Many consumers are discovering that with the current state of the housing market it is nearly impossible to get a home equity loan. The main problem appears to be for those that already have an existing mortgage. When a bank offers a home equity loan in this situation, they take second place in recoupment for […]
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Put the Equity of Your Home to Good Use With a Home Improvement Loan
Posted on May 24th, 2008 by Bright Light
According to many of the experts, consumers would be better off applying for a home improvement loan rather than applying for a new home loan. Home values across the US are taking a nose dive at the present time and a home improvement loan would benefit the consumer by increasing their current home’s value.The experts […]
Bank of America Expects More Home Equity Loan Losses
Posted on May 15th, 2008 by Bright Light
Bank of America announced today that although they originally stated that their home equity loan losses would be in the neighborhood of 2%, they may actually bit a bit higher. The company stated that their home equity loan losses were higher than expected but reminded analysts that their other loans are still performing quite well. […]
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