Deciding which type of loan is right for you largely depends on your needs and spending habits. There is some confusion with regards to a second mortgage and home equity line of credits. While both types of loans let you borrow against the equity … [Read more...] about Second Mortgage or Home Equity Line of Credit: What is the Difference?
Home Equity Loan
For most people, the equity buildup in a home is the largest asset they have, so there is a huge incentive to increase their home equity to improve their finances. Home equity is your interest in a home, which can increase over time if the … [Read more...] about Home Equity: What It Is and How To Build It?
What mortgage options are available in addition to a reverse mortgage? Homeowners who are at least 62 years of age can convert home equity into cash through a reverse mortgage. This allows homeowners to use the equity from their home to obtain a … [Read more...] about Five Alternatives to a Reverse Mortgage
Graduation season is just around the corner, and if you are the parent of a senior, then you may already be worrying about the expense of college. If you have managed to build up equity in your home over the years, then it might make sense for you … [Read more...] about Paying For College: Refinance Your Home or Use Student Loans?