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4 Drawbacks of Home Equity Loans

By bob on August 30, 2011 at 2:57 pm | 0 comments

Taking out a home equity loan against the value of your property can backfire if you fail to avoid these common pitfalls in the borrowing process.

When you need a quick source of funds, a home equity loan can be tempting. Done wisely, you can use the lower-interest debt secured by your house to pay off debts with high interest rates, like credit cards. It’s also a good choice if you know exactly how much you need to borrow for a big expenditure like a new kitchen.

Lending Tips

Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011

By bob on December 30, 2010 at 2:06 pm | 0 comments

Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the NATIONAL ASSOCIATION OF REALTORS®.

Buyers Tips

Willard Scott Promotes Oil Free Beaches

FORT MYERS BEACH: In almost two weeks, eight television commercials promoting Lee County's clean, oil-free beaches have hit national airwaves. It is part of an aggressive marketing campaign from the Lee County Visitor and Convention Bureau. And today's ad had a little help from a big celebrity. We've introduced you to Dan; the "tourist" visiting a different Lee County beach in each commercial. "I'm here in Fort Myers Beach, Florida, continuing my mission to make sure all the beaches are clean," he said.