Home Equity Loan

With the liquidity of lenders drying up because of the sub prime mess the number and frequency of ads for home loans and reverse mortgages is drying up too.

That may be the only good thing coming out of the mess.

Think of what that is doing to advertising revenues.

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Tags: [tags] home equity loan, equity loan, equity [/tags], home equity, home equity line of credit

I just looked at my last post on this blog and what do you know? I guess I am a prophet of sorts. Way back then I predicted big trouble for the mortgage industry because of the sub prime mess.

Actually there was very little skill involved in making that prediction. It was as plain as the nose on your face if you cared to look. I mean c’mon.

The economy was riding on the shirtails of the housing industry for years. The housing industry was jammin. Rates for mortgages were low, buiders couldn’t keep up, sales were thru the roof-it was a BOOM.

The housing industry was in large part fueled by these sub prime loans. Loans which truth be told should have never been made because the borrowers didn’t meet the traditional criteria. Lender had to bend the rules to get it done.

They did so at the behest of politicians and stockholders who got greedy. Everyone got greedy including the borrowers.

So now when the house of cards comes falling down-everyone is asking WHY? duh

To be sure this will be a hot subject for many years to come in economics classes.

LEARN THE POWER OF HOME EQUITY LOANS and get 4 FREE HOME EQUITY LOAN QUOTES
 

Get details on A FREE ADT HOME SECURITY SYSTEM 

Tags: equity loan, equity [/tags], [tags] home equity loan, home equity, home equity line of credit

On my travels yesterday, I heard on the radio that over one trillion dollars worth of ARM’s are due to readjust this year. With rates going up could this spell TROUBLE for the homeowners who have them? Foreclosures are already at an all time high. Hang on-it could be a tough ride.

One of the normal routes to escape foreclosure is to sell. That road is closing fast with home sales down nearly 17% compared to last year. Especially in the west home sales are  dragging-maybe that’s why I can’t sell my dumb place.

What do you think?

Tags: home equity line of credit, equity loan, [tags] home equity loan, home equity, equity [/tags]

The biggest investment in your life is your home. It is also one of the most challenging times of your life with so much stress and potential for trouble. Yet there are resources available that can make the job so much easier and enjoyable. You owe it to yourself to take advantage of all the help you can get.

Two of those resources are www.h-o-m-e-e-q-u-i-t-y-l-o-a-n.com and www.m-o-r-t-g-a-g-e-r-a-t-e.com. These two websites offer great free information that you may not find elsewhere.

Tags: [tags] home equity loan, equity loan, home equity, equity [/tags], home equity line of credit

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