For homeowners facing high monthly mortgage payments, selling your house and walking away from the mortgage may be the only option.

Ben Bernanke made official the discount rate hike that rumors have said would take place this week, saying that it would go into effect on Friday. The move shows the need for the Fed to push banks to borrow from the short term private markets.

Your home might be worth more than you think.  A recent study shows that homeowners undervalue their homes, despite the fact that many home values have increased on average over the past year.

Currently on AIG Bank's Mortgage page, they have two limited time offers for first time mortgage and Home Equity Line of Credit (HELOC) borrowers.

While the housing market is in the doldrums the home improvement industry seems to be thriving. High unemployment and business failure rates have cut deeply into the pool of new home buyers

The Home Equity Line of Credit (HELOC) offers an economical way of consolidating debt, and financing college education, home improvements, medical expenses, and many other similar periodic financial demands

Many people have concluded that the HELOC is the best choice for financing home improvements, putting a child through college, debt consolidation or any of the other occasional heavy demands on funds beyond the regular household budget.

Many homeowners borrow money against their home equity without knowing all the facts first and end up losing their property altogether.

The current financial crisis poses many serious challenges for the average American citizen and high up on the list is the task of dealing with the burden of rising debt.

Credit card debt starts inconspicuously enough -- eating out every now and then, an occasional shopping indulgence, a quick weekend getaway for the family.