Maine Home Equity Line – Good or Bad?

What is a home equity loan? A home equity loan is a form of credit for which your home is pledged as collateral. Generally, home equity loans offer a fixed interest rate and a fixed monthly payment. A standard home equity loan (also called a second mortgage) is paid off over an extended period ofContinue reading “Maine Home Equity Line – Good or Bad?”

Borrowing Against Your Home has Its Benefits

Borrowing Against Your Home has Its Benefits With fuel, food and home prices fluctuating, families are finding that a home equity loan can provide much needed financial relief to unexpected debt and large family expenses. Because an individual’s home is, most likely, their largest asset, homeowners are using the equity in their home to fund a varietyContinue reading “Borrowing Against Your Home has Its Benefits”

Mortgage Terminology to Know Before Locking into a Loan

Mortgage Terminology to Know Before Locking into a Loan Whether you are a new home buyer or looking to refinance a loan that you are already locked into, consumers agree that mortgage and loan terminology can often be confusing and sometimes overwhelming. Along with having to shop for a lender, consumers also have to shopContinue reading “Mortgage Terminology to Know Before Locking into a Loan”

Decoding Your Credit Report

Decoding Your Credit Report Gain a better understanding of the factors that determine your eligibility for a loan. The importance of financial responsibility is oftentimes overlooked in a materialistic nation comprised of excessive credit card offers, stretched lines of credit and the weakening dollar. In order to boost financial responsibility and provide more accurate informationContinue reading “Decoding Your Credit Report”

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