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Home Equity

Home equity loans are an important aspect of owning a home. Whether you take one out or not, it is good to know what they are all about.

  • Costs Involved in a Home Equity Loan

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    Sometimes life makes taking out a loan necessary. You might need money for education, a house remodel, medical bills, or any number of other things that life throws at you. A home equity loan or line of credit can be a viable solution to these problems and, generally, can be much...

  • Loan or Line of Credit?

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    Not sure about the difference between home equity loans and lines of credit? Get more information on the two to decide which option is right for you.

  • Do I Save on Taxes with a Home Equity Loan?

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    Home equity loan interest is tax deductible. You may have heard this before in advertisements and, indeed, it is true, but there are several restrictions. Make sure you know these restrictions so that you know exactly what you're getting into with your home equity loan ....

  • Timing Your Second Mortgage

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    Taking out a second mortgage is not a decision you just jump into. A lot of careful planning and thought should go into it, as you are taking a pretty big risk: one that could damage your credit and put you in debt for a long time if you aren't prepared. Timing is as...

  • Over Equity Loans

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    An over equity loan is pretty much exactly what it sounds like: it is a home equity loan (or line of credit) that is for more than the equity you actually have in your home. How It Works An over equity loan is a combination of your equity and a percentage of your home's...

  • Home Equity FAQs

    Patrick Hanan  Posted by Patrick Hanan on June 15, 2010

    Home equity is a confusing and important topic when it comes to home buying. Find out more about the process with these answers to frequently asked questions.

  • Tips for Dealing with a Foreclosure

    Nicole La Capria  Posted by Nicole La Capria on January 17, 2014

    The thought of losing your house and falling into debt is terrifying for any homeowner. You may believe it will never happen to you, but in 2009, foreclosure notices reached a record high of 2.8 million. Fortunately, about two-thirds of notices don't result in foreclosures,...

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