The difference between a credit card and a home equity line of credit lies in the use of the home as collateral. There are various reasons why people borrow money against their most valuable asset:
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Toll Brothers Revenue Grows, As More Units Are Sold
3763 ViewsToll Brothers Inc., a home building company based in Horsham Pennsylvania, announced a 29 percent increase in its quarterly revenue due to the sale
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Housing Market Projects Are Looking Brighter for the Spring
2823 ViewsUnemployment, the high cost of just about everything and bills piling up to the sky..We have been facing all these problems for awhile now. The
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US Construction Spending on a Record Rise Despite Sluggish Economy
1680 ViewsU.S construction data shows an unusual rise in spending despite the overall slowdown in the economy. Construction spending surged to an annual rate
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Varying Views of Economists on Falling Oil Prices for Home Construction
1330 ViewsFalling oil prices on housing has been one of the most controversial topics for economists. They view such idea from different perspectives. Some
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Freddie Mac Maintains Positive Outlook amidst Housing Market Problems
250 ViewsThe economic outlook, as seen by the economists of Freddie Mac, shows worrying signs of less than optimistic employment results and overall slowdown
Read more ...The Purchase of New Vacation Home: A Rush Decision?
146 ViewsA great summer vacation often gives people the feeling that what they are missing is a dream summer house of their own. Last year had an
Read more ...Home Prices Enter Moderate Trend
32 ViewsAfter last year’s sharp gains, the increase of US home prices seems to be slowing down, according to the results reported by major real estate
Read more ...Peak Sales for Existing Home in July 2014
65 ViewsSo far this year, July registered peak sales for existing homes, according to the National Association of Realtors® (NAR). Sales increased 2.4% from
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Major Drop in the Rate of Unemployment – is it too good to be true?
52 ViewsThe US employment data for June have exceeded expectations, and the news has been released on a “Jobs Thursday”, in anticipation to the
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Rise in Mortgage Applications with Higher Purchase Volume
984 ViewsFor the third consecutive week, there has been a rise in mortgage applications due to the increase in purchase volume. Peak levels were reached in
Read more ...The Jobs Report and the Rise of U.S. Mortgage Rates
123 ViewsWhile all the market players were keeping their fingers crossed for the jobs report, U.S. mortgage rates rose. The increase occurred based on the
Read more ...Jumbo Mortgage Rates
98 ViewsWhat is a jumbo loan? As the very name suggests a Jumbo Loan is one that exceeds the conforming loan limit. The amount of money that you can
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