Home Equity Loans - 2nd Mortgage Find a Better Deal
Home equity loans come in two flavors. There are home equity loans and home equity lines of credit. Both types allow you to borrow against equity in your home and lock in appreciation in your home.Home equity loans are a loan made against your equity for a fixed dollar amount. The interest rate ... more...

Reverse Mortgage: A Dignified Way for Retirees to Supplement Income and Take Care of Expenses
For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs ... more...

Secured Loan Debt Consolidation
Secured loans make your creditors feel more secure about loaning you money. When someone takes out a secured loan, that simply means there is collateral to back up the money they borrowed. This could be a car, or more commonly, a house. There are pros and cons to getting a secured loan as opposed ... more...

Refinancing with a Home Equity Loan
If you have lived in your home for a reasonable amount of time, you may be considering refinancing.Refinancing can be done in a few different ways. One of the most popular recently has been the home equity loan.A home equity loan is a loan used to pay off your existing mortgage at a lower rate.Also ... more...

Home Equity Loan Types
There are at least two types of home equity loans.The first is a term or closed end loan and the second is basically a line of credit. Most people prefer to refer to them as a second mortgage because they are secured against your home much like your first home loan or mortgage. Typically these ... more...

Second Mortgage for Home Improvement
Now that you have been in your home for a few years and you have established some equity, you may be considering doing some home improvement with a second mortgage.Home improvement comes in many forms. Such as a new kitchen, bathroom, roof, siding, etc.You can acquire a home improvement loan or ... more...

Secured Home Equity Loans How Do They Work?
Home equity loans provide you with low rate credit based on the security of your homes value. Your home is your collateral, which reduces your loan risk with creditors. Home equity loans also come in a variety of terms, so you can pick what is best for your financial needs.Home Equity Loan ... 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...

Mortgage-Refinance Loan Can Put Cash in Your Pocket
Do you need cash? Here's a mortgage for you. If you are not in a good position to take an equity line of credit on your home, because you have not built enough equity or a poor credit situation is making bankers steer clear of you, altogether, there is another option -- the cashout refinance. This ... more...