Home Loan Mortgage Refinancing vs Home Equity Loan?

 If you are considering borrowing against your home's equity, then you have two main options. One option is to do a cash-out refinance of your current mortgage. The other options is to take out a second mortgage, either a Home Equity Loan (HEL) or a Home Equity Line of Credit (HELOC).  Depending on your particular situation, one option may be better for you than the other.

Small-business owners now see bank loans as their primary option

Small-business owners seeking funding now see bank loans as their first option, not business credit cards, says a June 2012 Pepperdine University study, reversing the findings of the same survey in 2011, when credit cards were seen as the business owners' first choice for loans. Business owners turn to bank loans, not business cards, for financing

Mortgage Rates To Hold All-Time Lows Ahead

Mortgage Rates were roughly unchanged today, essentially fighting broader bond market weakness in order to remain in all-time low territory.  With an early close for markets today and the Independence Day holiday, it wouldn't have been abnormal for lenders to be a bit more conservative in terms of pricing.  Indeed some lenders were weaker today, but only slightly.  On average, things remained right where they were yesterday with 30yr Fixed Best-Execution firmly into 3.625% territory and some lenders in 3.5% territory.