|Real Estate Information|
Your Home Equity Can Work for You
"Use your home's equity to pay off your debt. It's easy and simple, no closing costs!" Every time I turn on the television, commercials bombard me telling me to take out a home equity line of credit. People are using their dream homes to pay for even bigger dreams, like a "debt free" lifestyle and college educations for their children. Despite the ease in securing these seemingly beneficial lines of credit, many CPA's and financial planners are cautioning homeowners to gain a full understanding of how these lending options work before they turn their homes into a source of money.
There are two options in using your equity to secure funding: a home equity loan or a home equity line of credit. Most lenders will let a homeowner borrow up to 80% of existing equity based on the amount owed on the first mortgage and the appreciated value of the home. Unlike other forms of nondeductible consumer debt, loans less than $100,000 or less that use a home as collateral may have a tax deduction available for interest paid.
A home equity loan is most usually used for large purchases, such as financing a major home improvement project, starting a business, purchasing a luxury item or consolidating high-interest credit card debt. There are advantages to securing lending for these purposes, but these types of loans are better suited to those who don't foresee future borrowing needs.
Home equity loans are basically second mortgages, which provide you with money that is repayable over a fixed term from five to 15 years. These loans can feature locked-in rates and monthly payments that remain the same.
Home equity lines of credit are ideal for use as emergency money. They can be used for irregular or unanticipated expenses like medical deductibles and automobile repairs. These lines are often used by higher income families who don't qualify for college financial aid to pay for their children's college educations. When faced with using a home equity line of credit or savings to pay off credit card debt, it is advised to use the savings to pay of the debt and the line of credit for future emergencies.
With home equity lines of credit, you are approved for a certain amount of money, a credit limit. You can borrow any amount of money during the life of your line of credit up to your credit limit. You may be given a check or a debit card that can be used at almost all retailers. Home equity lines of credit are usually variable-rate loans.
Using the equity in your home is not a flip decision. Think about it seriously. If you are doing this to consolidate high-interest rate credit cards, it will only work if you do not accumulate any new debt. If you keep using the cards, you are only digging a further pit of debt.
Your credit card company cannot foreclose on your home, but your home equity loan lender can. You are placing your home at risk with every mortgage placed on it. It is necessary that you shop for the best rates and terms available. Talk to different lenders and be aware of introductory rates. Read all paperwork carefully before you sign it.
Using your home equity can benefit you in many ways, but always display caution. It is still debt
Martin Lukac, California mortgage Lender(http://www.martinlukac.com), provides mortgage financing for purchase,refinance,bad credit and more. Request a free quote or ask a question.
Massachusetts real estate transactions for Hampshire and Franklin counties, March 29, 2020 - MassLive.com
Massachusetts real estate transactions for Hampshire and Franklin counties, March 29, 2020 MassLive.com
Erie County Real Estate Transactions Buffalo News
'Listing Impossible' star Aaron Kirman says coronavirus could devastate the real estate market - CNBC
Real estate, commercial deals March 29, 2020 Longmont Times-Call
Routt County real estate sales total $9.6M for March 20 to 26, 2020 Steamboat Pilot & Today
Inslee issues additional guidance on funerals and real estate transactions, letter to tribal governments - Access Washington
Inslee issues additional guidance on funerals and real estate transactions, letter to tribal governments Access Washington
Open for business: Real estate protocol in a pandemic The Grand Junction Daily Sentinel
Coronavirus · Politics & Real Estate New York City Andrew Cuomo's Big Moment Commercial Observer
Real estate transfers | News, Sports, Jobs The Steubenville Herald-Star
Real estate deemed essential business Santa Clarita Valley Signal
Managing construction in an occupied building Colorado Real Estate Journal
Pandemic changing how Augusta-area real estate agents show homes The Augusta Chronicle
Real estate transactions for Sunday, March 29, 2020 | Business Quad-Cities Online
Residential real estate expert encouraged, says 'options out there' The Dallas Morning News
In coronavirus era, real estate curbside closings become common Crain's Chicago Business
Real estate agents test their creativity, homebuyers test their patience during coronavirus shutdown - syracuse.com
Real estate agents test their creativity, homebuyers test their patience during coronavirus shutdown syracuse.com
Real estate agents turn to technology to sell homes Channel3000.com - WISC-TV3
Real estate transfers: Reported March 29, 2010 Herald-Whig
Real Estate Guide: This Custom San Angelo Home was Built Around a Magnificent Pool - San Angelo LIVE!
