Equity Loan - Ohh La La
Payday loan! Get your payday loan here! Fast, flexible, ubiquitous, dangerous, expensive payday loans straight off the grill! Oh hi! Welcome to Payday Loans To Go, and...what? You're looking for, for an equity loan? Oh man - are you in the wrong place or what! Ha ha ha hahahaha! No no no! Wait. Its ok to want to apply for home equity loans, its just that, well, most people have no idea what they are getting into, and at least with a payday advance the damage is minimal.
Big damage from the equity loan storm
You know, I wasn't always a payday loan connoisseur - I actually used to dabble in home financing. Yup - I was in the game for years, made a lot of money and watched a lot of people make a lot of money as well. But more people lost money, you know? And the biggest culprit had to of been equity loans. People would apply for an equity loan for all the wrong reasons - they needed extra cash, they wanted an additional level of support, they needed to buy a car at a time when thy couldn't afford the interest rates of auto financing. And eventually, the real world caught up with them.
You can never be completely safe form your equity loan!
- They're expensive, usually coming to around $30k and even at a low 8% APR your still paying about $2600 a year just in interest - and thats a lot.
- There is no guarantee you will use an equity loan for the initially intended purpose - its cash., cash you can use for anything just like payday loans but on a much larger and more tempting scale.
- And if you mess around too much and fall too far behind on your equity loan? Bam! THey'll foreclose on your house and you'll be out on the street, just another deadbeat asking for a free payday advance.
I've seen it a hundred times, and I tell ya I'm sick of it. Thats why Im here, and thats why I'm happy - at least when people fail with payday loans they can keep their homes.
Related Resources:
- E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ...
- Equity loan - Wikipedia, the free encyclopedia
- LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance
- Home Equity Loan Second Mortgage Line of Credit Rates Loan ...
- Home equity loan - Wikipedia, the free encyclopedia
- The Home-Equity Loan: What It Is And How It Works
- Countrywide Financial - Home Loans - Equity Loan Mortgages ...
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