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What to know about home-equity loans.(Friday Home Guide)(Real Estate Adviser)
Viewers of last week's Washington Times Home Guide Show on NewsChannel 8 heard the following discussion on home-equity loans, with questions answered by Mary Naccash-Sites, president of 1st Professional Mortgage; Henry Savage, president of PMC Mortgage; Home Guide editor Peter Vandevanter; and Bob
Publication: The Washington Times
Home-equity loans hit record levels
Taking advantage of rising property values, record numbers of homeowners are turning to home-equity loans as a source of easy cash. Overall, home-equity originations climbed 35 percent last year to a record $431.3 billion, according to SMR Research Corp., a market- research firm in Hackettstown,
Publication: Chicago Sun-Times
Home-equity loans popular way to pay other debts
WASHINGTON If you're one of the millions of American homeowners with an active credit line tied to the equity in your house, the odds are strong that you're not using the money to fix up your property, pay for college tuition or invest in a business venture. A new national study of home-equity
Publication: Chicago Sun-Times
Loan on home equity has its drawbacks
NEW YORK Prodded by a new set of tax rules, many Americans are making or contemplating changes in their borrowing habits. They know deductions for interest on ordinary consumer debt - credit cards, for example - are being eliminated by stages over the next few years. They also know deductions are
Publication: Chicago Sun-Times
"My husband and I have a lot of credit-card debt (about $8,000), and my husband thinks we should take out a home-equity loan to consolidate our debt and pay off our creditors. Our house is worth about $130,000, and we owe ab.(Friday Home Guide)(Second Opinion)
Each week, Second Opinion asks two real-estate professionals one of your questions. Read what they have to say, right here. HOME-EQUITY LINE IS PLUS NAME: Colleen Brawner TITLE: Senior loan officer, F&M Mortgage Corp. PHONE: 703/690-4114 I think there are several good reasons to take out a
Publication: The Washington Times
Equity loans tumble in area: Downturn could herald a decline in big-ticket consumer spending.
Byline: Jim Wasserman Jul. 18--After tapping their home values for $22 billion in consumer spending during the recent housing boom, Sacramento-area residents have slowed their use of home-equity borrowing at twice the rate of Californians as a whole, according to a new report. The use of
Publication: Sacramento Bee (Sacramento, CA)
