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'Home Equity Loan or HELOC' articles

Ask 8 key questions when shopping for a home equity line of credit

November 07th, 2011

Home equity lines of credit don't operate like fixed home equity loans do. That makes them more appropriate for some uses, and less appropriate for others. Understand these eight critical details when considering a HELOC....  Read More

Diminished income preventing you from lowering your mortgage payment?

January 19th, 2011
Diminished income preventing you from lowering your mortgage payment? Early in the recent recession many companies offered senior employees early retirement packages to avoid layoffs. Also during the past few years...  Read More

Reverse mortgage options: one from column A, one from column B

September 16th, 2010

According to the U.S. Census Bureau in 2008 approximately 23.8 million homes were owned free and clear, i.e. with no mortgage, constituting 32 percent of total U.S. residences. The overwhelming...  Read More

Can you qualify for a mortgage if you were recently unemployed?

August 04th, 2010

With the Labor Department citing 14.6 million unemployed in June there are many homeowners who have been without a job in the past year, or more. With mortgage rates low,...  Read More

Rates continue to slip lower on stalled economy

July 30th, 2010

With key economic data released this week no signs appear that mortgage rates will begin to climb in the near future. Mortgage rates drop and stay low when the economy...  Read More

Home prices rise in May

July 28th, 2010

Figures for home prices released on Tuesday show a slight increase in values for the month of May compared to April. Compared with 2009 values in the same time period...  Read More

5 Easy Mortgage Mistakes: How to Avoid Them

July 21st, 2010

You have probably heard at least one mortgage horror story from friends, family, or neighbors–or even lived one or two yourself. What you likely do not hear is how often...  Read More

Foreclosures Continue To Mount: Opportunity or Anxiety?

July 20th, 2010

Information in the Midyear 2010 U.S. Foreclosure Market Report released by RealtyTrac gives some mixed news on foreclosures across the country. New filings decreased from the prior period, but are...  Read More