Low Interest Rates Make 15-year Mortgage Terms Popular

Low Interest Rates Make 15-year Mortgage Terms Popular With interest rates at record lows, more homeowners are opting to refinance their mortgages 30 to 15-year loans. Experts say the move is not for everyone. Read more on WCVB Boston

The Terms of Home Equity

Home equity is the value that your home has due to the payments that you have made on your mortgage. A home equity loan will enable you to borrow money using the equity that your home has as the collateral. It can be confusing to deal with all these terms but the reality of the [...]

Does a 4.9% credit card loan beat a 9.2% home equity loan in terms of money savings and tax benefits?

I want to take out a $10,000 loan and I want to see if the credit card deal is better for overall savings. It’s a lower rate than the home equity loan, but will the higher APR of the Home Equity loan paired with the tax breaks be better than a lower credit card(i.e. non-deductible [...]

Money Management & Personal Finance : About Home Equity Loan Terms

The terms of a home equity loan will be dictated by the financial institution, but will almost certainly include requiring a high appraisal value, significant leftover equity and good credit. Make sure home equity loan terms feel comfortable withadvice from a registered financial consultant in this free video on home equity. Expert: Patrick Munro Contact: [...]