home equity loan

What Happens When You Default On Home Equity Loans?

Learn what happens if you don’t pay your home equity loans on time and your options to avoid those consequences.
If the value of your home, or the amount you paid for it, is higher than your first mortgage or the principal, it means that you have equity in your home. You can tap into your […]

By |February 14th, 2018|Categories: Home Loans|Tags: |Comments Off on What Happens When You Default On Home Equity Loans?

What New Borrowers Need To Know About Home Equity Loans

Applying for home equity loans is one of the smartest ways to use your valuable assets.

If you have a home, and you already paid off a portion of that house, then the difference between the value of your home and the total debt you owe is your equity. It is your interest in the said […]

By |June 12th, 2017|Categories: News|Tags: , |Comments Off on What New Borrowers Need To Know About Home Equity Loans

Benefits of Second Mortgages

How do Second Mortgages Work?
Many people are familiar with the idea of a first mortgage on a property. The idea is fairly straight forward. You take out a loan which is secured by a particular property. It serves as collateral which reduces the risk for the creditor and makes it more likely that the property owner will get the loan. However, fewer people are familiar with the idea of a second mortgage. This is unfortunate because this type of financial agreement can offer some real benefits.

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By |July 21st, 2014|Categories: Home Loans|Tags: , , , |Comments Off on Benefits of Second Mortgages