Posts with tag equity

Mortgage Jargon in Simple Terms

Obtaining a mortgage loan means dealing with a lot of paperwork, from the documents you have to submit to documents you have to read and sign. More often than not, you're dealing with terms and conditions on various mortgage types that may be so difficult to understand that you just want to pull out your hair. But not... Continue Reading »

Real Estate Terms and What They Mean

Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries to educate his clients about real estate terms and what they mean. "They are the ones signing these documents, and they should... Continue Reading »

Home Equity Loans Go Unpaid by the Billions

Billions of dollars in equity loans and lines of credit were written off in 2009 as noncollectable according to government data, but at least a trillion dollars is still at risk and at least 60 percent of that trillion, if not more, is sitting on the books of the top four banks: Bank of America, Wells Fargo, Chase and... Continue Reading »

Cash-In Refinancing on the Rise: What's in It for You?

Gone are the days when homeowners "cashed out" on the equity of their homes through refinancing, and used the money to pay off other bills, renovate a kitchen, or jet to Bora Bora. Stringent, post-housing-boom lending policies mean a gain in popularity for the complete opposite of the cash-out refi -- the cash-in... Continue Reading »

5 Perks of Renting: Why Renting Is Often the Better Choice

"Rental properties", "Houses for Rent" and "Apartments" are some of the most common online search words. Open the classifieds to any local paper, and you're bound to see multiple listings on apartments for rent and rental properties. Millions of Americans today choose to lease a rental property, either temporarily or for... Continue Reading »

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