Most people spend more time in their home than in any other place. This is where many of them unwind from a busy day at work, spend quality time with their family, and entertain guests, family and friends. In today’s tough economic times, people are searching different ways that they can pay down some extra […]
Tag Archives: Home Equity
Obtaining a home equity loan after your bankruptcy may be more difficult than you think. Lenders require both the lapse of time and good credit history after discharge from bankruptcy. Many lenders are hesitant about approving loans for people with a tarnished credit history. Some require at least 5 to 7 years. Many people feel […]
One of the things that drives me to distraction in the credit industry is when they use very different terms interchangeably. This happens a lot when it comes to the words “second mortgage” and “home equity loan”. As someone who has had both of these types of loans, I can tell you that they are […]
Because banks and loan companies have been heavily advertising the advantages of home equity loans and home equity lines of credit, more and more people are choosing to take out these types of loans. One of the main reasons that people take a home equity loan is to pay off their existing credit cards and […]