Wednesday, December 19, 2007

Home Loan Options

  • Home Equity Loan
    Home equity loans and helocs (home equity line of credits) are interest rate solutions to get cash out the equity in your home to use for any purpose (such as home improvements, vacations, debt consolidation, etc).

  • Refinance Loan
    Refinance home loans are often used to help your financial situations like home improvements, reducing monthly payments, debt consolidation, or even tuition costs. Refinance home loans are used for debt consolidation or getting cash from equity that has built up in your home.

  • Purchase Loan
    Purchase loans are for first time home buyers or people trading up to a larger home. They are the standard home loan that you must get to buy a home without paying the full house value upfront.

  • Reverse Mortgages
    Reverse mortgages are special loan types that convert the equity of a home into cash. Often it is used to help senior citizens with security in their retirement.

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