|
|
|
All Purpose Secured Loans
The concept of borrowing and lending has existed right from the
ancient times. There are some people who have excess money and
at the same time, there are others who lack money. People who
have excess money lend money to those who are in an...
Home Loans and Mortgages – Watch Out for Dangerous Subprime Loans
With the growing interest in real estate purchasing and speculation, more and more lenders are offering “nontraditional” types of mortgages. These include adjustable rate mortgages (ARM) of every shape and size, the more popular interest-only...
New Car Loans - How Much Can You Afford To Borrow?
Before you start car shopping, first figure out what you can
afford for a car payment. Look at your budget, research auto
loans, and investigate lenders. Once armed with this
information, you can choose a car that you can both enjoy...
Payday Loans, A Viable Option?
What are payday loans?
Payday loans are short-term loans that are extended between two pay days. A payday loan is normally provided for 14 days. The borrower, on acceptance of the loan conditions, provides a check favoring the lender as security...
Types Of Student Loans
Paying for college sometimes means using student loans. Student
loans are specifically designed to help students meet the costs
of a higher education. Most student loans offer good deals on
tax credits, payback and interest rates. However, before...
|
|
| |
|
|
|
|
|
|
Home Equity Loans
Most of us understand that when someone talks about equity they
are referring to something related to finances. That might be
the extent of their knowledge though and having a more than
passing interest in the business of equity is a good thing.
Equity is defined as the amount of something less any debt. For
instance the equity in your home is the value of your home minus
any mortgage you have on the home. If your home is worth
$200,000 and you have a mortgage owing of $50,000, than your
home's equity is $150,000.
Often home equity loans will be advertised. This is when a
lending company offers you the opportunity to take out a loan
based on the equity you've acquired in your property. Some of
the reasons that people consider a home equity loan are for
remodeling, vacations or to cover unforeseen debt.
If you decide to inquire about a home equity loan it's best to
contact a professional in your area who handles these types of
loans. It's always wise when borrowing money to get a few
different opinions, and in the case of a home equity loan it's
not any different.
Many home equity loans are offered at a smaller than usual
interest rate. The main reason for this is that when you take
out a home equity loan, your home is used as collateral. The
lender sees this as low risk. They want your business and they
know that there are many other competing companies who want the
same thing.
They will offer you a reduced interest rate to secure your home
equity loan. You'll be given a check for the amount of the loan
and the equity you have built in your home can now be used for
other things.
One reason
that many people take out a home equity loan is to
repay credit card debt. Credit cards generally charge a
significantly higher rate of interest than traditional lenders
do. For a family with several thousand dollars in credit card
debt this translates into high payments each month. A home
equity loan offers them the opportunity to combine that debt and
repay it using the proceeds of the loan.
The interest charged on the home equity loan is much less and
therefore they end up saving a large sum of money. They've done
that using the equity that they've already worked hard to
acquire, it's a win-win situation.
Sometimes unexpected things happen in life such as a job loss or
an illness and a home equity loan can be a lifesaver in these
cases as well. If one partner loses their job, the other may
need some financial assistance to keep the family budget
balanced. Using the equity in the home helps tremendously with
that and the low monthly payments don't break the budget.
The same holds true when one family member is ill. A home equity
loan can afford them the time off of work they need to recover.
It also can allow other family members the benefit of taking
time away from their jobs to care for an ailing loved one. Using
your home's equity in this way is really to the benefit of
everyone involved.
If you've worked hard to build equity in your home and you find
yourself in a financial pinch, consider using that equity to its
advantage. Talk to a loan professional about all the benefits of
a home equity loan.
About the author:
Equity Resources and
Information
|
|
|
|
|
| Cheap Loans | car, personal & secured homeowner loans ... |
| Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
| www.moneysupermarket.com |
|
| E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
| E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
| www.eloan.com |
|
| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
| Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
| loans.yahoo.com |
|
| FREE LOANS QUOTE - the customers champion. Finding you the right ... |
| COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
| www.moneyweb.co.uk |
|
| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
|
| FinAid | Student Loans |
| An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
| www.finaid.org |
|
| GovLoans.gov - Find the Right Loan for You |
| GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
| www.govloans.gov |
|
| Loan - Wikipedia, the free encyclopedia |
| Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
| en.wikipedia.org |
|
| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
|
| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
|
| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
|
| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
| www.salliemae.com |
|
| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
|
| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
| www.fool.co.uk |
|
| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
|
| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
|
| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
|
| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
|
| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
|
| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
|
|