How Home Equity Can Help You Slash Debt (Benton Evening News)
(ARA) - Escalating personal debt is one of the biggest concerns Americans face when it comes to their financial welfare, studies show. Getting out of debt almost seems to be replacing home ownership as the great American dream.
Line of credit best option in this case (Everett Herald)
Question: I plan to buy half of my son's house and we will use it as a rental as he is buying another house to live in. What is the best way for me to finance this? I have plenty of equity in my house. Should I get a mortgage on my home or on half his house? He would like to keep his present loan.
Arcadia Resources, Inc. Obtains $5 Million Revolving Line of Credit (Business Wire via Yahoo! Finance)
SOUTHFIELD, Mich.----Arcadia Resources, Inc. , an innovator in consumer health care services, today announced that its wholly-owned subsidiary, Arcadia Products, Inc. has obtained a three-year revolving line of credit with a maximum borrowing amount of $5 million from Presidential Healthcare Credit Corporation.
Home equity loan or refinance? (Bankrate.com)
Dear Dr. Don, The appraised value on my home after renovations is more than my current mortgage. What are my options as far as the equity and/or refinancing?
Should you tap into your home equity? (MSN Money Canada)
Like many older Canadians, paying off your mortgage during your working life has been a big priority. But now, even though the mortgage may be gone, escalating energy costs and increasing property taxes are eating up much of the cash you'd hoped to use for enjoying the good life.