We’re paying price for easy home-equity loans

We’re paying price for easy home-equity loans Former football quarterback Dan Marino must have a heavy conscience these days. If you’re a sports fan, you remember his legendary prowess on the field, leading the Miami Dolphins. If you’re a homeowner, you may remember him better as the guy who pitched you on that “easy home-equity [...]

Should you get a home-equity loan with the bank that holds your mortgage?

We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high. We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter? Any [...]

Should I take out a home-equity line of credit to pay down my mortgage to eliminate PMI?

My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages.) I know we need twenty percent equity in order to eliminate PMI, but I don’t think we’re quite there. Is taking out a home-equity line of credit to pay down the mortage a good idea? I [...]

Home-equity loans harder than ever for homeowners to get

Home-equity loans harder than ever for homeowners to get Hocking the house for quick cash is a lot harder than it used to be, and it’s causing headaches for homeowners, banks and the economy. Read more on Arizona Daily Star