Finding The Best Home Equity Loan

Many homeowners are looking for ways to help improve their financial situation by using a home equity loan. These types of loans are the smartest way for homeowners to borrow for many reasons. Here is some information to help you get the most out of your home equity loan.

Home equity loans generally carry the lowest interest rate of any loan that you can obtain. The reason for this is that the risk to the lender is lower because of the type of collateral that the loan is secured by. Many lenders offer home equity loans that go up to 100% of the value of your home, but the rate is going to be highest for these types of loans. In order to get the best interest rate, try to keep the amount of your loan under 80% loan to value. For example, if your home is worth $100,000, 80% of the value of your home is $80,000. If you borrow this way, you will get the best rate and avoid many other charges like PMI, or private mortgage insurance, and points.

Many homeowners prefer to only have one payment. This is possible by rolling your first mortgage into the same loan as your home equity loan. This also has rate advantages over having separate first and second mortgages, because the rate on a first mortgage will always be lower than on a second. If you put the loans together, you will get the lowest rate on the entire amount of the home equity loan because the whole loan will be considered a first lien.

Home equity loans also have the jump on nonsecured loans and credit cards because they have tax advantages. Most homeowners can deduct the interest that they pay on real estate secured loans on their taxes. Generally speaking, if you are able to deduct your first mortgage interest you will also be able to deduct the interest that you pay on your home equity loan. This can significantly lower your tax burden. Be sure that you consult your tax professional about your specific circumstances.

When you are looking for a home equity loan, it is important to find a reputable lender. Look for one that has good reviews with the Better Business Bureau. Asking friends and family for recommendations is another smart way to find a good lender. You can also find great deals online. Many online lenders offer lower interest rates because they have less overhead costs than a larger, more traditional financial institution. They are usually more willing to negotiate fees and the processing time is usually quicker. Many people find this more attractive in today's fast paced world, since the only time you have to take the time to meet with a representative is at the closing.

Overall, if you are wise about it, a home equity loan can be a great way to save money on payments and interest rates. Because the interest is tax deductible, you are borrowing money in the most advantageous way possible. Keep the total amount of the home equity loan as close as you can to 80% loan to value and be sure to look online for great deals. If you follow these words of advice, you can find the perfect home equity loan solution to meet your needs.

For more insights and additional information about the Best Home Equity Loan as well as getting a free no-obligation loan quote, please visit our web site at http://www.personalloantips.com/home_equity_loan.php

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100 Percent Home Equity Loans - What You Need To Know

A home equity loan is a loan that home owners can get based on the amount of equity they have built up on their homes. The homes are used as collateral to secure the loan for the borrower. Typically, the lender will look at how much your house is worth and how much you have paid on it so far and will then figure out a percentage based on those two numbers that will determine the amount of money you are eligible to borrow. Typically these come in two forms: the fixed rate and the adjustable rate. People who take out a loan on all of the equity they have built up are said to be taking out a 100% home equity loan.

This type of loan is not something that should be entered into lightly. Chances are that this type of loan will be worth quite a large sum of money and borrowing large sums of money comes with large risks, the biggest being that if you default, you will lose your home.

If you are thinking about getting a 100% home equity loan you will want to talk to as many lenders as possible before deciding on the one you will work with. Different lenders will promise you different rates, deals and repayment plans. Do your research and ask each lender for references. Talk to others who have taken out similar loans and see what their experiences have been. One hundred percent loans are risky. After all, you will have to pay the money back so you could end up paying 200% of what your home is actually worth.

Something else you will want to really think about is if you actually need to take out this type of loan. What are you going to be using the money for? Debt consolidation? Home repairs? Are there other ways to pay for these things? You want to weigh all of your options before signing the loan papers.

By Max Suther

Get more information about 100% home equity loans at http://www.100homeequity.com where you will find articles, tips and info on cits home equity loans.

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Tips For Finding a Great Home Equity Loan Interest Rate

If you are a homeowner and have mounting debts, then it may be a good idea to get a home equity loan. But it is very important that you find a good home equity loan interest rate before you agree to sign anything. Read on to discover more tips on finding a good home equity loan.

A home equity loan is a secured loan because you are using your home as collateral. You must take into consideration your ability to make your payments, because failing to make payments on your home equity loan can result in you losing your home.

