Is Consolidating Loans Right For You?
Consolidating loans makes sense but only if you can pay a lower interest rate than what you're paying now. This is especially true if you are consolidating mortgage loans. Be aware of your total overall costs to avoid getting deeper in debt than when you started.Have you ever asked yourself why ... more...

Bankruptcy and Buying a Home Can You Still Get Approved?
Can you still get approved for a mortgage loan after a bankruptcy? The answer is yes. While a bankruptcy is a negative reflection of your credit worthiness, the key to re-establishing or improving credit history is obtaining new lines of credit after a bankruptcy. Thus, several lenders are willing ... more...

Reverse Mortgages Learn The Facts First!
Reverse Mortgages, Most Common Features:Many offer special appeal to older adults because the loan advances, which are not taxable, generally do not affect Social Security or Medicare benefits.Depending on the plan, reverse mortgages generally allow homeowners to retain title to their homes until ... more...

5 Things Pensioners Applying for a Loan Should Remember
Are you a pensioner applying for a loan? Here are 5 things you should rememberAs a pensioner, applying for loans and finance can be problematic. Some of the best deals in the market may be unavailable to you because you do not meet the ideal criteria that lenders look for. For example, because of ... more...

Refinancing After Bankruptcy Is Refinancing Your Home a Good Idea?
Refinancing your home after a bankruptcy is similar to purchasing a new home. A refinance creates a new mortgage to replace the existing mortgage. Thus, you are required to complete loan applications and pay closing costs and other fees. Some believe that obtaining credit following a bankruptcy is ... more...

Home Loans For People With Very Bad Credit - Improve Your Chances of Getting Approved
If you have bad credit and are looking for a home loan, there are a few things you can do to improve your chances of getting approved and to help you get a reasonable interest rate.Apply Online - The internet has a few companies that will take your application and submit it to hundreds of different ... more...

Home Equity Loan or Home Equity Line of Credit Which is right for you?
The most common type of home equity loan is the term loan. This loan is set for a fixed amount of time, anywhere from five to fifteen years. Such loans are typically granted for up to 80% of the value of the home, but some lenders will lend up to 125% of the homes value.Is this type of loan right ... more...

Top 5 Methods to Manage Your Home Equity
As your home appreciates in value, you gain equity. You can look at this equity, as a portion of the value of your home, which becomes an asset that is not burdened by debt. Therefore, this is a critical financial vehicle that cannot be ignored.Let me say it another way. For most of us, your ... more...

Debt Consolidation Loans
Wouldnt it be nice to make just one payment per month instead of several? Most of us not only have a mortgage payment. We have car payments, credit card payments, student loans, etc.If you have been living in your home for a reasonable amount of time and you have acquired enough equity, you might ... more...

Change in Texas Law May Make Reverse Mortgages More Popular
Texas was one of the last states to allow homeowners to take out home equity loans. Laws going back to the nineteenth century strictly prohibited home equity lending, as legislators feared that unscrupulous lenders would take advantage of homeowners for the purpose of seizing their homes through ... more...

What is a Home Equity Line of Credit?
A home equity credit line is a kind of loan which is secured against a property as collateral. It is a type of revolving loan which allows the borrower to loan funds at the time and in the amount the borrower chooses, up to a maximum credit limit for which the borrower has been qualified. The ... more...