|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.
This building shows how complicated school real estate can be in D.C. The Washington Post
Erie County Real Estate Transactions Buffalo News
Firm joins global real estate community The Dallas Morning News
Real estate transactions NWAOnline
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties: Dec. 15, 2019 edition - MassLive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties: Dec. 15, 2019 edition MassLive.com
Martha's Vineyard News | Edgartown Officials Demystify Real Estate Rules - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | Edgartown Officials Demystify Real Estate Rules The Vineyard Gazette - Martha's Vineyard News
Real estate transactions for Dec. 15, 2019 | Business Roanoke Times
Public Record: Coshocton County Real Estate Transfers Coshocton Tribune
MaryAnne Gilmartin spins off from L&L Holding Co. to start new real estate firm - Crain's New York Business
MaryAnne Gilmartin spins off from L&L Holding Co. to start new real estate firm Crain's New York Business
Real estate records, 12/15/19 | Real Estate Records Lincoln Journal Star
Real estate transfers Mount Airy News
Dorothy A. Smith, 73, known as Dorothy Stahlnecker in real estate, pioneer for women in commercial real estate - Buffalo News
Dorothy A. Smith, 73, known as Dorothy Stahlnecker in real estate, pioneer for women in commercial real estate Buffalo News
Cutting-edge tech to drive new real estate center near 180th, West Dodge that hopes to create 250 jobs - Omaha World-Herald
Cutting-edge tech to drive new real estate center near 180th, West Dodge that hopes to create 250 jobs Omaha World-Herald
Real Estate Transactions for Sunday, December 15, 2019 | Transactions Charleston Post Courier
Letter | President runs country like real estate business Santa Cruz Sentinel
30+ Essential Real Estate Statistics - 2019 Edition SmallBizGenius
Market Overdrive | The importance of a real estate attorney WGN Radio - Chicago
Compass poaches top Houston real estate agents from John Daugherty Houston Chronicle
Bolte Real Estate moves into new office Sandusky Register
Real estate transfers: Dec. 2-6 Toledo Blade
REAL ESTATE MATTERS: Exclusive buyers agents and fiduciary duty Sarasota Herald-Tribune
Three Friends Combine To Launch Real Estate Firm, On Track To Reach $100M In Deals - Black Enterprise
Here is What Hedge Funds Think About Monmouth Real Estate Investment Corporation (MNR) - Yahoo Finance
Here is What Hedge Funds Think About Monmouth Real Estate Investment Corporation (MNR) Yahoo Finance
Real estate transactions for Sunday, Dec. 15, 2019 | Business Quad-Cities Online
Worcester County real estate transfers, Sunday, Dec. 15 Worcester Telegram
Boris Johnson's UK Election Win: Investment Surge Predicted For UK Real Estate As Brexit Drama Recedes (For Now) - Bisnow
Boris Johnson's UK Election Win: Investment Surge Predicted For UK Real Estate As Brexit Drama Recedes (For Now) Bisnow
Elite Sports Clubs properties sold to real estate investor BizTimes - Milwaukee Business News
LEMM REAL ESTATE & DEVELOPMENT - Ad from 2019-12-15 | Real Estate Helena Independent Record
Space invaders! Tech 'aliens' abduct office space Colorado Real Estate Journal
Meet the Real Estate Investor Who Owns 18 Properties at 26-Years-Old Black Enterprise
Top 10 Brooklyn Real Estate Listings: Magnificent Details in Bed Stuy, Cottage Charm in Ulster County - Brownstoner
Top 10 Brooklyn Real Estate Listings: Magnificent Details in Bed Stuy, Cottage Charm in Ulster County Brownstoner
Kacyn Cheney joins ERA Team VP Real Estate | News, Sports, Jobs Evening Observer
RE/Max's Jordan Cohen is (real estate) agent to sports stars Los Angeles Times
REAL ESTATE ONE -SOUTHGATE | Ads Southgate News Herald
La Crosse County real estate transfers for Sunday, Dec. 15 La Crosse Tomah Journal
This real estate investor just bought half of the Mondrian South Beach. It’s his first hotel. - Miami Herald
