Monthly Archives: August 2010

Using Home Equity to Reduce Bad Debt

Used properly, home equity can be very useful for homeowners wanting to get out of debt. What? You say I should go into debt to get out of debt?  Well, actually, Yes! If done correctly, leveraging debt can work to … Continue reading

Posted in Foreclosure Advice, Mortgage Problems | Tagged , , | Leave a comment

Going Into Debt to Get Out of Debt: The Dangers of Second Mortgages

Under the right circumstances, home equity can be your own personal golden goose. If you’ve lived in your home for some time and benefited from a rising local economy or made extra payments to reduce your mortgage quickly, you’ve created … Continue reading

Posted in Mortgage Problems | Tagged , , , | 1 Comment