If you have equity in your home, you may be able to borrow against it. The most common ways to do that are by taking out a home equity loan or a home equity line of credit, commonly referred to as a HELOC. There are important differences between the two, but the...
When foreclosure proceedings are initiated, the first thing that should be understood is that there is help available. It is not a moment to panic; it is a moment to take immediate action. Foreclosures happen every day, but they’re also prevented every day too. The...
If you owe less on your house than it’s worth, you have equity. That gives you some options if you’re ever strapped for cash because of unexpected medical bills or a prolonged period of unemployment. One of the most common ways to access the equity in your home is by...
As a homeowner, you may mistakenly believe you can borrow money automatically against the equity in your home. After all, it’s your own money … right? The fact is, that lenders can and do deny home equity loan applications all the time. They do it for a variety of...
Bankruptcy is never anyone’s first choice. Bankruptcy can affect your ability to get a good job or buy a new house. Bankruptcy will be on your credit report for up to 10 years. In addition to the stress it causes, there is a social stigma attached to it as well....
