Home Financing

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Home Financing

How to Refinance Your Home

Homeowners enticed by historically low interest rates are considering refinancing their homes. This may be an option for you as well, especially if you took out a mortgage several years ago and are paying an interest rate that is at least one point higher than your current rate.

Home Financing

What You Need to Know About a Home Equity Line of Credit

A home equity line of credit or HELOC is a popular borrowing option for homeowners, but is handled differently than a home equity loan or HEL. With a HEL, you receive your money up front.

Home Financing

Refinancing Considerations for Homeowners

With mortgage rates still flirting with historic lows, refinancing now can help you avoid higher rates later on when inflation inevitably becomes a factor. Interest rates have been held artificially low thanks to fed action, but few analysts believe that they’ll stay this low for years, perhaps for just months to come.

Home Financing

Will Mortgage Providers Ease Lending Standards?

The U.S. housing market is certainly not stellar, but it apparently has put its very worst years behind it. The S&P/Case-Shiller home index rose by 2.2 percent in May, with all 20 of the nation’s largest metropolitan areas posting average housing price gains over April.

Home Financing

Should You Buy Off Campus Housing?

Forget the costly home improvement project: you still have one or more children to put through college, an expense that will drain you of your available capital. A desired home renovation project can wait, with those plans perhaps shelved until after your youngest graduates from college.

Home Financing

A Second Mortgage and Your Home

A second mortgage is debt that along with your first mortgage must be paid back to satisfy the lien on your home.

Home Financing

Low Appraisals and Your Home’s Refi

Refinancing a home can yield tremendous savings for some homeowners, but getting it refinanced means having it appraised properly.

Home Financing

Is it Time for a Fresh Look at Adjustable Rate Mortgages?

Say “adjustable rate mortgage” to many consumers and you’ll hear a variety or responses, with not a few being quite negative. That’s because ARMs are associated with sub-prime lending, which was quite common and have been routinely blamed for our current mortgage crisis.

Home Financing

How to Obtain a Home Equity Line of Credit

A home equity line of credit (HELOC) is type of revolving credit. When choosing a HELOC, your home serves as collateral the moment funds are withdrawn from your credit line.

Home Financing

How to Get a Home Equity Loan

If you have owned your home for several years, you may have built up some equity. That equity can be tapped to pay for some major improvements or cover smaller projects such as new fixtures, a refreshed kitchen or new floors.

Home Financing

What’s In Your Credit Score?

If you’re considering undertaking a major home renovation project, you may also be planning to take out a loan to cover those costs.

Home Financing

When NOT to Refinance Your Home

The push to encourage homeowners to refinance is a strong one with lenders, bankers and other interested parties dangling low, fixed rates that are almost hard to believe.

Financing Home Financing

7 Steps to a Home Improvement Loan

Tweet Financial steps to securing a home loan. Is your home in need of a makeover? Will you bear these costs out of pocket or will you need to seek

Home Financing

Steps To Take When Doing a Home Renovation

Tweet Home owners are always looking to make some changes to their residences. You may want to add a sun room to the house, complete the basement, or renovate the

Home Financing

Home Renovation Refinancing Options

Tweet Home Renovation Refinancing Options Are you looking to renovate your home so that you can prepare for a new family member? Perhaps you are dreaming of a new home

Home Financing

An Overview of Loan Modification Program

Tweet It is often seen that borrowers are not able to cope with the terms and conditions of the existing loan. Considering the inability of the borrowers to repay the

Home Financing

5 Options to Avoiding Foreclosure

Tweet If you’re faced with foreclosure, you may still have some options available to help delay or avoid that fate. Your chances of keeping the home may still be good

Home Financing

Why Lease to Own May Get You Into a Home Faster

Tweet Buying a lease to own home takes time. From 2007 through 2011, home prices have dropped dramatically and are at levels not seen since the turn of the millennium.

Home Financing

No Closing Cost Refi? Yes, They’re Still Around

If you’re considering taking on a home improvement project, one way you can fund the work is to refinance your current mortgage.

Home Financing

4 Timely Tips for First Time Home Buyers

Tweet As the summer months progress, the housing market will continue to gyrate, with some markets seeing continued price erosion while others may begin to stabilize. Clearly, it is a