The Home Equity Loan Zone

Mortgage delinquencies and foreclosures are increasing all across the country, especially in the highly volatile California housing market. Low income families that took out higher interest mortgage loans specifically designed for subprime borrowers are at the greatest risk.
As the mortgage industry became more competitive over the last ten years of rising home prices and […]

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 […]