Mortgage & Refinancing Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity


If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?

Here are some suggestions of ways to put the equity to good use when you go to take out a home equity or cash out refinance loan.

1. Do a home improvement that will increase the equity in your home more than the cost of doing the improvement. As an example, I have heard rumors that adding a deck to a home, because of the amount it increases the homes resale value, can add up to 4 times the cost of actually installing the deck.

2. If you have a low interest rate on your home, invest your equity in a low risk investment that has a much higher return on your money.

3. Buy an existing business or start a new business with the equity capital in your home. If you can start a low risk business, take the opportunity to let your equity work for you.

4. Use the equity as a down payment on an investment property or a rental.

5. Use it to consolidate high interest debt and possibly save yourself hundreds of dollars a month to put toward something else.

6. Use it to finance your education and increase your earning power.

7. If you live in an area zoned for this, you could finish a basement or area of the house to rent out. You could create a separate living space or apartment on your property.

Just be careful to not do anything risky with the equity in your home. If you can get a low enough rate, it may be worth taking that money and investing it somewhere else.

If you would like to view our recommended home equity loan lenders or get more information on home equity loans click here: Recommended Home Equity and Second Mortgage Lenders

Carrie Reeder is the owner of ABC Loan Guide. ABC Loan Guide is an informational loan website with informative articles and it has recommended lenders to help you get the best mortgage service possible.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Marketplace.org

The home equity loan interest deduction is dead. What does it mean ...
Marketplace.org
Fewer people might take out home equity loans as a result.

and more »


CNBC

Mortgage refinance applications surge 9 percent as rates fall back
CNBC
Total mortgage applications rose 4.7 percent last week, driven by applications to refinance.

and more »


Bankrate.com

4 ways to get the best mortgage refinance rate
Bankrate.com
If you can shave at least one-half of 1 percentage point off your current mortgage rate, it can be worth your while to trade in your existing home loan for a new one. Here are some tips for getting the very best refinance rate. 1. Polish up your credit ...

and more »


Credit Union Times

West Is Best for Credit Union Growth
Credit Union Times
A tight labor market. Employers are having increasing difficulty finding workers, which will be a limiting factor for the economy. A sellers' housing market. The supply of homes in most markets are reaching historic lows and could tighten further as ...



Prospect Financial Group, Inc. Donates to Wells Fargo's Holiday ...
The Daily Telescope
San Diego, CA, December 29, 2017 -- Prospect Financial Group, Inc., a leader in the mortgage refinance industry, was happy to donate this holiday season to Wells Fargo's holiday Food Bank program.Wells Fargo is working with United Way Worldwide to help ...

and more »


TheStreet.com

Cruel Ways Big Banks Are Ripping Off Their Customers
TheStreet.com
Cruel Ways Big Banks Are Ripping Off Their Customers. Banks, especially bigger ones, often play the role of villain to frustrated customers. The thing is, those customers don't even know the half of it. ByBrian O'Connell. Jan 10, 2018 4:33 PM EST. Mike ...



KQED

Labor, Housing, Immigration, and Gun Laws to Take Effect Jan. 1
KQED
Fee to fund affordable housing: California homeowners will pay a new $75 fee on each document of a real estate transaction, such as a mortgage refinance or the redemption of a foreclosed home. The total fee is capped at $225 and does not include home ...



Fidelity 1st Funding Offers Refinance for a Relatively Low Interest ...
Digital Journal
Digital Journal is a digital media news network with thousands of Digital Journalists in 200 countries around the world. Join us!

and more »


Jim Flynn: Disclosure, rescission used to help protect consumers
Colorado Springs Gazette
When legislative bodies (usually in election years) act to protect consumers from the perils of the marketplace, two of the tools they regularly use are disclosure and rescission. The idea behind disclosure is that, given enough information, people are ...



HousingWire

Fannie Mae: Lenders expect lower profit margins in 2018
HousingWire
In fact, more lenders reported a decline in mortgage refinance demand over the previous three months, marking the fourth consecutive quarterly drop. “More lenders reported a pullback in refinance demand from the prior quarter than those who saw an ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA