Home Equity Loan

Home > Home Equity Loan Calculator Information > Home Equity Loan Calculator News

Home Equity Loan Calculator News

  • Mind This Mortgage Trap! Tuesday, November 25, 2008 @ 1:12PMBorrowers need to beware this trap, argues Christina Jordan.
  • Need Cash? Where to Find It Fast. Monday, November 17, 2008 @ 9:22PM A dozen timely ideas on how to pay unexpected bills and weather tough times.
  • Higher limits for reverse mortgages may benefit some seniors Monday, November 17, 2008 @ 1:30PMThis month, many older homeowners got some long awaited good news when the Department of Housing and Urban Development approved the higher lending limits for reverse mortgages. Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.
  • Four Innovative Ways for Senior Citizens and Retirees to Generate Cash in an Economic Storm Monday, November 17, 2008 @ 1:06PM Golden Gateway Financial, a comprehensive online financial resource for seniors and retirees, today shared four tips aimed at those senior citizens in need of cash during retirement to help them generate capital in this increasingly challenging economy.
  • President Bush, Obama, US Economy, Bailout Jabberwocky Friday, November 14, 2008 @ 2:01PMEconomic Woe Is Me
  • New rules make reverse mortgages a better deal Thursday, November 13, 2008 @ 7:32PMThe rules have changed, making reverse mortgages an attractive option for more senior citizens. You can get more cash out of your home, and you can even use the money to buy a new home.
  • Money Help: Transfer your balances and you will speed forward to debt freedom Wednesday, November 12, 2008 @ 11:11PMStart by asking yourself the following question. “Do I understand how much my debt is costing me every month?” Having taught thousands of people about personal finances, I am convinced that most people do not truly understand how much their debt costs them.
  • Need Cash? Where to Find It Fast. Tuesday, November 11, 2008 @ 2:08PMA dozen timely ideas on how to pay unexpected bills and weather tough times.
  • Reverse Mortgages Get Better Wednesday, October 29, 2008 @ 1:06PMNew rules allow seniors to borrow more and even buy a new home.
  • Sponsored by: Friday, October 24, 2008 @ 7:32PMQ: What will happen if my bank closes? I have direct deposit for my paychecks.
  • Color of Money Book Club Friday, October 24, 2008 @ 5:31PMPersonal finance columnist Michelle Singletary hosted an online discussion with Gary Weiss, author of "Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off," on Thursday, Oct. 23 at Noon ET.
  • Your Turn on 9 Wednesday, October 1, 2008 @ 2:53PMNATIONAL (ABC) - As the Senate prepares to vote on the massive Wall Street rescue or bailout plan, depending on your perspective, we decided to ask some experts how you can best navigate this skittish economy.
  • Small banks may be better equipped to handle crisis Wednesday, October 1, 2008 @ 1:33AMSome local banks may be better equipped to weather the current economic crisis gripping the nation than larger, national institutions.
  • U.S. engineers sale of WaMu to JPMorgan Friday, September 26, 2008 @ 1:48AMRegulators seize the faltering giant S & L. Deposits are secure. In the biggest bank failure in U.S. history, Washington Mutual Bank was seized late Thursday by federal regulators and immediately sold to JPMorgan Chase & Co. for $1.9 billion.
  • Chatzky: Raiding the 401(k) is an unwise move Monday, September 15, 2008 @ 12:14AMWith people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401(k), or 403(b), is one way to get quick cash, but in most situations it is a bad idea.
  • 7 brainless borrowing behaviors Friday, September 12, 2008 @ 10:00AM Some loans are bad by design. But other loans can turn into bad deals if consumers follow these strategies.
  • Expert: Don Taylor, Ph.D., CFA, CFP Monday, September 8, 2008 @ 10:51AMDear Dr. Don, After years of up-and-down jobs and income, we have finally come to a financial situation that cannot be fixed within our means. We have tapped family, friends and our 403(b) and 401(k) plans to the max.
  • Tap equity without new 30-year mortgage Monday, September 8, 2008 @ 10:00AM Several options exist for tapping home equity without refinancing, says Dr. Don Taylor.
  • Consumer Smarts: What to do when medical bills are killing your budget Monday, September 1, 2008 @ 9:40PMGrowing numbers of Americans are struggling to pay medical bills; here are some strategies to cope.
  • Press Release Thursday, August 28, 2008 @ 10:12PMThe Federal Reserve Board on Thursday announced the launch of an online resource to help consumers make informed choices when refinancing a home loan.
