Home Equity Loan

Cash-Out Mortgage Refinancing or Home Equity Line of Credit?

Are you considering cash-out mortgage refinancing to borrow against equity in your home? HELOC are back and could be a better option…here’s why.

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Home Equity Loans 101

Home equity loans are becoming a popular means of borrowing against the value of your home. There are actually two types of equity loans available called the “open end” and the “closed end” loans. An equity loan is one in which you take the equity in your home and use it for collateral so you […]

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Mortgage Refinancing vs. Second Mortgage Loan

If you are homeowner contemplating a second mortgage loan or mortgage refinancing and don’t know which is the better option, here are several tips to help you make an informed decision. Both options have advantages and disadvantages depending on your situation. Mortgage rates are at very low levels and there are still great mortgage deals […]

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