Archive for the 'Home Equity Articles' Category

Let Solar Energy Make Your Home Equity Loan Payment

Friday, May 6th, 2011

One of the most popular purposes for taking out a home equity loan is to finance home repairs, construction and remodeling.  One of the best ways to raise your property’s value is to finance home improvements. Improve Curb Appeal Remodel Your Kitchen Install a Solar Energy System Homeowners have the luxury of taking out a [...]

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Consolidating Debt with a Home Equity Loan

Friday, March 11th, 2011

If high interest on various kinds of debts have you worried, now may be the time to look into consolidating debt with a second mortgage or a home equity loan—the two terms are identical in meaning, but a difference arises when you select a home equity line of credit.  A fixed rate second mortgage will [...]

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Compare Home Equity Loan Refinancing

Thursday, March 10th, 2011

Whether you are shopping around for a more flexible equity line or looking for options regarding home equity refinancing, you will likely find fixed rate second mortgage options to be more appealing, at least in these economic times.  Before you decide to combine your home equity loan and first mortgage together or refinance variable rate [...]

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Home Equity Loans for Consolidating Debt

Monday, January 17th, 2011

Many homeowners have used home equity loans to consolidate credit card debt and adjustable rate loans.  It makes financial sense to refinance compounding interest debt into a fixed simple interest equity loan.  The reality is that credit card carry variable interest rates and home equity loans are second mortgages that feature a fixed interest rate [...]

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Home Equity Loans for Consolidating Debt

Monday, October 4th, 2010

Even though home equity rates are not usually as low as rates on first mortgages, they are substantially better than taking out a credit card to consolidate debts. Paying off debt can be tricky, because if you choose the wrong financing vehicle it can actually make your debt compound and the balances end up rising [...]

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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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When Should I Refinance My Home Equity Line of Credit?

Friday, May 14th, 2010

Dear Smart Home Equity: We currently have home equity credit line with an interest rate prime plus 1.5 %. The equity line payment is small because it’s interest only, but I’m concerned that the rate will start rising and I might not qualify for an equity loan refinance, because I’m self-employed.  I may be doing [...]

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