A manufactured home equity loan is the amount of money that a homeowner can borrow against the existing equity in their manufactured home. These types of loans do normally have a $100,000 limit but the interest paid on the loan is deductible on the homeowner’s income taxes. There are two general types of equity loans available; a fixed rate loan or a line of credit loan.
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Archive for June, 2011
Disadvantages of a Manufactured Home Equity Loan
Wednesday, June 29th, 2011What is Life Insurance?
Wednesday, June 29th, 2011Life Insurance is defined as a contract between the policy owner (yourself) and the named insurer (whatever company you choose). Once a contract is reached the insurer agrees to pay a specified sum of money to the stated beneficiary upon the death of the insured individual. In return for this the policy the owner agrees [...]
Rome wasnt built in a day!
50 U.S. Health Care Statistics That Will Absolutely Astonish You
Wednesday, June 29th, 2011The U.S. health care system has become one gigantic money making scam, and you are about to see the statistics that prove it. Today, the United States spends more on health care per person than any other country in the world by far. The health insurance companies and the big pharmaceutical corporations are raking in [...] …
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Mortgage Post Closing Audit: Protect Your Assets and Your Business
Sunday, June 26th, 2011Once you enter into a mortgage agreement with a borrower, you may still want to conduct other financial transactions with that particular financial instrument. In particular, you may want to sell the loan to another lender so that you can regain liquid capital a bit faster. Unfortunately, if all of your documents are not in order, or the borrower shows signs of defaulting, you may not be able to resell the loan.
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Help: I Missed the Tax Deadline
Sunday, June 26th, 2011Thousands upon thousands of people miss the tax-filing deadline every year. Believe it or not, many of those people choose to not even file, risking future trouble if they are ever audited. If you are one of those people who missed the tax deadline this year, then there are certainly many available options that will [...]
maybe this will change things
You know you’re from SoCal if
Sunday, June 26th, 2011You can’t say words that have more than 2 syllables. You ask people questions about their personal life, and they answer! You’re gorgeous. You think you’re fat, but you’re 5’10″ and 98 lb. You also keep telling people that you’re so fat whenever you eat something. You know all the celebrity gossip. And all the [...] …
how does this impact my state
Struggling Housing Market Means Lower Rates
Saturday, June 18th, 2011Refinancing your home in this housing market is a tricky endeavor. You want to get the best deal and save the most money, but your home isn’t bringing in the same appraisal as it once did. The government is putting plans into action to help homeowners who are finding themselves upside-down in their homes. Interest rates have dropped in an effort to boost the housing market.
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Keep An Eye on Portage Resources
Saturday, June 18th, 2011Portage Resources is a mining company that resides in Peru. Why are we telling you to keep an eye on them? Well for one thing they look to be a pretty hot stock right now POTG, this according to several notable stock websites, and they are also opening a mine in Peru. In case you [...]
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Don’t Let Life Pass You By With Regrets
Saturday, June 18th, 2011Once a quarter, I try and learn a new song on my trusty 12 year old Martin acoustic guitar. I’m already behind. Some are impossible to play, and others are impossible to sing. This time around, I stumbled across a song that not only is easy to play, but also possible not to butcher. The [...]
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Deciding on the HELOC Loan
Wednesday, June 15th, 2011Sometimes we all need a line of credit to cover a range of expenses such as college fees, home repairs, medical bills and so on. Tapping into the equity of our homes via a HELOC can be a very smart, cost effective way to leverage the capital growth and enjoy the benefits. However, it can backfire and cost us everything, including the kitchen sink and the kitchen the sink sits in.
this is so true