Before taking leap to refinance, ask yourself these questions

Before taking leap to refinance, ask yourself these questions Home mortgage refinancing may sound like a good idea in theory, but it’s not always possible or desirable. Read more on News Chief

Habitat taking applications for homes

Habitat taking applications for homes The Family Services Committee at the San Gorgonio Pass Habitat for Humanity is set to begin accepting applications from families hoping to be selected to move into a rehabbed home in Banning. Read more on The Record Gazette

Which would be better for us, taking out a home equity loan or refinancing?

My husband and I want to take about $15,000 to pay off debt and renovate our home, which we just purchased last July. Our current interest rate is 7.25% and we owe about 65k on our home that appraised at 100k. The problem is that our credit is not great and not well established. Which [...]

My parents are taking out a home equity loan to lend me money to start a business, does anyone get taxed?

I’m looking to open a shop and my parents offered to lend me some money to help out. They are taking out a home equity loan to lend me about $35,000 to $55,000. I agreed to pay them back. Because they are taking out a loan do they have to pay any taxes? Do I [...]

How do you pull equity out of your home with taking a how equity loan out?

First of all how do you build equity in a home? How do you report the equity to your lender? And lastly how to you pull the equity that you’ve built up out of the home with out taking a home equity loan out? Thank you in advance for any help that you can give [...]