What is home equity? When you take out a mortgage to buy a home, your home equity is the amount of your mortgage that you've already paid off. Your home equity is the "proportion" of your home that you own--up to the entire value of the home. If the market value of your home has increased, refinancing … [Read more...]
Debt Problems Have Many Warning Signs
June 15, 2008 By 1 Comment
Too much debt seems to be the one thing we all have in common. Everyone is asking how they accumulated so much debt and why they couldn’t see the problems before they came along. Perhaps the most important question we can ask ourselves is how to tell when we are headed for deep debt or other financial … [Read more...]
Consolidate Debt With A Second Mortgage
June 15, 2008 By Leave a Comment
Many of us are struggling with debt today that comes from several different sources. These different sources all have interest rates and associated fees that add to the overall debt load. If you feel trapped under a mountain of debt and you are a homeowner, then you have an advantage when you try … [Read more...]