Home Equity Loans and Rates: Can your Mortgage be your Savings Account?

Wednesday, March 28th, 2007

Tip! All government loans can be applied for online through the FAFSA website.
It is becoming increasingly popular to use a mortgage in lieu of a low-interest savings account. Is this a good idea?
The latest version is a home-equity line of credit that is used to buy a home. It is marketed as a way to […]

Home Equity Loans and Rates: Bad Credit Mortgage Refinance – Consolidate Debts and Improve Credit

Tuesday, March 27th, 2007

Tip! APR stands for the Annual Percentage Rate.
Homeowners with bad credit may not contemplate applying for a mortgage refinance. In many cases, they assume that their loan application will be denied due to low credit rating. On the contrary, many homeowners have successfully refinanced their mortgages despite poor credit. In fact, the refinance helped improve […]

Home Equity Loans and Rates: Home Improvement: Home Equity Line of Credit versus Mortgage Refinance

Monday, March 26th, 2007

Tip! Shop for the lowest annual percentage rate (APR) and closing costs. The APR is the yearly cost of a mortgage, including interest, mortgage insurance (if LTV is less than 80%), and origination fee (points), expressed as a percentage.
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Making home improvements, home remodeling, adding onto a home and debt consolidation are some of the most […]