It is also important that you find a great home equity loan interest rate. Do some shopping around to find a lender that can give you the best interest rate. It is also imperative that you know your credit score before you shop for a loan. The higher your credit score, the better home equity interest loan you are entitled to.

Check with you tax adviser, because home equity loans are usually tax deductible, which could save you a lot of money at tax time. It is also a good idea to make use of a rate calculator or a home equity loan calculator so that you will have an idea of what your payments are going to be before you commit to anything. You can find free home equity loan interest rate calculators online.

If you are going to use your home equity loans to pay off credit card debts, you need to take a long hard look at your spending habits. Examine how you got into debt in the first place and make a plan to change. Get rid of all of your credit cards so that you don't get into debt again. If you cannot be committed to getting rid of your credit cards, then you will probably rack up credit card debt again and be in worse shape than you were to begin with. Taking debt management classes may be a good idea to help you get a handle on your spending habits.

Finding a good home equity loan interest rate is not hard if you shop around. Always know what you are signing before you sign it. Make sure there are no hidden fees or charges in your contract. Educate yourself and you less likely to be taken advantage of and more likely to find a great home equity loan interest rate.

You can learn more about Home Equity Loan Interest Rates as well as more information on everything to do with home equity loans and home equity lines of credit by visiting http://www.HomeEquityLoansA-Z.com

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Home Equity Loan - Reverse Mortgage - Money From Heaven?

Somewhere in the neighborhood of 78 million Americans will be reaching retirement age in the next decade. It will put a strain on the social security system at the very least. At the worst....who knows. That's a discussion for another day.

The government is not the only ones that will feel the pinch. It is safe to say that most Americans haven't done a good job preparing for retirement so their resources are very limited. This is where a reverse mortgage can make growing older much more enjoyable. It would be money from heaven.

A reverse mortgage is available to homeowners 62 or older who own their own home. Like the name suggests instead of paying money in to build up equity in your home, a reverse mortgage allows for "withdrawals" literally for any use imaginable.

The money can be withdrawn in a lump sum, a line of credit to be used at the homeowners' discretion, regular monthly payments or a combination of the three.

The popularity of the product will no doubt bring about better rates and new wrinkles in the future as competition for this huge market heats up.

For millions of Americans who own their own home and have little else for resources it could be a lifesaver in many ways. One that comes to mind is long term health care. There's little public assistance for home care and you may not qualify for Medicaid to pay for nursing home care.

Most people given the choice would rather stay at their home as long as possible but the cost of home care is very expensive. The solution is a home equity loan reverse mortgage.

The money from a reverse mortgage can be used for anything from that life long dream of a trip around the world to paying off debts. As the graying of America continues one of the best uses of proceeds form Reverse Mortgage could be to pay for long term care either at home of in a long term care facility. Money from Heaven!

Jack Krohn is a leading free lance writer on Home Equity and Mortgage issues with over 50 articles to his credit.

To learn more about mortgages click on the links below.

Learn All About Mortgages Or Get Free Home Equity Loan Info.

Home Of The Best Self Defense Products.

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Home Equity Loan Dangers

Homeowners are constantly bombarded with advertisements tempting them to take out a second mortgage called a home equity loan. Home equity loans are increasingly popular among lenders not because they are beneficial for you, but because they earn lenders a lot of money. If you have considered using a home equity loan to pay off your unsecured debts - such as credit card debt - or to get cash, then you should understand the risks involved.

Home Equity Loans for Unsecured Debt

Amassing thousands of dollars in credit card debt is easy. Credit card companies are constantly raising credit limits and offering new incentives to increase your potential debt. But they often do this with a catch - an increased interest rate. After realizing your low introductory rate is now 25 percent or higher, you may look for a way to avoid paying those high interest rates. The promise of a low interest rate, like the one on your home loan, to consolidate and pay off your unsecured debt is extremely alluring.

The danger of adding an unsecured debt to a secured debt, like your home, is that now the loan is backed by collateral, which the lender can take if you miss your monthly payments. The benefit, a lower interest rate, is null and void if you lose your greatest financial asset. A foreclosure can mean not only the loss of your house, but can make purchasing another home nearly impossible. Even renting an apartment can be difficult with the foreclosure on your credit report.

Home Equity Loans for Quick Cash

Using a home equity loan to get fast cash will put you in jeopardy of becoming upside down on your loan, or owing more on your home than it is worth. If the home depreciates in value, then you will be left in a harsh financial situation. You could sell your home and still be responsible for the outstanding balance, or try to wait until the home increases in value. Waiting to sell could allow the value of your home to plummet and may not even be an option if you are prompted to move by unforeseen circumstances.

