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Second Mortgage Versus 401K Loan
July 10, 2000 "I need $10,000 for a home improvement.  I can either take out a home equity loan or I can borrow from my 401K retirement fund.  Would the tax benefits on the home equity loan outweigh the advantage of ... more...

Mortgage Payment Problems: What If You Can't Pay?
April 21, 2003 "I lost my job and have been making my mortgage payment from savings.  At some point, I will run out of savings.  What should I do? Some variant of this letter is appearing in my mailbox with ... more...

information home addition loan house equity principal related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

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Building a Home Addition
Besides providing your home with more living space, a home addition can be a terrific investment. However, before embarking on such a project the homeowner should first consider several important items. These items include: home market values in the neighborhood, financing, size and scale of ... more...

Secured Loans Information
A secured loan is a personal loan which is generally offered to home owners. In a typical secured loan, the home is used as collateral against the loan, meaning that should you be unable to maintain the loan repayments, your home will be at risk.A secured loan is a loan made with an asset, often ... more...

Internet Basics: eCommerce is Like Playing House
Ever play house as a kid? You dont even have to be in a house to play it. You just say, The kitchens over there, and this is the laundry, and heres the garage, and so on. You make it all up in your mind, but none of its really there.You can add stuff whenever you want, and you can decide its the ... more...

Home Equity Loan Tax Deductions
Interest - is an amount you pay for the use of borrowed money.Several lenders are currenty offering amazing deals for 125% home equity loans. As highly advertized as these loans are they don't highly advertize that the interest payments on these loans are not neccessarily fully tax deductable.To ... more...

33 Reasons To Do A News Release
News releases are not the best way to get major media coverage, but they can be used to increase the frequency with which your company name appears in the press.Press releases will get you coverage in set features like business notes, and new personnel columns. They also provide a good way to let ... more...

Bankruptcy As An Option
If your financial worries are preventing you from sleeping at night, then you may have considered bankruptcy in hope of a little relief. Usually, consumers only turn to bankruptcy if there is no other hope for them to get out of debt. Many have been to credit counseling and even consolidated ... more...

Follow Up: It Makes A Difference
A while back the headlight switch on our minivan quit working, so early one Saturday morning we took it to the neighborhood repair shop that has been mailing postcards to us the past three years. They said it would take 90 minutes to check things out.Three hours later we call: still havent gotten ... more...

What Not to Tell Your Doctor?
For many years since medicine has been established as an ethical profession and gained widespread credence people have believed that they could and should tell their doctor everything even remotely pertinent to their health and that it was held in the strictest confidence. Furthermore, how can the ... more...

Save Money on Life Insurance
In some states and provinces, people are choosing to live without insurance because the cost of insurance on an ongoing basis is prohibitive, compared to the chance of dealing with high costs when there is a break-in or an accident.Here are some ways to save money on your life insurance: Buy the ... more...

Re-Mortgages Theres Help For Bad Credit Ratings On The Way
As any report on the subject will reveal, million of UK consumer are staggering through life under the weight of poor credit scores as a result of County Court Judgements being issued against them.Of even greater concern is the fact that many dont even realise theyre in a bad credit spiral until ... more...

Real Estate Investing: Short Sale Package 101
I have been asked many times during my travels to conventions about the all important short sale package. First, a short sale package is what the bank or lending institution asks for before taking a discount on the 1st, 2nd, or even 3rd mortgage. The package includes many things that are ... more...

SIPPs (Self Investment Pension Plans) Made Easy
What a difference A Day makes!6th April 2006 is A Day. Everything about pensions changes then: mostly for the better, and you need to plan for those changes now.1. You can get tax relief on all your income2. Your pension can buy buy-to-lets, holiday homes and villas abroad; and it can even take out ... more...

Purchasing Insurance
Insurance is an important part of any comprehensive financial plan. Insurance answers the question, "what if the unthinkable happens? But too many people avoid it because they see the expense but not the benefit or they simply don't want to think about their own death or the death of a loved one. ... more...

10 Steps to Creating Your Smalll Business Disaster Plan
I'm a recent Hurricane Rita evacuee and survived the evacuation and the ensuing hurricane. Running from a hurricane isn't something I've ever had to do before, nor is it something I'd ever like to do again. However, as a solo business owner, I'm quite thankful that I have a virtual business. The ... more...


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