The Home Equity Loan Zone

Sorry, but it’s almost impossible to get the lowest rate. Why? Because the odds are simply stacked against you.
Think about it! You play the home mortgage game once or twice in your lifetime. But loan officers and mortgage brokers - your opponents in this high stakes game – play it everyday. They know […]

Before you ever apply for a home equity loan, always clean up your credit report and increase your credit score first. Why? Lenders charge higher interest rates and extra points to people with poor credit. That’s just the way it is.
By increasing your credit score by just 10 points and presenting yourself as positive […]

Home equity loans (HELs) and home equity lines of credit (HELOCs) are aggressively advertised. Many lenders promote using these loans to consolidate unsecured debt. Basically, using the equity in your home this way is a good idea, but it’s not without problems of its own.
For example, foreclosures are on the upswing all across the country. […]