The Home Equity Loan Zone

Many lenders aggressively advertise using home equity loans (HEL) and home equity lines of credit (HELOC) to consolidate unsecured debt. Using the equity in your home this way is basically a good idea.
But be aware that foreclosures are on the upswing. They’ve more than doubled in California over the past year. And since both options […]

Refinancing with bad credit is definitely possible and may be a solution to some of your money problems. But there are risks, so don’t just jump into a refi without doing your due diligence.
Refinancing can lower your monthly mortgage payment, put extra cash in your pocket or raise money for your kid’s college tuition. […]

There are three basic things to consideration when getting a second mortgage - 1) the lender, 2) the pricing and terms and 3) the down payment.
As far as lenders are concerned, you can go to a savings and loan, a commercial bank, a mortgage company or a credit union. Each one will have unique interest […]