Home Equity Loan Information - What Is A Home Equity Line Of Credit?Written by Carrie Reeder
Did you know that if you have a home that you’ve been paying on for years, you may have a lot of usable money right under your nose? What’s more, a home equity loan just may be perfect way to get your hands on that money!
Here’s how it works. Let’s imagine that your home mortgage is for $250,000, but after years of paying on that note, you only owe mortgage company $100,000. In this instance, you would have $150,000 in equity in your home. A home equity loan is a specific type of loan that will allow you to borrow against that equity.
Why would you want to do this? The number one reason that people take out home equity loans is as a means to consolidate their debt. Because a home equity loan is a secured loan, interest rates are considerably lower than that of credit credits or personal loans. And so if a person had $10,000 in credit card debt, they could reduce total amount of owed—as well as their monthly payments—by taking out a home equity loan and using cash to pay off their credit card debt.
Day Trading the SP Futures with Initial S/R and the NYSE TICKWritten by Mike Reed
The area of support or resistance that is hit FIRST in morning has special significance. In first hour of trading, market's reaction to initial support or resistance is a good "tell" for strength of next move.
For instance, if market moves up in first 20 minutes of trading, touches initial resistance zone, and then turns down, this implies that a good tradable downtrend move is likely to develop.
How strong that new trend becomes is market-dependent. As market falls, its reaction to each new support zone gives an indication of how weak or strong new downtrend is. If market falls to initial support and breaks down through it without a stall or a bounce, it will probably continue down to next level of support. But, if market loses downside momentum near initial support zone, downtrend may well be over.
When price comes into a resistance or support area, NYSE TICK is by far best indicator of what price may do from this point. What is "TICK"? The TICK is simply difference between number of stocks that last traded on an "up-tick" versus number of stocks that last traded on a "down-tick". When TICK reaches +1000, market has reached a short term overbought extreme and TICK reaches -1000, market has reached a short term oversold extreme.