Anyone interested in refinancing in the next several months should seriously consider doing so now rather than later as a window is closing and waiting will create costly losses.

Most home owners would not dream of selling their bedroom or the bathtub in their bathroom, but when they take out the equity in their homes, they are doing just that.

Some national lenders are dramatically scaling back their home equity loan programs (reducing the available credit or just downright canceling HELOCS). They have their reasons for doing this, but we should take notice, and know better if we can avoid it.