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- MortgageRefinance.com
3/8/2013 12:24:34 PM
A home renovation is different than applying a fresh coat of paint, installing a new front entrance door, or staging your home to show to interested buyers. Depending on the extent of the renovation, you can spend a few thousands or tens of thousands of dollars.
Some people choose to take advantage of low interest rates, complete a mortgage refinance and remodel their homes. They intend to stay put for the next 15 or 20 years, which can be very rewarding experience. Other homeowners have decided to renovate their homes—increase the value even more—and sell.
Here are some considerations both homeowners will find helpful: Read more
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- MortgageRefinance.com
7/27/2010 9:03:18 PM
Home equity mortgage can be a confusing term. Is it a second mortgage or a home equity loan? A true home equity mortgage is just a home equity loan, sometimes shortened to HELOC. There are distinct differences between a home equity mortgage and a second mortgage. Read more
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- MortgageRefinance.com
5/26/2010 11:36:33 AM
Most homeowners use a home equity line of credit (HELOC) when they need to make improvements to the home. It makes sense to leverage the untapped value to increase the home’s value for the long term. For many years, homeowners misused these lines of credit for paying off smaller bills and trivial expenses. Over time, using an equity line this way is a recipe for financial disaster. Read more
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