Shopping for a Loan

As a consumer you shop around for the best deal on a car, a television set and other items. Do you do the same thing with the loans that you take out? You can save yourself a lot of money and heartache by taking the time to consider several different companies when it comes to borrowing money. Many consumers simply go with the loan offered by the car dealership or the mortgage company recommended by their realtor. It is important to realize that by shopping around you can find lower interest rates and other benefits that may accompany the loan. … Continue reading

Why Would You Take Out a Home Equity Loan?

What do you use your home equity loan for? There are as many different reasons for taking out a home equity loan, as there are home equity loans. It is important to examine the reasons that you are taking out the loan, and how soon you plan to repay that money. While there may be times when you need to use your home’s equity (a medical emergency) chances are you can avoid doing it. Many people take out a home equity loan versus another type of loan, because the interest is tax deductible. While this may seem like a good … Continue reading