Posts with tag HELOC

Home Equity Lending's Uptick: Why It's Good News for Homeowners and the Economy

By Jeff Brown Terrific news! Home equity lending is increasing! OK, maybe it's not a world-changing event. But an uptick in home equity loans is more evidence that the housing market is strengthening. And it gives another loan option to homeowners who still do have equity despite the plunge in home prices after the... Continue Reading »

Financing Home Improvements

When it comes to financing home improvements, there are a lot of ways to pay for every project. From replacing an appliance to adding a room or two, you can cover project costs through great retailer deals and financing options that make the most of currently low interest rates. So, what's the first step toward financing... Continue Reading »

Home Equity Loans: More Americans Are Making Payments on Time

Times are tough, but Americans are apparently rising to the challenge -- by becoming more frugal. The American Bankers Association reports that borrowers are missing fewer payments on their home equity loans, home equity lines of credit and credit cards. The rate of delinquency payments declined for the third straight... Continue Reading »

Home Equity Line of Credit: Harder to Get, but Worth the Effort SPONSORSHIP

The wrong way to use your home equity line of credit: purchasing $1,300 worth of ties, as the current court case of former Illinois governor Rod Blagojevich and his wife, Patti, recently revealed. According to court documents, the governor and his wife were using credit cards and home equity to finance a lifestyle they... Continue Reading »

The HELOC Bust: Next Problem for Big Banks?

Say it ain't so. If a prediction from a leading research firm turns out to be accurate, three of the country's biggest banks are poised for colossal losses of up to $30 billion -- this time because of their exposure to home-equity loans. The research firm, CreditSights Inc., says that Bank of America, Wells Fargo and... Continue Reading »

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