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Another Bubble?

Another Bubble?

Another bubble? Remember the Y2K non-event? Since then we’ve had the dot com bubble, the housing bubble and the stock market bubble. Now, there’s even talk of a bond bubble (and that’s not the next 007 flick). Stated simply, the “market value” of your bond holdings can drop if interest rates rise. I remember getting [...]

How a Home Equity Credit Line Works

How a Home Equity Credit Line Works

A home equity credit line, often called a HECL or HELOC, is a revolving line of credit that is secured by a lien placed against your home. Often, customers ask how a HECL differs from its sister, the home equity loan. When you get a HECL, you are approved to use it to a specific [...]

Should You Refinance Your Mortgage?

Should You Refinance Your Mortgage?

We have certainly been bombarded with bad economic news for some time. Starting with, real estate woes, then recession, unemployment, bailouts and the like. Bad news of course, erodes consumer’s confidence, and when consumers stop spending the effects are sure to be felt in the stock market.  That, coupled with growing problems in Europe and [...]

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