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As more people put houses in hock - financial institutions want you to turn your home into a giant credit card. But there are pitfalls
Homeowners used to celebrate when they paid off a mortgage. These days, even before the original mortgage is retired, millions are using their residences ......(Continue Reading)Refinancing your mortgage may cost you; think seriously before you opt for a home equity loan
Home equity loans are not always a good deal. Some lenders offer great deals only to those who have flawless credit, while those with only minor blemishes ......(Continue Reading)Home-equity loan vs. line of credit
Often there is confusion about the (differences between a home-equity loan and line of credit. Payment on both instruments qualify for the housing allowance ......(Continue Reading)Easy money: a little thing like bad credit won't cost you a mortgage loan
Mortgages to people with imperfect credit have increased 40% between 1995 and 1997. These 'subprime' borrowers are attractive to mortgage companies because ......(Continue Reading)Stealing home - home equity loans
The lack of tough federal regulations on second mortgage companies and the large amount of paperwork involved in loans are causing thousands of home owners ......(Continue Reading) |
