Velocity Finance - What's New Archive (June, 2005)

What's New > June, 2005 What's New Archive

Thursday, June 30, 2005

This update is less about mortgages than about the money you put into your home loans. Home equity - it ready and waiting for all home owners, sometimes instantly. With any down payment amount and today's high appreciation rates you stand to access home equity loans faster than you may think, and faster than you possible should. Second mortgages will need to be repaid right along side your initial home mortgages, so be ready for that additional monthly expense. Also, unlike your first home mortgage, you need to be 100% sure that your home equity loan will either make you additional money in amounts greater than the interest or save you money on debt consolidation and making outside purchases with a lower rate. Think twice, loan smart, and take your home finances to the extreme with VelocityFinance.