COVID-19 affects real estate industry Muskogee Daily Phoenix
Real Estate Market Report Highlands Current
Worcester County real estate transfers, Sunday, March 29 Worcester Telegram
Top 10 Brooklyn Real Estate Listings: A Wood Frame in Greenpoint, an Italianate in Clinton Hill - Brownstoner
Top 10 Brooklyn Real Estate Listings: A Wood Frame in Greenpoint, an Italianate in Clinton Hill Brownstoner
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package The New York Times
Race is on to fill empty real estate along US 64/Stage Road corridor The Daily Memphian
Real estate market put 'in limbo' | News, Sports, Jobs Altoona Mirror
Covid-19 causing problems for real estate agents WFMYNews2.com
Understanding a Real Estate Income Statement Motley Fool
Hot Property newsletter: Navigating the real estate slopes Los Angeles Times
Shreveport-Bossier real estate: Virtual home shopping Shreveport Times
REAL ESTATE ONE -SOUTHGATE | Ads Southgate News Herald
REAL ESTATE: Is the Coronavirus Causing a House Crisis? Market Conditions Far From 2008 | - SpaceCoastDaily.com
REAL ESTATE: Is the Coronavirus Causing a House Crisis? Market Conditions Far From 2008 | SpaceCoastDaily.com
TerraCap buys Cherry Creek Plaza at $54.5 million Colorado Real Estate Journal
How Does Sirius Real Estate's (LON:SRE) P/E Compare To Its Industry, After The Share Price Drop? - Yahoo Finance
How Does Sirius Real Estate's (LON:SRE) P/E Compare To Its Industry, After The Share Price Drop? Yahoo Finance
Real Estate In The Time of Coronavirus Baristanet
Closing real estate transactions during a pandemic Lake County Record-Bee
South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown - The Real Deal
South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown The Real Deal
Solano Real Estate Scene: March Madness in jumbo Fairfield Daily Republic
Real-estate transactions: March 27, 2020 - Entertainment & Life Peoria Journal Star
Greenwich Real Estate Report: March 20-27, 2020 Greenwich Free Press
Real estate transactions for March 29, 2020 | Business Roanoke Times
COVID-19’s impact on local real estate: ‘You’re not really seeing as many open houses right now’ - 8News
COVID-19’s impact on local real estate: ‘You’re not really seeing as many open houses right now’ 8News
Real estate business implement new methods during COVID-19 Citizentribune
Coronavirus slows real estate moves, but doesn't stop them Chicago Tribune
Top of the List: Largest Central Ohio residential real estate deals of 2019 - Columbus Business First
Top of the List: Largest Central Ohio residential real estate deals of 2019 Columbus Business First
New area real estate industry personnel for March 29, 2020 Daily Local News
The ol' cabin still provides refuge | Real Estate Santa Fe New Mexican
Here's some good news from the Anchorage real estate market Anchorage Daily News
Coronavirus Market Reset Highlights NYC Real Estate Interdependence of Public and Private Partnerships - GlobeSt.com
Coronavirus Market Reset Highlights NYC Real Estate Interdependence of Public and Private Partnerships GlobeSt.com
Dodge County real estate transfers Fremont Tribune
What's in the Federal Relief Bill for Real Estate Firms Commercial Observer
As coronavirus impacts home showings, Atlanta real estate market takes hit, adjusts - Curbed Atlanta
Recent Commercial Real Estate Transactions The New York Times
Austin real estate market still 'hot' during coronavirus pandemic as agents make adjustments - KVUE.com
Austin real estate market still 'hot' during coronavirus pandemic as agents make adjustments KVUE.com
Harris County says real estate services are essential amid coronavirus stay home order - Houston Chronicle
Harris County says real estate services are essential amid coronavirus stay home order Houston Chronicle
Real Estate 2020: Is the market poised for an upswing? Connecticut Magazine
Wealthy real estate investors get tax cut in coronavirus stimulus - Business Insider - Business Insider
Wealthy real estate investors get tax cut in coronavirus stimulus - Business Insider Business Insider
Why Ariana Grande Isn't Publicizing Her Relationship With Real Estate Agent Dalton Gomez - Showbiz Cheat Sheet
Why Ariana Grande Isn't Publicizing Her Relationship With Real Estate Agent Dalton Gomez Showbiz Cheat Sheet
We Are Concerned About The Real Estate Market – Part II Yahoo Finance
How Coronavirus Has Affected Real Estate The New York Times
Commercial real estate and COVID-19 Finance and Commerce
Piedmont real estate takes a hit during coronavirus crisis WGHP FOX 8 Greensboro
In ‘The Banker,' remembering the Black real estate mogul who hired a white stand-in - The Boston Globe
In ‘The Banker,' remembering the Black real estate mogul who hired a white stand-in The Boston Globe
How To Best Negotiate A House Deal
Whether it's selling your home or buying a home, more often than not you'll come across a stage where you'd have to negotiate. Negotiation is the art of getting what you want at your terms and conditions.
