The Home Equity Loan Zone

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 […]

Mortgage brokers don’t work for banks, nor do they lend money. They work as independent free-lance agents. They may have a working relationship with more than one commercial bank, savings and loan association, investment bank or private lending source.
Brokers work as go-betweens, bringing borrowers and lenders together for a fee. Their fee may be […]

Have you seen the ads? “Home equity loans are the perfect way to consolidate debt.” But the Federal Trade Commission warns, “Borrowers Beware!” And, the warning goes double if you’re a homeowner on a fixed income, a low income or have poor credit.
Why? The answer is simple. Home equity loans are very risky. You […]