Oct
31
2011

Tips for buying a second home

Minolta DSC

There are many investors who feel that the best performing asset in today’s world is a house as compared to bonds, stocks and other financial investments. Real estate has always been a safe haven for investors and due to the growing values and security of residential real estate many homeowners have opted to purchase a second home. There are a few things that you need to consider before you buy a second home. You need […]

Oct
21
2011

The No-Income Verification Home Equity Loan

mortgage costs

The no income verification home equity loans are very useful for those homeowners who need financial assistance but cannot avail of traditional loans since they do not have income documentation. These loans can prove to be helpful for those people who are self-employed or work on a commission basis and hence, cannot show any proof of a stable source of income. Since, the earnings based on percentage of sales or business entrepreneurs are never constant, […]

Oct
18
2011

Taxes And Your Home Equity Loan

Featured_taxes

For many householders, the house they own is not merely a shelter, but serves the purpose of a privately owned bank. If structured correctly, you can get a substantial tax deduction by the money you are allowed to draw on your home’s equity. Generally, most homeowners can deduct up to $100,000 on their ‘home equity line of credit’ or HELOC. However, there are some limits on deductibility. The benefits could also be negated by the […]

Oct
15
2011

Tax-Deductible Home Improvements

handyman-300x266

While when you purchased your home, it may have seemed perfect, but with time, most owners feel the need to make improvements. However, even though the list of ideas may be lengthy, there is usually a lack of funds to fulfill those home improvement ideas. But, these days, homeowners need no longer despair about the paucity of funds. The Internal Revenue Service (IRS) often assists homeowners to carry out their renovation plans for their homes. […]

Oct
12
2011

Simple Loan Payment Calculator

Mortgage-Loan-Calculator

It is easy to use a loan calculator that is used for comparing loans. It does not just run the numbers like most of calculators but provides an option to compare up to three loans side by side. These calculators are online tools that can help you calculate monthly installment that you need to make for repaying a loan as well. When you use a simple loan payment calculator it will be easy for you […]

Oct
9
2011

Seven Home Equity Loan Errors

Errors3

Are your kids dreaming of spending a summer afternoon lazing in the welcoming shade of the new verandah or are they pestering you for a swimming pool? Don’t get stressed out, as you can find solutions to all these requests through a home equity loan. Home equity loans are the most popular loans amongst the homeowners. But before you use your home equity, you must always remember that these are business dealings. Individuals generally commit […]

Oct
5
2011

Second Mortgage Home Equity Loan

Mortgage Calculator

Second mortgages or home equity loans are secured loans that are secondary to the first mortgage against the property. A major factor for an individual to be eligible for this loan is the sum of equity they own on their home. This works as a decisive factor in securing a home for the owners use. Equity is defined as the total value of a home excluding the loans owed on it or the amount of […]

Oct
2
2011

Protect yourself from home equity loan scams

Mortgage-rescue-fraud-strips-of-the-couples-home-equity

Whenever anyone is in need of additional finances, the easiest and simplest source that comes to mind is the home equity that is available. Many realize that the home is a source of money and it is easier to get these loans as compared to other types of loans. However, when considering all loans it is best to consider the different options available and make a studied decision rather than jumping at the first loan […]

Sep
28
2011

Dealing with Poor Credit on Home Equity Loans

Credit

Thinking of availing of a home equity loan and worried about your bad credit? Now you can relax and be assured that despite what you think, a poor financial credit history won’t disqualify you from achieving your goals and realizing your dreams to prosper financially. Some brokers specialize in poor credit home equity loans and work towards repairing your financial dreams and also bridge the massive fiscal gaps. These lenders see to it that your […]

Sep
20
2011

No Emergency Fund? Try a Home Equity Line Of Credit

Home-Equity-Line-of-Credit

In case you are not prepared or fall short of meeting your financial obligations, then the best and safest solution is to apply for a home equity line of credit to deal with such unanticipated emergencies. A home equity line of credit serves as a great emergency fund, which can be accessed directly whenever the need arises. The best benefit of home equity line of credit is that you do not need to make any […]

Pages:12345»