How To Find Your Dream Home In Belize
Shopping for property in Belize is not as simple an undertaking as you might initially expect!Firstly, estate agents as we know them are non existent! Real estate brokers that do exist are likely to be unlicensed, unregulated and certainly not trained or insured.Secondly, the majority (and I mean the majority) of property for sale is not advertised!But with property prices remaining affordable, the quality of property available attractive, the climate beautiful, the people welcoming, the quality of life incredible and the opportunities in Belize plentiful, more and more people need to know HOW they can go about procuring themselves their dream home in Belize.
A Real Estate Primer
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started.
San Diego Real Estate
San Diego is home to millions of beautiful apartments, condominiums, and single-family homes. Depending on the type of living arrangement you're looking for, and how much space you'll need, you should look at the appropriate San Diego real estate listings that fit your preferences and budget.
At Home In Your Overseas Home
Homeownership, in any form, is a big step for most people. In fact, it's often one of the biggest financial decisions of our lives.
Chapter One FSBO the Russ Miles thriller/mystery novel
Chapter OneShe reached the phone on its second ring. "This is Tami!" She confidently answered.
Various Aspects Of The Lease Purchase Business
In a previous article, we wrote why we believe that Lease Purchasing is the perfect home-based business, here we want to briefly touch on some of the actual aspects of operating such a business, the pluses and minuses and why Lease Purchasing represents a win-win situation for the seller, the tenant/buyer and just as importantly, you, as the business owner. One of your goals in operating a Lease Purchase business is to contract for property that you then move to the tenant/buyer.
Back To The Future - Big Changes Are Coming, Get Ready Now
The comments below are quoted from a recent speech by Ben Bernanke, a member of the Federal Reserve Board of Governors..
Important Facts For Home Buyers
If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered before contacting a real estate agent.
Tidy Up The Outside, Reap The Rewards
There isn't a realtor in existence who wouldn't tell you that one of the most important terms that you can learn when you're trying to sell your house, is "curb appeal."So while you're sprucing up your home, it's wise to start outside, and work your way in.
Should You Sell Before the Housing Bubble Pops
For the past several years housing prices have risen dramatically. With interest rates continuously moving up, and more and more people being priced out of the market, all signs point to an imminent housing market correction.
Negotiating the Real Estate Contract
Negotiation is the process of communication back and forth in order to reach a joint agreement. There is no "one size fits all" strategy of negotiating a real estate contract.
Greed Can Cost You Your Shirt!
The proper action when things are going well is to pay off debt and consolidate your position. Then you will be financially strong and can go for further expansion without fear of loosing what gains you already have.
You Wanna Get High With Me?
Being a home inspector is great. It's fun, it's interesting, and I get to meet wonderful people.
How to Build a Real Estate Investing Power Team
As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not impossible.
Real Estate Investing with No Cash and No Credit
Lots of folks think it can't be done.How in the world can you buy a piece of real estate property without cash or credit? How is it possible to buy a $50,000 house or a $1 million dollar house if I don't have an abundance of cash or an excellent credit rating?Nothing stops a would-be investor cold in his tracks like "no cash or credit.
The Ultimate Short Sale Secret
Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt.
OPM - The Art of Leveraging
Equity lender, hard money lender, private investor or what ever term one uses can be a great source of funds to do real estate transactions and the question of how to find them comes up often!There are numerous ways to do this, and no two investors are exactly alike, so it's important to be innovative and customize your proposal to the specific "hot buttons" for each funding source.One of the greatest advantages of real estate investing is the power of leveraging other people's money.
Property in Northern Spain
If you're looking for the 'real' Spain where the culture, customs and the traditional Spanish lifestyle have been preserved - a Spain long ago lost and forgotten along the Costa del Sol - consider Northern Spain.Northern Spain has always been a popular holiday destination for southern Spanish tourists, but until relatively recently it was largely unexplored and undiscovered by foreign tourists and those expatriates seeking a new home overseas.
How to Make a Buyer Fall in Love with Your Home
If you are thinking of selling your home, there are a number of things you can do to improve the "showability" of your home. But first, let's look at your home through the eyes of the buyer.
|home | site map|
|© 2006 TIGER MEDIA|