Posts tagged as:

Home Equity

Should you consolidate your debts into your mortgage?

If you find yourself in a situation where you have equity available in your house, and also have a bunch of other debts, such as credit cards or auto loans, you may consider refinancing and rolling the debts into the new mortgage. Most people will tell you not to do a consolidation loan, but, like [...]

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How important is cash in the bank?

One of the first things I ask people to consider when building their mortgage plan is how much liquid cash they have on hand and how much do they need. In fact, of all the considerations, liquid cash is probably most important. A lot of people learned the hard way that equity in the house [...]

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Why Start With The House?

 For most of my clients, their mortgage payment is usually the largest check they write each month.  I’ve found that when I assist someone with their mortgage, that if they look at their mortgage in the context of their overall financial picture, they make better mortgage decisions, and better financial decisions.   If the Mortgage is [...]

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Are Home Equity Lines Extinct?

Last year, over 1 million homeowners got letters from their Home Equity Line of credit (HELOC) lender telling them that, for a variety of reasons, the HELOC was now ‘Frozen’ and no more draws would be permitted.  (I was one of those homeowners).  I haven’t heard of that happening much lately, but, that’s likely because [...]

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