Feb 24 2009

Home Equity Loan – Fixed Rate or Lump Sum Loan

Home equity loan is one type of loan where the homeowner uses whatever equity he has been able to build up in his home as collateral for a loan.  Obviously, therefore, this type of loan is secured.  However, it is not secured by the home per se but by the owner抯 home equity. Home Equity [...]

Feb 23 2009

6 Questions to Ask When Choosing a Home Equity Loan

So you need some money for unexpected expenses. The roof took on a leak, the deck rotted through and a new family addition tightened living space. You bought too much Christmas on credit now the bills are overwhelming. Junior got accepted to that Ivy League school. Tapping into your home equity can help ease your [...]