The Home Equity Loan Zone

If you’re considering a second mortgage home equity loan, watch out for Mortgage fraud. Mortgage fraud is one of the fastest growing white collar crimes in the country, adding to over $1 billion a year in losses.
Aggressive lenders often persuade unsuspecting homeowners to participate in their fraud, putting them at risk for fines and/or […]

Home equity loan (HEL) ads are all over the place. It seems everyone is touting them as “the perfect way to consolidate debt.” And many people are responding. Between 1997 and 2004, according to Federal Reserve statistics, home equity loans and home equity lines of credit jumped from $416.2 billion to $826 billion. Actually, home […]

It’s time for Home Equity 101. But, don’t worry, it’s not a difficult subject, so you should be able to ace the course. However, what you do with what you learn can, in the long run, effect your life more than your entire grade point average.
Let’s begin with the basics. Your home is worth […]