Decision Time: Home Equity Loan or Home Equity Line of Credit?
by: Tim Paul.
Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002...
Home Equity Loan or a Home Equity Line of Credit?
by: Syd Johnson.
A home equity loan is good for items that require one large payment. This is why so many consumers use it for debt consolidation. The interest rates on home equity loans are low enough to be beat out the prevailing rates on almost every ...
Do you need a home equity loan or line of credit?
by: Jakob Jelling.
Determining which option is the best for you relies upon you knowing your current situation and having a clear plan for what you wish to accomplish with the money. A home equity loan is a lot like a mortgage. With a home equity loan you ...
Home Equity Loan vs Line of Credit
by: Namrita Chhibber.
Often, people are seen getting confused between a home equity loan and line of credit. Home equity being the financial value of a property against the loan taken, is divided into two types- standard home equity loan and line of credit loa...
Bad Credit Equity Line or Home Loan?
by: Mike Hamel.
When deciding whether to take out an equity line or a home loan, CNNMoney advises consumers to consider their goals, payment schedule, spending habits and risk tolerance.“A HELOC … gives you more repayment flexibility and lets you bo...
Home Equity Loan Line of Credit Vs. Other Conventional Loans
by: John Ross.
You may already be familiar with a traditional loan product. These are usually based on your credit rating and your ability to repay the loan. The lender will review your past tax returns, credit score, as well as your salary. They may a...
Home Equity Line Of Credit
by: Nela Odarijew.
You have tightened your belt during the time you are saving for your house. Now, that you have enough equity in that property, you may loosen up a bit by making use of your equity through Home Equity Line of Credit. Home Equity Line of C...
Is A Home Equity Credit Line Right for You?
by: Tony Forster.
As you probably know, most loans come with variable interest rates. Generally, home equity loan rates differ with each lender. Some come with attractive low introductory rates, and a few come with fixed rates. Also, you may find that mos...
Get a Home Equity Line of Credit
by: Jas.
Refinancing your home loan can allow you to make improvements to your home or consolidate debts. Some lenders offer loans up to 125% of your home's value even if you have less than perfect credit. Your current mortgage terms and interest ...
What Is A Home Equity Line Of Credit?
by: Eddie Lamb.
When seeking to understand what an equity line of credit is, it is important to first understand what home equity is.It is basically how much of your home you have actually owned. It is calculated by looking at the current market value of...
10 Things to Look for in a Home-Equity Line of Credit
by: Tim Paul.
If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash...
A quick look at home equity line of credit
by: Paton Jackson.
You can use this amount to reconstruct or renovate your home, to pay your medical bills, to finance a new purchased home, to consolidate your high interest debts or for higher education of any of your family members.Is a home equity line...
Home Equity Loans & A Line of Credit
by: Brian Ankner.
As of lately, obtaining cash from one's home has never been simpler for homeowners. With the low interest rates over the last few years, everyone that wanted to refinance has done so leaving the lending market semi- stagnant.At this poin...
Home Equity Line Of Credit Benefits
by: Carrie Reeder.
The options for tapping into your home equity are numerous. Some homeowners choose to refinance, while others take advantage of home equity loans. A home equity line of credit is a great option for homeowners who want access to their home...
5 Tips for Savvy Use of Your Home Equity Line of Credit
by: Tim Paul.
Tapping your home's equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common place. Many economists attribute the additional buying power afforded consumers through home equity debt as a prima...
