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Mortgage Refinancing Articles
Home Equity Loan
July 18, 2006
Refinancing with cash back can be an excellent way to borrow against your home’s equity. In today’s economy a second mortgage could be a better choice. Here are some of the advantages of taking out a second mortgage on your home. Borrow against Your Equity If your current mortgage already has a low interest rate [...]
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May 22, 2006
If you are looking for a practical method to eliminate your high interest debts such as credit cards and student loans, a home equity line could be the solution you are looking for. Debt consolidation using the equity in your home is a fast and easy way of eliminating high interest debt and saving money. [...]
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October 28, 2005
This could be the headline if President Bush gets his way regarding home mortgage interest next week. Housing prices stand to lose 15 to 20 percent of value if the President’s tax reform panel’s recommendations are passed into law. One industry expert estimated the average homeowner would lose from $25,000 to $30,000 in equity because [...]
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October 21, 2005
If you need to take out a loan, home equity lines are an easy source for credit. In the beginning a home equity line can provide lots of cash at fairly low rates and even give you tax deductions you can’t get with other loans. On the other hand, a home equity line of credit [...]
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October 3, 2005
One option to consider when refinancing your mortgage is to refinance for more than the remaining balance of your original mortgage; this is tapping into your home equity, or cashing out equity, so to speak. With low interest rates, you can do so without increasing your monthly mortgage payment. For example, at 6.4 percent, the [...]
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