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Yielding Wealth | Personal Finance

April 14th, 2008

Exchanging Unsecured Debt for Secured Debt

Over the weekend, I wrote about how my credit card company is trying to get me to refinance my home with them, and take out some cash. For me, this is an obviously foolhardy move. Such offers usually go straight through the shredder.
But Sean left a comment that I feel is very pertinent to the […]

By miranda -- 0 comments

November 14th, 2007

Retirement Planning: Reverse Mortgage

One of the more interesting retirement planning options is the reverse mortgage. With the importance of passing a home down from generation to generation diminishing, fewer retirees worry much about the equity in their homes. And this is creating a drive for a popular product known as the reverse mortgage.
Reverse mortgage
The reverse mortgage is kind […]

By miranda -- 7 comments

August 6th, 2007

Home Equity Loan Debt Consolidation

One of the more popular modes of debt consolidation is using one’s home equity loan. Debt consolidation can be an effective debt management technique, and it can be a good part of a debt plan that is made to get out of debt fast. However, a home equity loan debt consolidation can be a risky […]

By miranda -- 0 comments