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Recent No Equity Loan News:
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If it's any consolation, Bankrate's national average for home equity loans is 7.75 percent at the time of this writing. While it's not inconsequential, you're not seeing a huge differential between the 8.5 percent on your existing second mortgage and ...
Of last week's requests, 29 percent were for refinance loans, 69 percent were for purchase loans and 2 percent were for home equity loans. The prior week, 31 percent of requests were for refinance loans, 67 percent were for purchase loans and 2 ...
For the past several months, some homeowners have turned to home-equity lines with cheap rates to pay for home renovations, student loans or as a way of refinancing without closing costs, according to lenders in the state. "We’re seeing more people ...
Not withstanding escalated prices, many home loans were issued at 100 percent of the sale price -- no down payment whatsoever. Compounding the problem were home equity loans and second mortgages, frequently adding up to more than the home was worth.
Many home equity loans are unusually attractive now. Yours is a dilemma that confronts many homeowners with adjustable mortgages, or ARMs: They may be happy with the low interest rates they're paying today - in many cases only 4 percent or so - but ...
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