September 2011
15 posts
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“Demand for business loans was generally soft, with activity driven by nonprofits...”
– Crains Cleveland Business
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“We continue to make progress toward our goal of selling mortgage servicing...”
– Street Insider
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“Lending institutions are more open to offering a loan when they see more cash on...”
– SouthCoastToday.com
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“my credit doesn’t matter, the amount of equity in my home doesn’t...”
– AlterNet.org
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“They need money for their business, but they end up with no equity in the only...”
– Palm Beach Post
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“To lower the rating because the limit is NOT raised is like cutting the FICO...”
– Clusterstock
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“Demand for business loans was generally soft, with activity driven by nonprofits...”
– Crains Cleveland Business
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“Home equity loans are popular ways to finance a vehicle. Interest rates are...”
– FOX-KHON 2 Hawaii
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Long Island’s Gold Coast Bank Expediting Loan... →
Gold Coast Bank President Joseph Peri said they are speeding up the process so the emergency loans will be approved faster.
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Homeowners: Beware these loan modification scams →
The Better Business Bureau wants to alert consumers about loan modification scams and how too-good-to-be-true deals are more common in today’s fragile economy.
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7 reasons why you should refinance →
A refinance can make sense for many reasons, from getting a lower rate to consolidating debt.
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Many clear of mortgage →
More than one of every three homeowners in South Carolina has no mortgage or home loan.
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Consult a pro before opening a HELOC →
While blithely tapping into your home equity for cash may not be the wisest thing to do — as we’ve learned the hard way from the mortgage crisis — establishing a home equity line of credit, or HELOC, can be a good way to create access to quick money for medical or household emergencies.
August 2011
8 posts
3 tags
Lighten the Burden of Student Loans →
Americans have been paying down mortgage debt, home-equity loans, credit card debt and auto loans over the past several years. But student-loan borrowing is up significantly, reports the Federal
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Low mortgage rates driving home loan boom | Video →
Record low interest rates and bargain home costs are attracting buyers to take out loans Record low interest rates and bargain home prices are creating a mini-boom in Florida mortgages, a new national survey shows.
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Couple faces hurdles in getting a new primary home... →
QUESTION: We refinanced and took money out of our home in 2005 with a Texas home equity loan at 7.5%. Whenever I have asked about refinancing with any one of numerous mortgage companies, I have been told that any refinance would have to be a Texas home equity loan and the interest rate would be higher than the lower rates advertised for mortgages.
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On the House: Refis with cash-outs plummet →
Not surprisingly, the days of using our homes as ATMs with no withdrawal limit are over. Freddie Mac reports that, in the second quarter, net dollars of home equity converted into cash as part of refinancings of conventional, prime mortgages totaled about $7.5 billion. That was about the same as in the first quarter, but well below the peak of $83.7 billion converted in the second quarter of 2006.
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Consumer Loan Rates, Aug. 28 →
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.
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TexasLending.com to Discuss Float Down Option for... →
Listen to CEO of TexasLending.com, Kevin Miller, and his co-hosts, discuss their float down option for refinances, purchases, and home equity loans on his weekend radio show.Dallas, TX (PRWEB) August 26, 2011 Kevin Miller of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas reverse mortgages, will discuss TexasLending.com’s float down option...
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Reverse mortgages aren't for everyone →
You can scarcely turn on the TV without seeing ads for reverse mortgages. They’re touted as a great tool for cash-strapped seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren’t right for everyone, so it pays to do your homework.
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Consumer Loan Rates →
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.
March 2011
3 posts
2 tags
4 ways to cash out your house →
Seniors who are cash poor but house rich can tap into some of that wealth.
2 tags
Tax Tips: The Benefits of Refinancing (Tax Tips) →
If you refinanced your mortgage, make sure you get all your tax breaks.
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Recession-based Decisions Affect Tax Returns →
Many taxpayers continue to be affected by the U.S. recession, especially if they were strapped for funds in 2010 and needed to borrow from their 401(k).
February 2011
7 posts
6 tags
Federal Home Loan Bank of Atlanta Announces... →
ATLANTA — Federal Home Loan Bank of Atlanta today released unaudited financial highlights for the year ended Dec. 31, 2010. The Bank will announce 2010 audited financial results in its Form 10-K filing with the Securities and Exchange Commission, which is expected to be filed on or about March 25, 2011.
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Federal Home Loan Bank of Boston Announces Annual... →
The Federal Home Loan Bank of Boston announced its preliminary, unaudited annual and fourth quarter financial results for 2010. The Bank expects to file its annual report on Form 10-K, including complete, audited results for the year ending December 31, 2010, with the Securities and Exchange Commission next month.
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Refinancing without home equity →
Even with the cost of PMI factored in, it might still make sense to refinance your home.
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Mortgage payoff not in couple's best interest? →
Paying down mortgages that have favorable interest rates may not be the best use of your discretionary money.
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The curse of negative home equity →
Hundreds of thousands of South Floridians are underwater on their mortgages, which could have profound impact on the region’s economic recovery, or lack of.
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Borrowing against home's value can be a good move... →
A few years ago, when houses appeared to be bottomless wells of equity, borrowing some or all of their excess value required little or no thought of the consequences.
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Home loan builds in repair costs, backed by... →
Shea and Michelle Carlin recently had their eyes on a two-story home with an expansive balcony in Florida.
January 2011
17 posts
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“She applied for a home equity loan. And this resonates with me, this story. She...”
– Dane Carlson’s Business Opportunities
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“Our loan portfolios are weathering the difficult economic environment extremely...”
– Banker & Tradesman
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Consumer loan rates →
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.