Another substantial downfall to a home equity loan is the potential for you to accrue more debt. Unless you change the behavior that caused the debt in the first place, you will likely begin purchasing items you cannot afford and repeat the cycle of debt. Every time you refinance your loan, fees and closing costs are, usually, rolled into the loan. This means that you are drastically increasing your debt every time you refinance and taking one more step toward foreclosure or bankruptcy.

A Better Option for Credit Card Debt Home equity loans are a risky way to address your credit card debt. Debt consolidation is one debt-relief method homeowners have used to consolidate credit card debt.

For consumers who want to eliminate their debt, debt settlement may be the best solution. Debt settlement allows you to negotiate with creditors to reduce your total debt balance without risking your home.

If you suffer from overwhelming debt, then you need to research your debt-relief options and choose the program best suited to your needs before you rush into a home equity loan.

By Scott Sumerford

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How Home Equity Loans Work

If you're a homeowner, and you want to understand how Home Equity Loans work, I'll explain it to you. You can borrow against the equity value of your house through either a home equity line of credit (often called a HELOC or a line) or a home equity loan (often called a HEL or loan). Both are essentially a second mortgage.

With Home Equity Loans, you receive a lump sum of money and have a fixed monthly payment. You pay off this Home Equity Loan over a predetermined time period, such as 10 years or 15 years. The amount you can borrow with Home Equity Loans is based on factors such as your income, debts, the value of your home, how much you still owe on your mortgage (1st and/or 2nd) and your credit history. It's also a good choice if you have a specific purpose for the loan such as debt consolidation or home renovation, which requires a set amount of money.

The appeal of Home Equity Loans is in the interest rate, which is almost always lower than those of credit cards or conventional bank loans because they are secured against the equity value in your home. In addition, the interest you pay on Home Equity Loans is often tax deductible (consult a tax advisor about your particular situation).

Home Equity Loans usually carry a higher interest rate than that of a first mortgage. With a Home Equity Loan, you may choose either an adjustable rate that fluctuates according to variations in the prime rate, or you may choose a fixed rate. A fixed rate enables you to budget a set monthly payment without worrying about increasing costs should interest rates rise. With Home Equity Loans, there are also closing costs that you should consider.

Keep in mind, your home is the collateral for your Home Equity Loan. If a Home Equity Loans easy access to cash tempts you to run up more debt than you can repay, or if you fail to make your monthly payments, you risk losing your home.

Here are the components of Home Equity Loans:

• What you get is a fixed amount of money, up to 100 percent of your equity value in your home (its value minus your first mortgage debt and other debts). Some lenders will allow you to borrow up to 125 percent of the value of your home.

• How you qualify is you typically need to provide proof of your income and home ownership, and proof that at least 20 percent of the value of your home is paid off. An appraisal is usually required as well.

• How you pay it is fixed payments of interest and principal over a fixed period of time.

• The term of the mortgage can be as short as 1 year or as long as 30 years.

• There are closing costs that are lower than closing costs for a first mortgage.

• You receive one up-front lump sum.

• A fixed or adjustable interest rate.

• Interest may be tax-deductible (consult a tax advisor).

Home Equity Loans are a good way of getting needed funds at an affordable rate. But, as with all types of debt, it's wise to avoid borrowing more than you can repay. Remember that since the loan is secured by your house, the lender could foreclose on your home if you don't repay the money. If you're not comfortable with that risk, conventional bank loans might be a better choice.

By Joseph V. Formale

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Cheap Equity Loans

Since the slump in house prices during the early-to-mid 1990s, millions of UK homeowners have seen the value of their property rise by considerable amounts. This has made many a UK homeowner equity rich and, on paper, very wealthy. But, with all the equity tied up in their home the reality of the situation is often very different as homeowners struggle to find the money to make ends meet or to pay off other loans. If this is you then don't despair…equity loans are the answer to just this problem!

Releasing equity

Equity loans are loans secured on the value of your home minus loans already secured on your home, the most significant of these pre-existing loans secured on your home being mortgage loans. The difference between the value of your property and loans secured on your home is known as equity. Equity loans are loans secured only on the free equity value of your home. A wide selection of equity loans are available from loans companies, and the low loans rates associated with equity borrowing makes loans based on equity one of the cheapest ways to borrow money in the UK.

