Lesser Known Facts About Home Equity Loans

Refinancing your debt via a home equity loan shifts your debts loan to your home. The flip side to such a move is that your home is on the line. However, tax deductions on interest repayments make it an attractive proposition. Moreover, in such a case of loan consolidation, it makes financial sense to go for a fixed term equity loan.

Newer products such as adjustable rate mortgages, wherein borrowers do not have to restrict themselves to a fixed home equity loan or a home equity line of credit, are hitting the market. One can take a home equity loan wherein the loan remains fixed for the initial period (at the discretion of the borrower), and after the period elapses, converts itself into a line of credit. Borrowers of these kinds of loans are normally individuals who are concerned about rising interest rates and yet want to keep their financing costs at a reasonable minimum. The only downside to this hybrid structure is that interest is charged on the entire lump sum as opposed to a plain vanilla home equity line of credit.

One of the many reasons that home equity loan products have become such a rage in recent times is because of the low interest rates. However, all that glitters is not necessarily gold. Borrowers need to read the fine print carefully before burdening themselves with a home loan to pay off credit card bills. One, not only are they converting short-term debt into long-term debt, but two, most home equity loans are not for financing that expensive vacation, but meant for something more long-lasting.

Home Equity Loans - Rates, in depth articles and professional second mortgage advice. Find the lowest home equity loans rates and lenders.

---

5 Steps to Getting on Top of your Mortgage

Getting on top of your mortgage so you can pay... Read More

Home Mortgage Loan Pre-Approval Online ? Keys When Applying For A Mortgage Online

Applying online for a mortgage is very fast and easy.... Read More

Is the Inverse Mortgage a Scam? New Program Promises Mortgage Payoff inside of 5 Years

If a mortgage could be paid off in five years... Read More

Home Equity Loans 101

A secured home loan differs from an unsecured loan in... Read More

Mortgage Information for the First Time Homebuyer

Inflation in the United States is increasing rapidly and home... Read More

Mortgage Free In 15 Years!

Imagine paying your mortgage off in 15 years! Think of... Read More

What is a Commercial Mortgage?

A commercial mortgage is a loan that uses commercial property... Read More

Rates May Be Rising: Mortgage And Refinancing Preparation Made Simple For You

Buying a home is probably the single largest investment most... Read More

Thinking About Refinancing Your Loan?

Refinancing your home or property is a big decision that... Read More

How to Get Your Home Mortgage Loan

If you are thinking of purchasing a new home soon... Read More

Sound Financial Standing Entails Capital Raising Remortgage

Raising capital is integral for growth and expansion of an... Read More

Guide to Remortgages

Here is a useful guide to remortgages. What is a... Read More

Home Mortgage Lenders - How to Find A Good Mortgage Broker Online

Mortgage lenders have set up shop online, but they aren't... Read More

Mortgage Cycling May Be Your Best Bet For Equity Buildup and Investment Real Estate

Mortgage cycling is a system that relies on solid budgeting,... Read More

Option ARM Mortgage Loan - Is This Really for You?

What happened to the days of a 15 or 30... Read More

Reverse Mortgage Maximization

Have your home's appreciation grow twice as fast.For Seniors over... Read More

The Right Home Loan - Floating or Fixed Rate Loan

Choosing a home loan has never been tougher. Yes, with... Read More

Bad Credit Refinance Loans - Finding a Good Lender

Finding a good lender to help you with refinancing your... Read More

Home Equity Loans: A Useful Financial Tool

The investment need of an individual varies with time. Thus... Read More

Zero Down Mortgage Loans - Is 100% Financing a Good Idea and Can You Get Approved?

Are you wondering if you can get approved for a... Read More

What to Really Expect for Closing Costs

Closing on a property is a very challenging time for... Read More

Helpful Mortgage Advice

Mortgage advice overwhelming you? Many people get advice from everyone... Read More

Mortgage Info You Can Actually Understand!

This is a great time to Refinance Your Home or... Read More

Fixed Rate Mortgage vs. Adjustable Rate Mortgage

The most basic distinction between types of mortgages that are... Read More

Mortgage Brokers or Banks: Which is Right For You?

When you're looking for a home loan, you might work... Read More

Securing the Best International Mortgage for Your Home in Spain

Are you one of a growing number of people planning... Read More

Remortgage ? When Monthly Mortgage Payments are Touching New Heights

Current economic scene has hinted towards a fall in the... Read More

Mortgage Glossary of Terms

A brief list of some of the most common Mortgage... Read More

How To Save Money On Your Mortgage

Obtaining a home loan is arguably the most expensive transaction... Read More

How Good a Deal Is Your Banks Mortgage Insurance Plan?

When you go to the bank to get a mortgage,... Read More

Mortgage Refinancing Companies -- Choosing The Right One

Searching for a mortgage refinance company can be a daunting... Read More

First Time Buyer Home Loans - Things To Consider When Applying Online

As a first time home buyer, there are several things... Read More

Home Mortgage Refinancing ? What?s in Your Contract?

Are you one of the millions of Americans who will... Read More