Home Equity Loan - Is It For You?Written by Keith Thompson
Continued from page 1
advantage of one of 100-125% offers you see so often these days. Just be aware that it is never a good idea to use all your appraised equity unless absolutely necessary. Also, try and go with home equity loan that costs least. If you're going to tack on several thousand dollars in fees, then it could really not be worth it. People sometimes get blinded by prospect of easy cash, and pay these fees without thinking. Shop around. A home equity loan is part of an extremely competitive market, and if your credit is okay, or sometimes even not so okay, a direct lender can offer a home equity loan with few if any costs. Typically, mortgage brokers are unable to do this.A home equity loan can be your ticket to not only changing non-deductible debt to deductible, but an easy source of available cash to help start a business, finance a vacation, remodel or more. Check out a home equity loan today!
Keith Thompson is a real estate investor and webmaster of Mortgage Loans Today where you can find the latest news and resources on a Home Equity Loan
| | Self Certification is the answer if you can't prove your incomeWritten by Mark Harrison
Continued from page 1
In most cases a lender will take a view as there is obviously a case that income is being earned, problem is proving it. You will also find that self certification is much quicker as there is no need for an employers or accountants reference. Even better, rates being charged by mortgage lenders do not even differ to those being charged to individuals who can prove their income. So question is' what are you waiting for?
Mark Harrison is the Managing Director of Capital Mortgage Solutions, a mortgage specialist. He has worked in Financial Services for over 15 years and also lectures on the subject.
|
