The Top 10 Reasons

1. Mortgage companies starting around November 2007 stopped doing fixed second mortgages and home equity lines of credit (HELOC) due to changes going on in the mortgage industry. A lot of swift and sudden changes came to the type of companies that were farthest away from the actual money like the mortgage brokers, correspondent lenders, then [...]

1. A home equity loan is a loan that is taken out against what the home is worth – the loan you currently have on the house. For example: the house is worth $175,000 and you owe $125,000 on your current first mortgage. You could take out a home equity loan for $175,000 – $125,000 [...]