Home Equity Loans

Refinancing your home can be a great way to get extra cash to...

Sat, 03 Sep 2011 19:36:53 -0400

Refinancing your home can be a great way to get extra cash to fund a renovation. Naomi talks to a number of experts to find out if refinancing is the best option for her family before undertaking the renovation. View Episode 1: Renovating your home View Episode 3: Building and using your equity

"Demand for business loans was generally soft, with activity driven by nonprofits and energy..."

Sat, 03 Sep 2011 19:36:53 -0400

“Demand for business loans was generally soft, with activity driven by nonprofits and energy companies. A few of our contacts noted a pick-up in construction-loan requests for multifamily dwellings. On the consumer side, indirect auto lending was strong, while draw-downs on home equity lines of credit tapered off. Other installment loan categories remain weak.”

- Crains Cleveland Business

"We continue to make progress toward our goal of selling mortgage servicing assets to a new entity,..."

Sat, 03 Sep 2011 19:36:51 -0400

“We continue to make progress toward our goal of selling mortgage servicing assets to a new entity, Home Loan Servicing Solutions, while retaining a servicing contract. This is a part of our strategic plan for Ocwen to become an ‘equity-light’ fee-for-service business.”

- Street Insider

"Lending institutions are more open to offering a loan when they see more cash on the table from..."

Sat, 03 Sep 2011 19:36:50 -0400

“Lending institutions are more open to offering a loan when they see more cash on the table from other sources like retirement funds, home equity loans and access to other assets of the borrower … Today, 70 percent of our clients use multiple forms of financing.”

- SouthCoastToday.com

Using a home purchase to illustrate assets, liabilities and...

Sat, 03 Sep 2011 19:36:50 -0400

Using a home purchase to illustrate assets, liabilities and owner’s equity.

"They need money for their business, but they end up with no equity in the only asset they have -..."

Sat, 03 Sep 2011 19:36:41 -0400

“They need money for their business, but they end up with no equity in the only asset they have - their home - and the only asset they can offer as collateral to get a loan”

- Palm Beach Post

"my credit doesn’t matter, the amount of equity in my home doesn’t matter, no appraisal..."

Sat, 03 Sep 2011 19:36:41 -0400

“my credit doesn’t matter, the amount of equity in my home doesn’t matter, no appraisal necessary, no income verification necessary—all that matters is that I have a VA home loan and no additional liens on the property, like a second mortgage.”

- AlterNet.org

"To lower the rating because the limit is NOT raised is like cutting the FICO score of a homeless..."

Sat, 03 Sep 2011 19:36:40 -0400

“To lower the rating because the limit is NOT raised is like cutting the FICO score of a homeless person because he is denied a home equity loan.”

- Clusterstock

"Home equity loans are popular ways to finance a vehicle. Interest rates are generally lower than..."

Sat, 03 Sep 2011 19:36:39 -0400

“Home equity loans are popular ways to finance a vehicle. Interest rates are generally lower than auto loan rates and in some cases, it may be tax deductible, the interest”

- FOX-KHON 2 Hawaii

"Demand for business loans was generally soft, with activity driven by nonprofits and energy..."

Sat, 03 Sep 2011 19:36:39 -0400

Long Island’s Gold Coast Bank Expediting Loan Process To Help Storm Victims

Sat, 03 Sep 2011 00:00:00 -0400

Long Island’s Gold Coast Bank Expediting Loan Process To Help Storm Victims:

Gold Coast Bank President Joseph Peri said they are speeding up the process so the emergency loans will be approved faster.

7 reasons why you should refinance

Fri, 02 Sep 2011 00:00:00 -0400

7 reasons why you should refinance:

A refinance can make sense for many reasons, from getting a lower rate to consolidating debt.

Homeowners: Beware these loan modification scams

Fri, 02 Sep 2011 00:00:00 -0400

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.

Many clear of mortgage

Fri, 02 Sep 2011 00:00:00 -0400

Many clear of mortgage:

More than one of every three homeowners in South Carolina has no mortgage or home loan.

Consult a pro before opening a HELOC

Thu, 01 Sep 2011 00:00:00 -0400

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.

Low mortgage rates driving home loan boom | Video

Wed, 31 Aug 2011 00:00:00 -0400

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.

Lighten the Burden of Student Loans

Wed, 31 Aug 2011 00:00:00 -0400

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

Consumer Loan Rates, Aug. 28

Sun, 28 Aug 2011 00:00:00 -0400

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.

Couple faces hurdles in getting a new primary home mortgage

Sun, 28 Aug 2011 00:00:00 -0400

Couple faces hurdles in getting a new primary home mortgage:

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.

On the House: Refis with cash-outs plummet

Sun, 28 Aug 2011 00:00:00 -0400

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.