Applying for a Home Equity Loan Online
by: John Luciano
Home equity loan should only be used as the last resort to solve your financial problems. Before you take such a step, first and foremost make a zero line, monthly budget where every dollar has a name and purpose. Try sticking to this budget for 90 days then see where you are financially. Understand the personal finances are 90 percent behavioral. Learn to use a common sense approach to personal finances. Use cash for what you buy, live beneath your means and have a plan (budget). You tell your money what to do not your money telling you what to do.
After 90 days, your situation is not where you think it should be and you stuck to your budget, and then proceed to a home equity loan. Find someone you trust and that has a solid reputation before you apply for a home equity loan.
DON'T- Agree to a home equity loan if you know you don't have enough monthly income to make your payments.
* DON'T- Be pressured into signing anything you are unsure of.
* DON'T- Sign any documents in your home equity loan that you have not thoroughly read or that has blank spaces that are claimed to be filled in at a later date.
* DON'T- Sign the deed of your property over to anyone. Consult an attorney or someone you trust and has your best interest at heart.
* DON'T accept a home equity loan that includes extra products or any insurance you may not want.
Always remember, you must use a common sense approach to personal finances and learn how to be abnormal. Meaning use cash for your purchases live beneath your means and remember personal finances are 90 percent behavioral. This way of thinking will put you in a position to win.
John P. Luciano
smartinternet@cox.net
About The Author:
John P. Luciano
I use a common sense approach to personal finacing. Use cash for purchases and live beneath your means.
August 2006
Disclaimer: The information presented and opinions expressed in these articles are those of the authors and do not necessarily represent the views of BIZBUD.com and/or its partners.
Unless otherwise stated, the contents of this site are
Copyright © 2006 BIZBUD.com - All rights reserved.
Articles are copyright materials of their respective authors.
|