This real estate investor just bought half of the Mondrian South Beach. It’s his first hotel. Miami Herald
Moore Real Estate Fort Worth Fort Worth Star-Telegram
Sponsored: Real Estate Confidential: The Islander vs. Investor Struggle Martha's Vineyard Times
Recent Commercial Real Estate Transactions The New York Times
Hawaii real estate sales, Oct. 21-25 Honolulu Star-Advertiser
Boston real estate tax gets closer to becoming reality Boston Herald
Real estate transactions: Aztec Events renews large lease, sister company relocates to Houston - Chron
Real estate transactions: Aztec Events renews large lease, sister company relocates to Houston Chron
National Jewish Health's Real Estate Construction Dinner Dance Raises $2.4 Million at Mardi Gras Themed Hyatt Event - The Jewish Voice
National Jewish Health's Real Estate Construction Dinner Dance Raises $2.4 Million at Mardi Gras Themed Hyatt Event The Jewish Voice
What to Know About REIT Dividends | Real Estate Investments U.S. News & World Report
Former real estate agent pleads guilty to defrauding clients Forsyth County News Online
Competition in the real estate brokerage industry: A critical review Brookings Institution
41 Berkshire Hathaway HomeServices California Properties Agents Among Orange County's '2019 Real Estate All-Stars' - RisMedia.com
41 Berkshire Hathaway HomeServices California Properties Agents Among Orange County's '2019 Real Estate All-Stars' RisMedia.com
Real estate agents reveal the hottest markets for the next 10 years Business Insider
Denver Urban Renewal Authority welcomes real estate expert and former member of Gov. Owens' administration Bob Lee to board of commissioners - The Know
Denver Urban Renewal Authority welcomes real estate expert and former member of Gov. Owens' administration Bob Lee to board of commissioners The Know
Boulder County real estate market likely stay stagnant into 2020 The Denver Post
Real Estate – December 13 Greenfield Daily Reporter
Real Estate Transfers: Dec. 15, 2019 | Business messenger-inquirer
Solano Real Estate Scene: Solar technology keeps improving Fairfield Daily Republic
Columbia Names Bill Carpenter Director of Preconstruction and Estimating Boston Real Estate Times
Know In Which Real Estate Market to Invest U.S. News & World Report
12-14-19 - Real Estate Radio Hour.mp3 Talk Radio 1210 WPHT
How San Jose plans to spend funds raised by its proposed real estate property tax - San mateo county times
How San Jose plans to spend funds raised by its proposed real estate property tax San mateo county times
5 Ways To Earn Money In Real Estate Without A License Black Enterprise
‘It’s life-changing’: Real estate firm awards employees a total of $10 million in bonuses - Seattle Times
‘It’s life-changing’: Real estate firm awards employees a total of $10 million in bonuses Seattle Times
Who's News: Hires and promotions in residential Real Estate Weekly
Decreased inventory for buyers in local real estate market Kirkland Reporter
Hanover Township pays Homeowner's real estate taxes, insurance, association dues, and more – - Edgar County Watchdogs
Hanover Township pays Homeowner's real estate taxes, insurance, association dues, and more – Edgar County Watchdogs
Public Record: Muskingum County Real Estate Transfers Zanesville Times Recorder
Real Estate Briefs: Modera Buckhead, Holbrook Decatur, Ashton Woods and more home news - Atlanta Intown
Real Estate Briefs: Modera Buckhead, Holbrook Decatur, Ashton Woods and more home news Atlanta Intown
Homestead Exemption in Real Estate Motley Fool
Berkshire region real estate sales Nov. 24-30, 2019 | theberkshireedge.com
Real Estate Insider: Dino's, M-Brew restaurants in Ferndale for sale again for $3.45 million - Crain's Detroit Business
Real Estate Insider: Dino's, M-Brew restaurants in Ferndale for sale again for $3.45 million Crain's Detroit Business
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|