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A day after a Federal Reserve Chairman Alan Greenspan confidant Federal Reserve Board Governor Donald L. Kohn dispelled forecasts of a housing bubble, Greenspan bolstered Kohn's argument by focusing on the strength of the mortgage market.
After extracting hundreds of...
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With consumer debt at an all-time high, San Diego-based Institute of Consumer Financial Education (ICFE) has joined the growing chorus of experts warning consumers about squandering equity.
Too often, consumers with high credit card and other debts turn to their...
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Consumers enjoying increased equity in their home don't always make the best decision about how to tap their equity.
In a recent survey, during the first quarter of 2000, 79 percent of Freddie Mac-owned loans were refinanced with loans that were at least 5 percent larger...
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There is a "vicious dog" that threatens unwary homeowner associations. It's called the "Home Equity Loan". It doesn't even belong to the association but the community homeowners. It looks pleasant enough and promises never to bite. Some of your neighbors have acquired it...
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The economy is booming.
So is your debt.
This year, the official household savings rate fell to the lowest level since the Great Depression. But with households gaining so much real estate equity, you can manage that debt, according to a team of money-saving experts...
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I received a letter to my newspaper column not long ago, asking "If I fall behind on payments on my equity loan, could they put a lien on my house?"
Oh, dear.
That reader evidently didn't realize that an equity loan "IS" a lien, a legal financial claim on the real...
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