|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.
‘Commercial real estate is melting down fast’: Elon Musk just issued a dire warning over the future of US real estate — 3 'real' assets to protect your portfolio - Yahoo Finance
‘Commercial real estate is melting down fast’: Elon Musk just issued a dire warning over the future of US real estate — 3 'real' assets to protect your portfolio Yahoo Finance
Stay Alive Until 2025: How America's Property Barons Plan To Survive The Commercial Real Estate Crisis - Forbes
Stay Alive Until 2025: How America's Property Barons Plan To Survive The Commercial Real Estate Crisis Forbes
The Downfall of a Real Estate Empire - The Journal. - WSJ Podcasts The Wall Street Journal
Inside the real-life homes of 'Succession' — and how being on TV means millions for brokers - New York Post
Inside the real-life homes of 'Succession' — and how being on TV means millions for brokers New York Post
Real Estate Transfers: 5-31-23 - Sent-trib Sentinel-Tribune
Houston County real estate transfers May 22-25, 2023 Dothan Eagle
Real Estate Transactions: May 22 - 26, 2023 Martha's Vineyard Times
REIT Stocks Outperform Private Equity, Real Estate Historically Commercial Observer
Miami Real Estate Bankrate.com
Elon Musk Predicts Home Prices Will Crash Next, Tweeting Commercial Real Estate Is 'Melting Down Fast' - GOBankingRates
Elon Musk Predicts Home Prices Will Crash Next, Tweeting Commercial Real Estate Is 'Melting Down Fast' GOBankingRates
The Value of Hiring a Real Estate Professional Santa Barbara Independent
ATTOM Webinar Summary: Unlocking the Power of Property Data ... ATTOM Data Solutions
Real Estate Agent Sentenced to 20 Years in Prison for Conspiring to ... Department of Justice
China: Real estate crisis continues FXStreet
San Diego software startup snags $93M to help commercial real ... The San Diego Union-Tribune
Warren real estate agent who conspired to sexually exploit children receives 20-year prison term - The Macomb Daily
Warren real estate agent who conspired to sexually exploit children receives 20-year prison term The Macomb Daily
The Profit Potential of Auction Homes: A Comprehensive Guide for ... Robotics and Automation News
U.S. faces potential real estate crisis CGTN America
How real estate is raising its data game Hospitality Net
Nominations sought for Real Estate Hall of Fame Finance and Commerce
8 Tips to Take Your Real Estate Photography to the Next Level MUO - MakeUseOf
Dentons Building Real Estate Bench Strength With New Partner in ... Law.com International
Green Real Estate Project Qlindo Debuts on MEXC Finbold - Finance in Bold
The Top Real Estate Companies in New Jersey Real Estate
Columbia real estate developer wins preservation awards columbiabusinessreport.com
Study finds real estate overvaluation across Florida The Capitolist
Deciphering Commercial Real Estate Acronyms The Real Deal
Hamptons Real Estate Market Data - Week of 5/23/2023 Hamptons.com
12 Midweek Must Reads for Real Estate Investors (May 31, 2023) Wealth Management
'I can’t afford to live here' | Winter weather impacting spring real estate in Pollock Pines - ABC10.com KXTV
'I can’t afford to live here' | Winter weather impacting spring real estate in Pollock Pines ABC10.com KXTV
Victor Calanog Leaves Moody's for Real Estate Role at Manulife Commercial Observer
Why major commercial real estate firms are joining resources to recruit Black student-athletes - CNBC
Real Estate Transactions, May 31 edition Hopkinton Independent
Cross River Bank and Paymints.io Collaborate to Modernize Real Estate Transactions with Secure Payment Infrastructure - Yahoo Finance
Cross River Bank and Paymints.io Collaborate to Modernize Real Estate Transactions with Secure Payment Infrastructure Yahoo Finance
People and Property: Real Estate and Construction News From ... New Hampshire Business Review
Real Estate: Coronado Rents One of the Highest in the State ... Coronado Times Newspaper
Guerneville: See how much real estate prices have changed in the ... - The Santa Rosa Press Democrat
Guerneville: See how much real estate prices have changed in the ... The Santa Rosa Press Democrat
Balitecture Announces Acceptance of XRP Crypto Payments For ... The Crypto Basic
REAL ESTATE | Visible changes underway after Toucan Custard ... washingtoncountyinsider.com
Lafayette Consolidated Government files lawsuit against real estate property - KTVE - myarklamiss.com
Lafayette Consolidated Government files lawsuit against real estate property KTVE - myarklamiss.com
Texas won't limit real estate deals by those from China, other nations ... - Austin Business Journal
Texas won't limit real estate deals by those from China, other nations ... Austin Business Journal
What Is Escrow? Real Estate
HOT PROPERTIES: Sumter property part of $80M transaction columbiabusinessreport.com
Real Estate Transfers: May 31, 2023 The Owensboro Times
A real estate mogul just listed his Miami mansion for a cool $54 million. Take a look - Miami Herald
Real Estate 101: What to do when leads dry up Northwest Georgia News
Susquehanna Introduces Real Estate Major – Susquehanna ... Susquehanna University
Yarmouth home reflects ongoing high prices for Maine real estate Bangor Daily News
Why One Behavioral Health Real Estate Pioneer Recapitalized ... Behavioral Health Business
Real Estate Stocks on the Move Wednesday: AEI, DHC, RDFN, SBRA, DOUG, UOLGY, GPMT, HLDCY - InvestorsObserver
Real Estate Stocks on the Move Wednesday: AEI, DHC, RDFN, SBRA, DOUG, UOLGY, GPMT, HLDCY InvestorsObserver
Inside Lewis Hamilton’s Global Real Estate Portfolio Architectural Digest
Real Estate Upfronts Launch in Los Angeles, Giving a Private First Look at Upcoming Luxury Residences - Hollywood Reporter
Real Estate Upfronts Launch in Los Angeles, Giving a Private First Look at Upcoming Luxury Residences Hollywood Reporter
Husband and Wife Real Estate Developers Arrested for Loan Fraud ... Department of Justice
Would You Do Acupuncture to Win a Listing? This Real-Estate ... The Wall Street Journal
The $500 billion ‘Office real estate apocalypse’: Researchers find remote work’s effect even worse than expected - Fortune
The $500 billion ‘Office real estate apocalypse’: Researchers find remote work’s effect even worse than expected Fortune
FTC Suit Leads to $16.7 Million Judgment Against Principals and ... Federal Trade Commission News
REAL ESTATE | Owner of Pedal Moraine buys building, 1421 S ... washingtoncountyinsider.com
Billionaire Investor Says 'Sell Real Estate' Seeking Alpha
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|