February 1, 2012 Tags: HOME equity loans, RETAIL bakeries, SMALL business, WHOOPIE pies
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WHEN real estate was booming, many New Yorkers joined in the rush to turn their houses and apartments into ATMs, withdrawing cash through home-equity loans, or flipping them. Now, with property values under pressure and the rental market on fire, they are trying a new move to pull value out of their homes without selling: they are renting out their roomy apartments and stately town houses for high prices and moving into cheaper, more modest quarters. [ABSTRACT FROM AUTHOR]
Read MoreNovember 20, 2011 Tags: AUTOMATED teller machines, HOME equity loans, HOUSING -- Prices, REAL estate sales, REAL property, VALUATION
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The article presents answers to several questions related to personal finance including whether a home-equity loan or home-equity line of credit is better for paying for a home renovation, whether collective investments trusts are acceptable as assets in 401(K) plans, and whether a spousal share of one’s Social Security benefits can be shielded from an ex-spouse who has not been seen in 30 years.
Read MoreNovember 1, 2011 Tags: 401(K) plans, HOME equity loans, LINES of credit, QUESTIONS & answers, SOCIAL security beneficiaries
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WASHINGTON — The average rate on the 30-year fixed mortgage fell to 3.94 percent in the United States this week, the lowest rate on record, the mortgage agency Freddie Mac reported Thursday. Freddie Mac says the average rate on a 30-year fixed-rate mortgage dropped from 4.01 percent last week, the previous low. The average rate on a 15-year fixed-rate loan dipped to 3.26 percent, also a record. [ABSTRACT FROM AUTHOR]
Read MoreOctober 7, 2011 Tags: HOME equity loans, HOUSE selling, MORTGAGE rates
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Stocks retreated on Friday, sending the Standard & Poor’s 500-stock index lower for a third consecutive day, as concern about the European debt crisis intensified and Oracle dragged down technology shares. Technology companies in the S.& P. 500 fell 1.8 percent as a group. Oracle, the largest maker of database software, sank 4.1 percent after reporting lower hardware sales on Thursday. Micron Technology, a maker of computer-memory chips, tumbled 14 percent after reporting sales and profit that missed estimates. Bank of America and JPMorgan Chase slumped at least 1.5 percent, following losses in European lenders. [ABSTRACT FROM AUTHOR]
Read MoreJune 25, 2011 Tags: HOME equity loans, INTEREST rates, STANDARD & Poor's 500 Index, STOCK price indexes
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MORTGAGE underwriting is tight, and home sellers are anxious to unload properties into a stagnant market — it sounds as if it could be time to consider seller financing. But such transactions remain rare, according to market participants, largely because of eroding home equity. [ABSTRACT FROM AUTHOR]
Read MoreJune 5, 2011 Tags: DWELLINGS, HOME equity loans, HOUSING, MORTGAGES
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The article presents advice to U.S. taxpayers unable to pay the federal taxes they owe. People should file a tax return anyway and pay as much as possible, understanding that penalties and interest will accrue on the unpaid balance until it is retired. One option for homeowners is to use a home-equity line of credit to obtain tax funds.
Read MoreMay 1, 2011 Tags: HOME equity loans, TAX returns, TAXATION -- United States
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The article discusses home valuation sites like Eppraisal.com and Zillow.com, as well as offers tips to increase home value. Suggestions include completing minor home improvement projects, scoring the neighborhood well on sites like realtor.com and streetadvisor.com, and avoiding using home equity for a line of credit. The article cautions that home values are continuing to drop as of 2010 and that a strong increase in home value is three to five years away.
Read MoreMarch 1, 2011 Tags: DWELLINGS -- Maintenance & repair, HOME equity loans, HOME ownership, HOUSE selling, HOUSING -- Prices, REAL property -- Valuation
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FOR some people, an important first step in buying a house is getting a mortgage preapproval. When properly done, preapproval can speed up the purchase process by providing a rigorous assessment of the maximum amount a buyer can afford to borrow, based on a formal credit check and verification of income and assets. [ABSTRACT FROM AUTHOR]
Read MoreNovember 14, 2010 Tags: ASSET requirements, HOME equity loans, HOUSE buying, HOUSING -- Finance -- Law & legislation, MORTGAGES
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The article discusses stricter lending standards being observed by banks and what U.S. consumers must do to obtain a loan. Home buyers need a down payment of at least 5% and have a minimum credit score of 620 or more. People seeking a home equity loan can generally borrow no more than 80% of their property’s appraised value. Car loans and credit cards are also discussed. INSET: Should You Refinance?.
Read MoreNovember 1, 2010 Tags: BANKING industry -- United States, CONSUMER credit, HOME equity loans, MORTGAGES
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