Category Archives: Home Equity Loans
Banks Paying Homeowners to Avoid Foreclosures
Banks, anxious to move troubled mortgages off their books, have started offering cash incentives to homeowners to sell their properties for less than what they owe – typically called a “short sale.” In the past, banks have balked or dragged their feet at short sales. However, lately, they have decided that short sales are more […]
Home Equity Loans – The Double Edged Sword
Home equity loans can fix short term cash flow issues. If you need a large sum of money for things such as a child going off to college, a wedding, or home repairs, accessing the equity in your home might be an option, but buyer beware. Let’s examine why. Two initial problems immediately come to […]
