Monday, December 29th, 2008
A home equity loan does have some pluses. Compared to other forms of borrowing, it is easier to get, comes at a lower interest rate, and has tax advantages that other loans don't. It can help borrowers clear up outstanding bills while leaving them with a single monthly payment at ...
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Monday, December 29th, 2008
Another pitfall is predatory scammers. The Federal Trade Commission warns about, "Unscrupulous lenders (who) target older or low-income homeowners and those with credit problems. These lenders may offer loans based on the equity in your home, not on your ability to repay."
Avoid lenders who tell you to falsify information on ...
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