Loans based on equity release are very flexible in repayment duration. For instance, loans drawn from equity with a repayment duration to match the length of your remaining mortgage loans are just as readily available from equity lenders as short loans of 36 to 48 months in duration. Do take into account though that short duration loans require higher monthly repayments to equity lenders.

Equity heaven

Releasing equity tied up in your home through equity loans improves personal cash flow and really takes the pressure off servicing other loans that you've acquired. But, equity borrowing offers so much more than just paying outstanding bills and loans. With loans based on equity in your home you can move forward with your life. Maybe you'd like to use the equity-released money to buy a new conservatory? Perhaps you'd like a second honeymoon or to take regular exotic holidays using the equity? If you're looking to profit from the equity released then you can always re-invest the equity as loans to buy property to let or renovate. When you think about it, there really is no limit to what loans secured on equity in your home can do for you.

One word of caution though. Before taking out loans secured on equity in your home, do consider how you will meet the monthly repayments. You don't want to get yourself into a position where you have to sell your home to service your loans secured on equity.

Article Source: http://www.articledashboard.com

Matthew Bourne has been working in the loans, mortgage and life insurance industry for over 10yrs and is currently working for 1Track Cheap Loans

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Home Equity Loans – A Method to Unearth the Hidden Equity

You never thought that your home can be worth anything except for living purposes. Yes, a real estate broker would have offered a large sum on this house. But you never planned to sell the house because of an emotional attachment with it.

One of the prime customer bases for home equity loan crops from this kind of people. These are people who have been living in the house for years, or it might be their first home. Having seen the joys and sorrows in the home together slowly converted the house from a brick and mortar structure to ones prized home.

You get the necessary cash through the sale of house. But, you lose your home for ever. If you are looking for a middle path whereby you can evade losing on your home and get the cash at the same time, then you would surely like the deal offered by home equity loans. Under a home equity loan, the loan provider agrees to lend to the borrower against his home. This amount will be returned with a certain interest after a certain time period.

This arrangement suits the residents of the UK the most. Every month the borrower makes a small payment towards the amortisation of the amount lent. It is the borrower who decides the monthly repayments. The logic behind this discretion lies in the inequality in the income levels of borrowers. While a monthly repayment of ₤1000 will suit some borrowers, other may not be able to make such high payments through their monthly salary, which has to pay off the other routine expenses too.

How does the loan provider ensure that he will safely receive the amount at the end of the term of home equity loan? It is by retaining the property papers with him. A borrower will not be able to sell home in the absence of the property papers. With the property papers in their possession, the loan provider is the legal owner of the house.

But, the loan provider does not exercise this right according to an agreement with the borrower. The agreement is for the return of home equity loan at the end of a stated term with an interest calculated according to a certain rate of interest.

During the period of the loan, it is not the home but the equity inherent in it that is being consumed. This explains the reason why the borrower of home equity loan continues living in the house even after pledging it. Home equity loans get the name from the equity consumption in the process. Equity is the value that one gets on selling home. For the calculations of equity, the valuer will undertake a survey to check the amount that will be received on selling it. Deductions for the mortgages already held against home will be made to get an exact figure for home equity.

It is a percentage of the home equity that is convertible into cash. The percentage hovers around 80-125% for borrowers with a good credit history. The borrowers who do not have as good a credit history and have undergone bankruptcy any time in the past years are sure to get a much lower equity conversion rate. When changed into currency, the equity in home will fetch anywhere between ₤5000- ₤500000.

Home equity loan is a secured loan. All secured loans are cheaper in terms of the rate of interest. Those secured loans, where home guarantees repayment are the cheapest. Sometimes, borrowers can hope to get an APR equivalent to that of mortgage. Some borrowers never relax on the APR front. Their worst fears are of the times when interest rates would rise unexpectedly. Rate locks on home equity loans have been especially designed for this kind of borrowers. A rate lock stabilises the APR at a particular level. However, borrowers who do not want to lose on the further fall in interest rate would continue using the variable rate method.

Is the equity in home completely consumed in the process? This is the question that most people ask while drawing home equity loans. Equity is only consumed temporarily. As the borrower makes repayments towards the home equity loan, equity in home gets replenished - readying the home for a new home equity loan.

