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Tag Archives: mortgage

Refinancing Mortgage Before Balloon Payments

If you have a balloon payment coming you may be looking at refinancing your mortgage as soon as possible. Most homeowners consider signing on to a mortgage agreement consider a balloon installment risky and therefore would never get a mortgage like that.

Definition of Financial Acronym HELOC

HELOC is the acronym for Home Equity Line Of Credit. This is a more common home equity agreement than the HEL (Home Equity Loan) whereby the bank provides you with a line of credit based on the equity you have in your home. A HEL should not be confused with a HELOC.