Archive for July, 2010

Equity Loans Versus Cash Out Refinancing

Wednesday, July 21st, 2010

One of the best benefits of being a homeowner is getting the opportunity to get cash out.  Borrowers can choose from a home equity loan or a cash out refinance loan.  The home equity loan is a second mortgage and cash out refinancing is the process of reworking your first mortgage.  If a homeowner already has a [...]

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Home Equity Lender Announces Profitable Second Quarter

Saturday, July 17th, 2010

Record low home equity rates apparently have not gotten the attention of homeowners nationally.  According to Arthur Nourian, finance writer for the Home Equity News Source, “Home equity lenders have made it difficult for the average homeowner to qualify for an open end  home equity line of credit or a fixed rate second mortgage, because [...]

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Home Equity Loan Application Levels Decline

Saturday, July 17th, 2010

Typically in summer home equity loan application levels rise as homeowners like to get access to cash for financing home improvements and vacations.   In 2010 circumstances for these once popular second mortgage programs have changed.  Home equity loan guidelines have tightened so borrowers need more equity and higher credit scores to qualify.  According to Sean Dawson a [...]

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