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Steve Clark can tell you how to look better, live better and breathe better by giving you tips to improve your finances.He writes on loans. His ideas can help you rejuvenate your money.To Find Adverse credit remortgage,bad credit remortgage UK,cash back remortgage UK,home equity loans visit www.easyremortgageuk.co.uk

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Lowest Rates Home Equity Loan - How To Find Best Home Equity Loan Interest Rates

When people think about applying for a home equity loan, lowest rates is the main thing they should pay their attention to because these rates will determine the amount of money they will have to repay each month.

You do not need to pay more than you have to. Only few simple steps can save you lots of cash in the long run. Following these strategies will assure financial stability and avoid rather unpleasant surprises in the future.

Home Equity Loan Amount

After you own your house for at least a couple of years a home equity builds up. The amount of credit you can get will equal the value of your home minus the amount you still owe for it. Even though it might be quite appealing to get the maximum cash on your home equity loan, it is not always required. If you need just few thousand dollars for one reason or another, you do not have to apply for all the money available for your home equity loan at the moment.

Keep in mind that the smaller the sum is, the more chances you have to get lowest rates on home equity loan.

Two different types of home equity loans: Adjustable Rate and Flexible Rate Home Equity Loan

When people are trying to get the lowest rates on home equity loan they can find, they might decide to select an adjustable rate plan. At first adjustable rate home equity loans are offering very small starting rates that can stay the same for a while. But there is totally no guarantee they will not go up later. Such loans have rather unpredictable interest rates and can raise to a large extent later This may increase your monthly costs so much that it will become a great financial weight for your household.

Fixed rate home equity loans however is a better solution and most homeowners will go for it. Even though the rates will be a bit higher than for adjustable rates, they will remain the same during the whole repayment period. This will give you a great benefit of predictable monthly payments and will ensure your financial stability.

As a conclusion, I would like to say that a thorough research is a must before applying for a home equity loan. A knowledgeable decision will assure that you get the lowest rates home equity loan! For more tips about how to find lowest rates home equity loans, please visit http://www.lowest-rates-home-equity-loan.com.

If you are looking for lowest rates home equity loan, http://www.lowest-rates-home-equity-loan.com provides free information, tips and ideas for home owners. A constantly growing resource about every aspect of home equity loans is http://www.lowest-rates-home-equity-loan.com/blog/wordpress

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What on earth are Home Equity Loans?

Home equity loans are one of the most common types of financing for doing improvements on your house. These loans are not necessary used for home improvements but can also be used to simply obtain extra cash. It is essentially a standard loan, based on the equity you have in your house. This is as opposed to mortgage loans which are the loans used to purchase a home. Equity is the value that you have paid on your mortgage loan.

If you are planning on building a house, it may be advisable to obtain a construction loan. These loans are available at most banks or lenders online. Home loans in general are available online. If you are looking for more information on loans that are available, try checking online.

By doing a simple search using any search engine, like Yahoo or Google, you will undoubtedly receive hundreds of pages of websites that offer information or loans themselves. These companies, while there are many, may not all offer the same things. On value in doing this type of research is the ability to compare and contrast the different types of loans and different lenders available. You can save a lot of money by doing some basic research. Countrywide Home Loans, is one such lender that uses the Internet as a tool in providing potential customers with updated information.

Things to consider when looking at different loans include interest rates and terms of the loans. The interest rate, while dependent on the rate on the current market, may differ between lenders. Terms and conditions can be dependent on length of loan, flexibility of interest rate and credit standing. You may be able to find online lenders that will pre-approve you online within minutes of sending them your information.

All in all, there are many different financing options depending on if you are buying, building, or in need of extra cash. Home equity loans and home mortgage loans can be found through lenders at your local bank or online. Doing the proper amount of research will afford you the best deal out there.

About The Author

Mike Yeager

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mjy610@hotmail.com

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A Home Equity Loan Is It For You?

Home equity loans are often touted as being the solution to so many things giving you access to money for home repairs or improvements, a way to consolidate debt, finance a sudden family emergency, or even as a way to start an investment portfolio. There's a lot to think about, though, before you go and sign up for the first home equity loan you see.

A home equity loan is like a second mortgage on your home. If your home is currently worth $130,000, and you have a mortgage against it for $70,000, then you have $60,000 of equity available. Some home equity loans may allow you to borrow up to 80% of your home's value, others may go higher in special circumstances. In this example, you would be able to borrow another $34,000 as a home equity loan and still have only borrowed 80%.

