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Home Equity Loans Popular ScamsMost borrowers fail to realize that when trading their much beloved home for cash, lenders can foreclose on their property in the case of default. Moreover, because of fly-by-night operators who are ready to strip unsuspecting borrowers of their most prized asset, it is doubly necessary that borrowers be familiar with some frauds that could be perpetrated on them. Stripping: The most common type of home equity loan fraud is "stripping," wherein lenders give loans to borrowers knowing fully that the borrower would be unable to repay them, thus paving the way for these scamsters to foreclose on your property and then sell it for a neat profit. The most common ruse for making borrowers accept such high-cost debt is disguising them as home repair loans. Many an unsuspecting borrower who has a lot of home equity but also piles of credit card debt can easily be taken for a ride. Flipping: This is an old favorite where a lender will agree to refinance an existing mortgage rather than foreclosing. This is normally music to the ears of a weary borrower, but what is not disclosed are the exorbitant fees that are charged in refinancing which only increase the debt burden of the borrower. Packing: In such a case the lender adds or "pads" extra charges into the home equity loan in the shape of credit insurance, settlement charges and other fringe charges which are of no real use to the borrower. The worst part is that such charges do little benefit to the borrower but unnecessarily eat away at the equity of a home. However, some simple steps, such as checking a lender's credentials, shopping around for better deals, and consulting experts, can make the task of applying for a home equity loan that much easier. Home Equity Loans - Rates, in depth articles and professional second mortgage advice. Find the lowest home equity loans rates and lenders.
How to refinance your mortgage and save money every month Business Insider More than 6.8 million homeowners can cut their mortgage payments with refinancing - The Union Leader Where Are Homeowners Successfully Refinancing? The New York Times Mortgage rates settle after an up-and-down week The Washington Post Detroit-based mortgage giant Quicken Loans on pace to set home loan record Detroit Free Press Report: More than 6.8 million homeowners can cut their mortgage payments with refinancing - KHOU.com How to know when to refinance your mortgage KIIITV.com Mortgage rates move higher on encouraging trade developments The Washington Post Mortgage rates today, December 10, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Mortgage rates fall to lowest level in six weeks The Washington Post 10 Housing and Mortgage Trends for 2020 NerdWallet Mortgage rates today, December 11, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Low mortgage rate trend continues to stir up mortgage applications Mortgage Professional America Mortgage credit standards are loosening, it may be easier to get a loan The Mortgage Reports Millennial mortgage refinances continue ascent National Mortgage News Mortgage rates today, December 5, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports United Shore has record-breaking year, gives away Cadillacs to 13 employees Detroit Free Press Should I Refinance My Mortgage? | Millionacres Motley Fool Mortgage rates today, December 4, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Mortgage rates today, December 9, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Mortgage rates rise following strong jobs report - Real Estate - seacoastonline.com - Portsmouth, NH Seacoastonline.com Mortgage rates today, December 12, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Mortgage rates today, November 15, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Getting a granny flat loan is easy peasy OCRegister French Banks Must Respect Mortgage Lending Standards: Watchdog U.S. News & World Report St. Anne’s names new mortgage specialist Wicked Local Plymouth Refinance or not? Getting a better deal isn't a slam dunk, but low rates offer compelling choices AZCentral Mortgage rates today, November 22, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Expanding Alternative Mortgage Options Jewish Link of New Jersey How long does it take to refinance a mortgage? Bankrate.com HELOC alternative Hometap raises $100M in new capital National Mortgage News Should I refinance my mortgage while rates are low? Bankrate.com 5 common myths about refinancing your mortgage Bankrate.com FBC Mortgage Named Title Sponsor Of Cure Bowl SportsLogos.Net News What to know before refinancing your home loan The Washington Post Good time to refinance your mortgage? Fox Business Denver's Third-Tallest Skyscraper Refinanced milehighcre.com What Is Mortgage Refinancing? Motley Fool Sims Mortgage refinancing cuts SNF interest rate by 60% - Products McKnight's Long Term Care News Figure Closes Series C Round of $103 Million to Expand Lending Products and Executive Hires Business Wire TRANSACTIONS: GCP Capital Group arranges $66450000 of financing Real Estate Weekly Refinancing my mortgage lowered my monthly payment by $200, but I wish I'd known 5 things beforehand Business Insider Mortgage rates haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan MarketWatch Refinance mortgage rate moves higher for Monday Bankrate.com Nearly 6 Million People Are Eligible To Save Money With Mortgage Refinance, Report Finds Bankrate.com Mondrian Park Ave. Hotel gets $135M in refinancing Real Estate Weekly Refinance mortgage rates mixed for Wednesday Bankrate.com Refinance mortgage rate slides for Thursday Bankrate.com Mortgage sector on its longest winning streak since the end of 2017 National Mortgage News Refinance mortgage rate moves up for Thursday Bankrate.com Refinance mortgage rate falls for Thursday Bankrate.com 4 irresistible perks of a VA mortgage refinance Bankrate.com Refinance rates advance for Monday Bankrate.com
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