http://www.financeprism.com Helping You Understand Finance Better! Sun, 27 Jan 2008 23:00:44 +0000 http://backend.userland.com/rss092 en Many borrowers are confused about the distinction between a home equity loan and other common types of loans. A better understanding of equity loans will clear any doubts. One major difference is that home equity loans are offered against the mortgage of your home. It comes in various options, including ... http://www.financeprism.com/the-difference-between-an-equity-line-and-a-loan.htm A home owner seeking home equity loans often come across lenders who are ready to give large sums as loans with out credit check or other normal procedures. Such operators often turn out to be cut throat lenders trying to fish in troubled waters. As per government regulations and rules, it ... http://www.financeprism.com/the-dangers-of-no-credit-check-equity-loans.htm Similar to ARMS loans, interest only equity loans act like an investment tool in the hands of wise borrowers. It becomes like an investment because the lender allows the borrower to choose a comfortable amount as payment schedule to repay the loan. Moreover, the loan also allows the borrower to ... http://www.financeprism.com/the-benefits-of-an-interest-only-equity-loan.htm Home owners seeking large funds can avail of the home equity loans, which are optional. This loan is given to the borrower against the mortgage of his home. One of the options of home equity loan is the ‘equity release loan,’ which has two packages; i)The Equity Release Mortgage Plan, ... http://www.financeprism.com/the-benefits-of-an-equity-release-loan.htm A self-employed individual seeking a home equity loan needs to adopt a different strategy than a borrower who is an employee. As an employee, it was fairly easy for you to complete the formalities with lenders. Now, as a self-employed person you want to take a secondary loan on your ... http://www.financeprism.com/strategies-for-self-employed-equity-loan-management.htm Despite claims to the contrary, almost all the home equity loan lenders charge several fees in one way or another. These fees include transaction charges, closing fees, administrative charges, upfront deposits, and so on. While offering attractive terms such as refinancing options, they hide most of the stipulations in ... http://www.financeprism.com/selecting-the-best-potential-equity-refinancing-package.htm A borrower seeking an equity loan against his home may have many questions, which he can answer himself by reevaluating his current mortgage loan and its monthly statements. The matters to be reviewed include interest and repayment rates. If your existing loan is a convenient and competitive one, then it ... http://www.financeprism.com/selecting-low-interest-equity-loans.htm A lender uses certain parameters to factorize the value of a borrower’s home before sanctioning a home equity loan against the building’s value. The building’s year of construction, location, pending mortgage loans if any, and so on are among the several other factors that are considered. The lender will deduct ... http://www.financeprism.com/securing-an-equity-lender-loan.htm A second mortgage loan, or re-mortgage loan as it is often called, is availed against re-mortgaging your home to the lender. The borrower receives a fixed amount of money against this loan which he has to repay as per mutually agreed terms and conditions. The borrower is free to use ... http://www.financeprism.com/second-mortgage-equity-loans.htm Re-mortgage loans or secondary loans are often intended to help the borrower to pay-off his previous mortgage loan or credit card debts and thus improve his finances. A borrower can also use the secondary loan to buy a car, make improvement to his home, or to meet a host of ... http://www.financeprism.com/saving-money-with-re-mortgage-equity-loans.htm