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Home Equity Loan Info


A Glossary of Home Equity Loan Phrases

A Glossary of Home Equity Loan PhrasesHome Equity and Mortgage Glossary Adjustable-rate loans , also known as variable-rate loans, usually offer a lower initial interest rate than fixed-rate loans. The interest rate fluctuates over the life of the loan based on market conditions, but the loan agreement generally sets maximum and minimum rates. When interest rates rise,...

 

Sun Oct 13 2002
Views: 112


Home Equity Cancellation

Home Equity CancellationHome Equity Loans: The Three-Day Cancellation Rule If you�re considering applying for a personal loan and using your home to guarantee repayment, you should know that a federal credit law gives you three days to reconsider a signed credit agreement and cancel the deal without penalty. Your right to rescind or right to...

 

Sun Oct 13 2002
Views: 112


Home Equity Credit Lines

Home Equity Credit LinesHome Equity Credit Line The Info You Should Know When opening a home equity credit line, expect these expenses: an application fee, title search, appraisal, attorneys' fees, and points A discount rate is a low, introductory interest rate that usually lasts only six months. Find out what the rate will be at the end of that.

 

Sun Oct 13 2002
Views: 117


Home Equity Loan Comparison Shopping Worksheet

Home Equity Loan Comparison Shopping WorksheetHome Equity Shopping Worksheet Lender 1 Lender 2 Name of Lender Name of Contact Date of Contact Mortgage Amount Basic Information on the Loans Mortgage 1 Mortgage 2 Mortgage 1 Mortgage 2 Type of Loan: Fixed rate,...

 

Sun Oct 13 2002
Views: 117


Home Equity Loan Information

Home Equity Loan InformationHome Equity Loan Info Shopping around for a home loan will help you to get the best financing deal. A home equity loan�is a product, just like a car, so the price and terms may be negotiable. You'll want to compare all the costs involved in obtaining an equity loan. Shopping, comparing, and negotiating may save you thousands of dollars.

 

Sun Oct 13 2002
Views: 113


Home Equity Scams

Home Equity ScamsHow To Avoid Home Equity Scams You could lose your home and your money if you borrow from unscrupulous lenders who offer you a high-cost loan based on the equity you have in your home. Certain lenders target homeowners who are elderly or who have low incomes or credit problems�and then try to take advantage of them by using deceptive...

 

Sun Oct 13 2002
Views: 113


Home Equity Scams: Borrowers Beware!

Home Equity Scams: Borrowers Beware!Home Equity Scams: Borrowers Beware! Do you own your home? If so, it's likely to be your greatest single asset. Unfortunately, if you agree to a loan that's based on the equity you have in your home, you may be putting your most valuable asset at risk. Homeowners-particularly elderly, minority and those with low incomes or poor.

 

Sun Oct 13 2002
Views: 89


Shopping for a Home Equity Loan?

Shopping for a Home Equity Loan?Shopping for a Home Equity Loan? If you decide that the timing�s right for a home equity loan, ask your friends or family for recommendations of lenders. Then, comparison shop. Comparing loan plans will help you get a better deal. Contact several lenders, not just the ones that send you mail, call you, or knock on your door. Talk with...

 

Sun Oct 13 2002
Views: 106