You've decided to purchase your first house - congratulations! You’ve hired a real estate agent and a few weeks later you find your dream home. Now you need to get the loan process started, so you research and choose a lender and before you know it you are in their office filling out papers and talking numbers.
This is the part where you will likely have numerous choices on which loan program works for you. Some programs have mortgage insurance, while others do not. Some programs require g... [More]
Unfortunately, debt has become a way of life in the United States, with American consumers owing an overwhelming total of $11.68 trillion as of April 2014. That debt comes from multiple sources, including credit cards, mortgages and student loans. If you’re struggling to manage your multiple debt payments, you may want to consider debt consolidation.
Why debt consolidation is important
Managing debt from several sources can get complicated quickly. With so many bills due at different times... [More]
If you have equity in your home, now could be the time to use it to your advantage in the form of a home equity loan or home equity line of credit. These loans tend to come with low interest rates and can provide several tax advantages—benefits that credit cards do not provide.
Whether you are looking to renovate or repair your home, consolidate debt or pay for another major expense, taking out a loan against your equity can prove to be a savvy financial decision.
Differences between a hom... [More]