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ING DIRECT launches Home Equity Line of Credit
HELOC product offers several features to help Canadians pay back debt faster TORONTO , Jan. 5, 2012 /PRNewswire/ - ING DIRECT announced today the launch of its Home Equity Line of Credit (HELOC), a product ...
finance.yahoo.com
Return of traditional mortgages
Line-of-credit home loans have proved costly for many borrowers, writes Lesley Parker.
www.moneymanager.com.au
Insight: Borrowing spree pushes Canadians to edge of debt cliff
TORONTO (Reuters) - The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis. "I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act," Taylor said, pulling out a pair of scissors from his desk ...
news.yahoo.com
Private-Equity Partners Rally Around Romney’s Dodd-Frank Cure
One evening in late September, Mitt Romney supporters gathered at the $3 million Boca Raton, Florida, home of Marc Leder, the Sun Capital Partners Inc. co- founder behind the takeovers of retailers Friendly Ice Cream Corp., Limited stores and ShopKo Stores Inc.
www.businessweek.com
Refinance When You Have a Second Mortgage
It's not easy to refinance your mortgage when you have equity debt. Here are the options.
www.foxbusiness.com
Private Equity Partners Rally Around Romney as the Antidote to Dodd-Frank
One evening in late September, Mitt Romney supporters gathered at the $3 million Boca Raton, Florida, home of Marc Leder, the Sun Capital Partners Inc. co- founder behind the takeovers of retailers Friendly Ice Cream Corp., Limited stores and ShopKo Stores Inc.
www.bloomberg.com
Equity Spent $5M Chasing Archstone Shares
CHICAGO- Sam Zell’s Equity Residential reported a strong fourth quarter Thursday in a conference call, though it lost about $5 million in a failed bid for a 26.5% interest in Denver-based Archstone . The trust still may try to put in another $1.3 billion offer, though Lehman Bros.
www.globest.com
Is a reverse mortgage the right choice?
Thursday, February 2 nd , 2012 Issue 05, Volume 16. A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral.
www.thevillagenews.com
Borrower has trouble after ex-wife refuses to sign quitclaim
QUESTION: In 2008, as part of my divorce decree and to pay off my ex-spouse, I applied for a "no-fee" low-interest home equity line of credit (HELOC). I also used the proceeds to pay off our old loan. I planned to keep the HELOC a short period until I could go back and switch to a conventional mortgage.
www.freep.com
Here's how NOT to use a line of credit
Family Finance: This couple is using their home equity line of credit as a revolving bank account, in effect 'letting their lender run their piggybank'
business.financialpost.com
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