So the first step is to get a reasonably good idea of what your home is worth on the market. Your friendly realtor may help with this, but be aware that sometimes they can inflate the value in the hope of getting your business. You can also look at what price similar houses close by have sold for. Or you can pay a qualified valuer to assess your home.

Now you have a starting figure, you can work out how much equity you have in your home. The other important figure to work out is how much you need for whatever purpose you have in mind. Hopefully that works out to be less than the equity available! It's even better if it's less than 80% of the available equity.

At this point it's important not to get carried away. It can be all too easy to say, well, I have $50,000 available and I really only need $30,000 to complete the repairs, so why not borrow $40,000 and blow the rest on a holiday? Remember the more you borrow, the more it will cost you in repayments. It's very easy to borrow too much, only to find yourself struggling to meet the payments and maybe even losing your home.

You also need to decide what type of home equity loan you want. There are two main types a closed end loan and a line of credit. A closed end loan is basically the same as a standard home mortgage you borrow the amount for a set period of time, and make payments over time to gradually pay off the balance.

A line of credit, on the other hand, is like having a credit card with a big limit. Some banks will require you to make minimum payments each month, others only require payments if you're at your limit. Either way, the loan will only be for a set period of time, and at the end of that you will either have to extend the time period or refinance the loan with another lender. This type of facility can be useful if you're disciplined with your money, but if you're the type of person whose credits cards are always at their limits, it may not be a good idea at all to have ready access to such a large amount of credit.

Next, you need to work out how long you want to borrow the money for. This will vary depending on how much money you are borrowing, the type of home equity loan and how much you can afford to pay. There are lots of good mortgage calculators online that can help you to work this out. If borrowing the money over 5 years for a closed end loan means you won't be able to meet the payments, then see if spreading the loan over 10 years becomes more affordable for you. You will pay more in the long run, but at least you won't default on your loan.

When you know what you want, it's time to go and find it! It may be worth starting with banks recommended to you by friends and family at least they'll be able to give feedback on their experiences. You can also shop around online, looking for the best deal.

Finally, when you have chosen the loan you want and are ready to proceed, do two more things. Firstly, check for fees. Banks are aware of the need to be competitive, and will often avoid charging up front fees for that reason. However it's amazing what can be hidden in the fine print of a contract. So read any loan documents thoroughly before signing. If you can, get the contract explained to you by your legal advisor.

Home equity loans can be a wonderful tool when used correctly. Do your homework first, find the loan that best matches what you want, and go for it. Just make sure you don't over extend yourself or sign documents that will give you nightmares forever.

About The Author

Investing and finance are two passions of the author. To find out more, check out www.homeequityloanzonecentral.com for more information.

Copyright Felicity Walker 2005

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Home Equity Loan : Beware of the lingering lien!

A problem that often arises when people try to refinance their home is the discovery of a pre-existing lien from a previous loan that was not removed by the lending company. The cost of removing a lien and returning the title to the homeowner, a process known as reconveyance, is usually included in fees associated with a home equity loan.

When the loan is paid off, the lender is generally responsible for removing the lien, so that public records show the property to be unencumbered. There are various reasons for why the lien isn't always removed oversight on the part of the lender, especially during heavy periods of refinancing, is often the problem. Occasionally, the problem can arise when a lender is sold to another company or when that lender goes out of business.

No matter what the cause, a lien that hasn't been removed can come back to haunt a homeowner. If a homeowner is in the process of refinancing a home and discovers an old lien that hasn't been removed, the entire refinancing process can be held up for weeks. This can be critical if the owner is trying to lock in an interest rate prior to closing. The problem can also arise when a homeowner is trying to take out another home equity loan, perhaps to facilitate debt consolidation or home improvements.

Here are a few things you can do to avoid this problem: Get a copy of your credit report. If there are any errors, particularly errors showing an open line of credit or a home equity loan that has been paid off, contact your lender. Keep your paperwork from all real estate loans, even if you have already paid them off. Then you will have them at hand should you need to demonstrate that you have fulfilled your obligations. If the lien shows up on public records or a credit report, but the original lender says that you have paid it, have them send you a copy of their documentation regarding your reconveyance.

As with most issues that come up when financing or refinancing a home, this one can be resolved by remaining diligent and keeping proper paperwork. As always, it's a good idea to check your credit report regularly, particularly if you plan on taking out a loan in the near future.

@Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.

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