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Is Unused Home Equity a "Missed Fortune"?
18 July 2005 "I don?t understand why a Wharton professor would not recognize that unused home equity is a missed opportunity? Isn?t home equity safer in a conservative side fund than buried in the house earning a 0 percent return?" The New and Old Wisdoms of ... more... Can I Live Off My House? November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... |
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why invest related definitions |
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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about why invest 10 Essential Tips for Starting Entrepreneurs - Ignore these at Your Peril! Is Money Really The Root of All Evil? Earth Day: Grow Your Money Beat the Crowd When Investing in Real Estate How To Get Ahead On A Low Income To People Who Want To Make Money At Home, Make Money Online -- But Can't Get Started ... 1031 Exchange Tax Deferred Benefits Are Hard to Ignore Spanish Mortgages = Property Prices May be Downbut its Not All Bad News! Home Loans -- The Hot New Product? The 30-year, Fixed-rate Mortgage Home Loans Lenders Continue to Offer High-Risk Loans
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