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....
Just a short time ago, the economic future looked bright. Unemployment was at an all-time low, the stock market was at an all-time high, and most Americans felt secure in their jobs. Then COVID-19 struck. Now the economy is in freefall. The stock market has tanked,...
Things do happen. An unexpected job loss, unable to pay your property taxes, or extending your credit cards and maxing them out can create havoc in the financial lives of even the most conscientious and conservative homeowners. When you’re already overextended, things...
One of the great advantages of owning your own home is the equity you build over time. The more equity you have in it, the more options you have if you ever become strapped financially. You can always sell the house, but that can take months depending on the market....
SKYDAN’s residential sale-leaseback program allows you to easily access your home equity without the approval restrictions, monthly payment plans, and associated interest obligations.
