Money Management : What Are the Dangers of Borrowing Money?
July 7, 2011 by
Filed under home equity
The primary danger of borrowing money is that an individual may not have enough cash to cover their needs. Learn about credit card rates and the dangers of getting a bad credit score with help from a portfolio manager in this free video on money management and financial advice. Expert: Roger Groh Bio: Roger Groh [...]
Reverse mortgage is expensive form of borrowing
September 2, 2010 by
Filed under home equity
Reverse mortgage is expensive form of borrowing Q: I just checked on a reverse mortgage. I am 63, own my home and have no immediate family. My home is worth about $137,000. I have an outstanding home-equity loan for $10,500. The bank appraised my home at $125,000, because I have the outstanding equity loan. The [...]
Home Equity Loans – 3 Tips to Smarter Borrowing
May 30, 2010 by
Filed under home equity loan rates
There is no question that home equity loans have become the biggest tool for homeowners to get their hands on the cash they need. And used correctly, these loans are also a smart way to borrow needed funds for things like medical expenses, debt repayment and home improvements. With that said, here are 3 tips [...]