Shop Home Equity Lenders for House Improvement Loans & Home Equity Credit Lines for Good and Bad Credit

Home Equity Mart is your secure source for Low Interest Rates on Credit Loans and Equity Line of Credit Quotes. Find out why consumers keep coming back to HEM for equity loans, HELOC's and 2nd Mortgages for cash back and construction financing. Our company was founded by a group of prominent lenders from Florida and California in 1999. The mission at Home Equity Mart is simple, we offer superior home equity credit loans. Our goal is to facilitate your search for the exceptional lenders that approve elite home equity loan products for consumers looking for the best possible home equity interest on equity loans, and home credit lines for all types of credit.

 

As advertised, we offer no cost home equity credit loan quotes online and there are no hidden fees or agendas. We will direct you to the leading home equity broker and mortgage lenders who provide fixed rate 2nd mortgages and variable rate equity credit line solutions in your local region. If you are looking to refinance an adjustable rate line of credit and lenders keep turning you down, consider an equity loan modification. If you are a first time home buyer purchasing a home, consider Bridge Mortgages for 100% Home Loans. After you close on the first mortgage, we can help you with a line of credit or the 203K for financing home improvements. Even if you have no home equity we have financing solutions for home remodeling, rehabilitation and renovation. Guidelines for home equity credit loans have changed in recent months with many of the requirements easing.

Whether you bought your home with a FHA insured financing or a conventional house loan, we can help get you access to a home equity line of credit or an installment 2nd mortgage.

The Federal Reserve Lowers Key Interest Rates Again, Spurring Rate Cuts and Lower Payments for Borrowers who have Home Equity Credit Lines.

Finally some good news for homeowners that took out home equity lines of credit in the last few years. After years of mortgage rate hikes, the Fed has finally swung back the other way, so borrowers actually have lower monthly payments if they have an adjustable rate equity credit line currently. Many experts believe that the Federal Reserve will once again lower key rates for a third time. Home Equity Wholesale introduced a credit line at Prime minus 3 for an introductory 6 months. Get more mortgage news.

Adjustable Rate Home Equity Credit Line Options - a Niche in the Home Loan Industry

Anyone who thinks that adjustable rate mortgages and variable rate home equity loans don't have a niche in the mortgage market, should think again. Loan officers, underwriters and savvy consumers also call adjustable rate mortgages ARM's. Variable rate loans have significantly increased in popularity over the last few years, with the advent of loans like the payment option ARM, and the interest only loan that offers a fixed interest rate for a period of 3, 5,7, or 10 years before converting to adjustable rate loans. Clearly ARMs have a place in the mortgage industry, but they should not be abused, and borrowers should know exactly what they are getting themselves into.

Good loan officers will discuss and consider factors such as how long you plan on dwelling in this house and how much of a payment you can afford each month for a mortgage payment. Be careful getting yourself into an adjustable rate mortgage just to qualify for a home loan. You should be able to afford the fully-indexed home equity loan payment so that when the intro fixed rate converts to a variable rate you will be able to afford the new mortgage payment. So you may want to consider purchasing a house that cost less if that is the case with you. For the complete home equity article

Home Mortgage and Interest Rate Trends: Analyzing Refinance and Home Equity Loan Rate Projections - by Mary Stras

Alan Greenspan was the Federal Reserve Bank Chairman for 20-years as he helped formulate economic policy that spurred the biggest increase of homeownership in American history. The Fed controlled the rates at which banks lend money to their prime customers. The Federal Reserve dropped loan rate that were previously lowered by Alan Greenspan in an effort to control the growth of the economy.

If he believed the economy was growing too fast and inflation would follow, the prime rate was raised and conversely if the economy was slowing down the rate was lowered to stimulate it. As a result banks and other home equity lenders, in order to hedge themselves against changes in the interest rate, began lending money at variable and adjustable rates. According to the Home Equity Loan Center headquartered in Los Angeles California, "The credit guidelines have changed for home equity loans because too many borrowers have defaulted on second mortgage liens." Since the borrower wanted protection against very rapid rises in the rate on his mortgage indexes were used as a measure to increase and decrease the interest charged on second mortgage loans. Some of the more commonly used indexes are the prime index, MTA, Libor, COFI, and U.S. Treasury Bonds for one year. All of the above indexes with the exception of the LIBOR are indirectly tied into the prime rate set by the Federal Reserve Bank. For the complete article.

More Home Equity Information

• Lending Requirements for Home Equity Loans and Lines This Year
• How to Finance a System with a Home Equity Loan