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1). Auto Financing Online More and more consumers are getting their auto financing online instead of from the dealerships where they buy their vehicles. Getting auto financing from a dealership has some benefits: • Convenience – vehicles and financing are in one place and the dealer is motivated to find financing for buyers, no matter their circumstances. 2). Credit Repair More than 30 million have credit problems cause by everything from late payments to bankruptcy. The American Bankruptcy Institute reports that, “The number of bankruptcy cases filed in the 12-month period ending September 30, 2005, totaled a record 1,782,643.” Whether it’s brought on by personal illness, the loss of a job, or overspend... 3). Home Equity Loans Make Financial Sense The optimum word in “home equity loan” is equity. Start with the fair market value of a home, subtract the mortgages (first and second) and any liens against the property, and what you have left is the equity. This equity can be used as collateral to secure cash in the form of a loan or mortgage. The amount borrowed is based on a perc... 4). Second Mortgage a Good First Step A second mortgage can be the first step to climbing out of debt, especially for homeowners who have bad credit. A second mortgage is a loan taken out in “second position” on a property that already has a mortgage. There are fixed-rate loans, adjustable-rate loans and home equity lines of credit (also known as HELOCs). Fixed-dollar-amount mortgages ... 5). The Right Time for Mortgage Refinancing If interest rates have dropped by a percentage point or more since you got your first mortgage, refinancing could save you big bucks. And if you have enough equity so that your new mortgage is for less than 80% of your home’s value, you’ll be able to stop paying Private Mortgage Insurance (PMI), which will save you even more. Mortgage ...