collateral

How Tapping Into Home Equity Is Like Pawning A Gold Necklace

Posted July 31, 2008 - 13:31 by Julie Rains

Consumer Affairs, Real Estate and Housing

pawnshop at night

It has occurred to me that tapping into one’s home equity can be like pawning a gold necklace, television set, or other personal item with resale value. Both involve using collateral, either to borrow thousands of dollars through a home equity loan or home equity line of credit aka HELOC – or to borrow $50 for a very short period of time. I think it is interesting to compare and contrast these two types of loans.

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The Four C's of Applying for and Managing your Credit

Posted January 3, 2008 - 15:27 by Nora Dunn

Credit Cards

C

What exactly is your credit score? What factors are weighed when you apply for a loan? How can you improve your credit and ability to get great loan rates? And how can you unwittingly mess it all up? Read on...

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