
Average Spending Leaves No Cash For Pension Saving
Despite a slight fall in High Street spending, consumers are battling against increasing interest rates, inflation, house prices, utility bills which means that little or no funds are available to set aside for the future.
Real Estate: Inventory of Unsold Homes Growing Steadily Across the Nation
The nations inventory of unsold homes is growing steadily in many areas of the country even though buyer demand continues strong, according to the latest HouseHunt Inc., quarterly Current Real Estate Market Conditions survey.
Real Estate Home Prices to Cool in 2006 – Soft Landing Projected for Current Record Housing Boom
2006 Should be second best in history with 6.86 million existing home sales; U.S. market entering more sustainable transition period, economists say
Commercial Real Estate Hard, Hard, Hard Money Loans
Financing for commercial real estate is a completely different game when compared to residential mortgage loans. It moves much faster and is much more flexible.
Tracker Mortgages Still An Attractive Choice
First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year.
Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007.
However, Moneysupermaket argues that those currently looking for mortgages should not automatically discount the idea of a …
Types of Mortgage Loans The Basics
In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but heres a primer on the basics.
Using Points To Cut Your Interest Rate
The general mantra in the real estate world is you want to avoid paying points when obtaining a mortgage. As with most assumptions, this is not always true.
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.
Repaying Your Mortgage Home Loans The Basics
With the raging hot real estate market of the last five years, mortgages have evolved wide spread options. The different home loans can be confusing, so lets look at the basic repayment options.