Home Equity Loans vs Home Equity Lines of Credit

The quality lending site LendingTree.com has published an informative article on the difference between Home Equity Loans and a Home Equity Line of Credit. If you’re a homeowner, you can borrow against the value of your house through either a home equity line of credit (often called a HELOC or a line) or a [...]

Another chance at a fixed-rate mortgage?

Weekly average of 30-year fixed rate mortgages over the last 3 years (source: www.hsh.com).

Today’s sell-off in blue chips and the extended rally in Treasuries has potentially created another opportunity for variable-rate mortgage holders to convert to the fixed-rate variety. As can be seen by the graph above, mortgages rates below 6.00% are well in the [...]