Archive for the ‘Nonprofit’ Category

Facing the Financial Crisis | KETC | Home Equity Loans

FacingMortgageCrisis asked:


The only time you should consider taking out a home equity loan is if it will increase the value of your home. While taking out a home equity loan to help pay down other debt may help in the sort term, it is not a long term solution to a debt problem. Ifyou have more questions, you can call the United Way’s helpline at 1-800-427-4626 or 2-1-1 for information about trusted community resources in the Greater St. Louis area you can turn to.

Duane

 

Facing the Mortgage Crisis: The Next Steps, Using Home Equity Loans for other living expenses

ThinktvMortgagCrisis asked:


A panel discussion on the mortgage crisis at the Cox Media center.

Constance

 

Facing the Mortgage Crisis | KETC | Home Equity Loans

ketc9 asked:


From KETC’s Facing the Mortgage Crisis special on July 15, 2008: Is this a bad time to be taking out an equity line of credit? Yes, it is not a good idea to borrow against your house. There are various circumstances where you might want to get a small loan to do home repairs, but with the current economic situation, be cautious before doing so.

Catherine