Home Loans

Mr Mortgage on Loan Mods, TARP & Home Sales

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The only time you should consider taking out a home equity loan is if it will increase the value of your home. While taking out a home equity loan to help pay down other debt may help in the sort term, it is not a long term solution to a debt problem. If you have more questions, you can call the United Way’s helpline at 1-800-427-4626 or 2-1-1 for information about trusted community resources in the Greater St. Louis area you can turn to.

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http://www.investigativeguy.com/

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April 12 (Bloomberg) — Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may have to set aside an additional $30 billion to cover possible losses on home-equity loans, an amount almost equal to analysts estimates of profit at the three banks this year. Bloomberg’s Monica Bertran reports. (Source: Bloomberg)

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