Geithner says failure to raise debt ceiling ‘deeply irresponsible,’ would cost ‘millions’ of jobs

Geithner says failure to raise debt ceiling ‘deeply irresponsible,’ would cost ‘millions’ of jobs Read more stories from The Daily CallerBarbara Walters: ‘I’m feeling bad for Sarah Palin’Tom DeLay sentenced to three years in prisonPolitical cartoons exploit Arizona tragedy in effort to score crude political pointsBryce Tierney, a friend of Loughner, opens up about the [...]

New Fed rule would refund some mortgage fees

New Fed rule would refund some mortgage fees The Federal Reserve has proposed a rule that would give consumers the right to cancel mortgage applications within three days and get refunds of fees. Under the proposal, consumers could apply with two or more lenders, pay various fees, then cancel all but one application and get [...]

New rule would refund some mortgage fees

New rule would refund some mortgage fees The Fed may give consumers the right to cancel mortgage applications and get fee refunds. Read more on Bankrate.com via Yahoo! Finance

Would You Like To Pay For That With Cash, Credit Or A Home Equity Loan?

Everyone wants to know the answer to the same question. So how much can I get? How much you can borrow is directly related to your equity which is simply estimated by subtracting the outstanding balance you owe on the home from the current market value. Equity simply refers to the cash value that has [...]

If I purchase a home in all cash would I get a mortgage or home equity loan?

I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be considered a mortgage or a home equity loan? A mortgage currently is about 300 basis points lower [...]

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 [...]

Would it be wise to apply for a home equity line of credit on a veriable rate to payoff some cc debts ?

Would you lend all your home equity to a family member trying to buy a house?

My sister in law just filed bankruptcy and decided to let the bank take her home so she can start over. But now she and her husband found a house for 60k and is asking her brother (my husband) if she can borrow money from our equity that we have on our house which is [...]

What would be better, a home equity loan or refinance at lower rate to add on to my home?

I’m wanting to add on to my home but I’ve never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?

Why are HELOC rates so much lower than home equity loan rates? Why would anyone choose the latter?