Home Equity Loans News and Info Blog

Home Equity News and Information

• Equity Home Loan Mortgage Options
  Then there's the home equity line of credit, commonly known by the acronym HELOC. The HELOC differs from the home equity loan in several ways. For one, the rates on a home equity line of credit are adjustable rather than fixed. This means they will rise and fall with the market. A HELOC is a revolving credit account, that works in much the same way as a […]
• Taxes on Home Equity Loans
  Because the $90,000 HELOC is on a rental property, it does not qualify as home mortgage interest unless you use the home as a vacation home during the year. Further, because the $90,000 loan was used for personal purposes, it is not deductible against rental income. The $360,000 mortgage would be deductible against the rental property income. Tags: Bad Credi […]
• Advantages of Va Home Loans
  Copyright 2007 Jim Sterling - All Rights Reserved Tags: VA Home Loans […]
• Basic Home Equity Loan Information
  Home equity loans can be used for a variety of different purposes. If you need money for debt consolidation, home repairs or improvements, or college costs, a home equity loan can be just the thing. There are alternatives to an equity loan, of course. They include things like home equity lines of credit and mortgage refinancing. If you're interested in […]