Another Resource With Resources

I publish another blog in which I talk about the current credit mess and foreclosure horror story unfolding before us among other topics. I have a tendency to post resources that are free and immediately useable. Everyone is invited to take a look and decide for themselves.

For example, a post I made yesterday tells the difference between a home equity loan and a home equity line of credit. Some folks use these terms interchangeably when, in reality, they are quite different. If you know the difference between the types of loans, you can make a more informed decision on which one is right for you at that point in time.

One of the reasons many people got in trouble this go around is they didn't understand the loan they received. Having been a lender, I know first hand people will say they understand when they don't. This isn't good for the borrower or the lender. After all, the lender didn't wake up one morning and say lets make inappropriate loans to people so we can go broke.

Regardless, we are in a mess and one of the ways out of the mess is to become informed and then act accordingly. That way, we all win.