  • Home sweet loan: Using a 401(k) loan for a down payment Thursday, August 28, 2008 @ 1:31AMFaced with a real estate market that has tightened up lending standards at a time when home values are dropping, more people are borrowing money from their 401(k) retirement plans to help swing a down payment to buy a home.
  • Unlocking your home equity Wednesday, August 27, 2008 @ 3:01PM The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash.
  • How to come up with money you need Sunday, August 24, 2008 @ 7:03AMThis economy has left people behind on credit card bills, short on mortgage payments and low on cash to cover basics like gas and food. Those are gaps in the budget that have to be filled, and too often, people are raiding their 401(k) to come up with the extra money.
  • High College Costs Force Families To Cobble Together Funding Thursday, August 21, 2008 @ 12:09AMHigh College Costs Force Families To Cobble Together Funding
  • Career Status Bonus acts like big minus for vets Saturday, August 16, 2008 @ 8:40AMThousands of military members entering their 15th year of service continue to be enticed by a wily government offer: a $30,000 bonus if they agree to take a deep and permanent cut in future retirement benefits.
  • Finances Taboo Topic for Senior Citizens and Their Children, Finds Reverse Mortgage Firm Thursday, August 14, 2008 @ 4:12PMAug. 14, 2008 - Half of all senior citizens participating in a recent survey said that they have never had an in-depth conversation about their financial situation with their adult children, according to a survey for Golden Gateway Financial, a marketer of reverse mortgages to senior citizens.
  • Color of Money Live Friday, July 18, 2008 @ 5:16AMNeed advice about how to handle your personal finances? Whether the struggle is saving for retirement, organizing your bank files, or talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offers her advice and answers your tough questions.
  • Should You Be Worried About Bank Failures? Tuesday, July 15, 2008 @ 8:06PMEven after the third-largest failure in history, most consumers will not be affected.
  • Expert: Don Taylor, Ph.D., CFA, CFP Thursday, July 10, 2008 @ 10:50AMDear Dr. Don, What are the relative advantages (and disadvantages) of putting down at least 20 percent of the cost toward a mortgage, as opposed to a smaller percentage? How much is required for mortgage insurance at closing -- and over the life of the loan?
  • Big down payment can wipe out PMI Thursday, July 10, 2008 @ 10:00AM Eliminating PMI is a major advantage of a larger home down payment, says Dr. Don Taylor.
  • Buying a Car: Auto vs. Home-Equity Loans Wednesday, July 9, 2008 @ 5:07PMTry to get the financing that costs you the least amount of money.
  • When Credit Gets Tight, a 401(k) Loan Becomes Tempting Saturday, July 5, 2008 @ 7:36PM Examining the rationales for supporting or damning the practice of borrowing against a retirement fund can be a useful exercise.
  • Do your homework on reverse mortgages Friday, July 4, 2008 @ 9:21PMIf you’re over 60 and own a house or other property, a reverse mortgage can seem an attractive option to help fund your retirement or pay for a major expense. But make sure you know the full costs and check out all your options before you sign on the dotted line.
  • Golden Gateway Financial Debunks Ten Emerging and Common Reverse Mortgage Myths Tuesday, July 1, 2008 @ 12:06PM As reverse mortgages continue to grow in popularity so have the various myths and misconceptions surrounding them, making it more important than ever for borrowers to obtain clear and unbiased information about reverse mortgages.
  • Consider a Reverse Mortgage, But Only as a Last Resort Friday, June 27, 2008 @ 8:51PMQ: My husband and I are in our mid-70s and have a modest fixed income from Social Security and pension plans. We own our house free and clear. While we are still in good health, we would like to see as much of the world as possible. Several friends have suggested that we get a reverse mortgage. Can you explain how this works and whether it is something we should consider?
  • Expert: Don Taylor, Ph.D., CFA, CFP Wednesday, June 25, 2008 @ 10:49AMDear Dr. Don, My banker is advising me to use a home equity line of credit to pay off my mortgage and car loan. Can I do this? We are preferred clients and have checking and money market accounts with this bank. The HELOC is called the equity optimizer and has a 3.75 percent variable rate.
  • Paying loans with HELOC involves risk Wednesday, June 25, 2008 @ 10:00AM Tapping a HELOC to reduce a debt load sometimes involves risk, says Dr. Don Taylor.
  • The Bubble Monday, June 16, 2008 @ 6:41PMWashington Post staff writers Alec Klein and Zach Goldfarb were online Monday, June 16 at 12:30 p.m. ET with guest John Taylor, Stanford economics professor, to discuss their three-part narrative series about the U.S. housing bust.