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How Credit Unions Work
Most people never notice the differences between credit unions and banks. However, as an educated consumer looking to get the best deals (that is you, right?) you should know how...

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1. Let your debts tell you how big a mortgage to get
While it is a good idea to be a well-informed house and mortgage shopper, in many cases what you know is not nearly as important as what you owe. Not only that, but when it comes time to get a mortgage, how much you owe can even be more important than how much you make.

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Using a Home Equity Loan to Consolidate Compounding Bills & High Interest Debt
American borrowers are going into debt faster than ever, so the time has come to reduce spending and borrow responsibly. Many people are getting debt relief from their home's recent surge in equity for financing debt consolidation or home construction. You save money by converting high interest rates and daily compounded interest on credit cards into a reduced rate debt consolidation loan. If you choose a fixed interest rate loan for consolidating debts, it will be amortized with simple interest annually. In addition to the lower rate, abolishing compounding interest supplements your monthly savings. If you have the ability to save $350 $500 every month by taking out a 2nd mortgage, then at the end of the year you would have enough money to make a down payment on a vacation home.

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Mortgage Industry News
An overview of the latest news relating to the mortgage industry, updated daily.

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