Home Equity Mortgages in 2006

Denver, CO, January 11, 2006 – AIM Techs, a full-service Internet marketing firm, announced the re-launch of Easy Home Equity Mortgages at easyhomeequitymortgages.com. “The purpose of the site it to make it easier for homeowners with bad credit to convert their equity to needed cash,” says Mike Hamel, senior researcher for AIM Techs.

“Lower rates on home equity or second mortgages coupled with the rapid rise in home prices have led nearly two-thirds of all homeowners to take out home equity loans,” reports Catherine Reagor in The Arizona Republic. “And thanks to a steady buying spree boosting prices, Americans' home equity now exceeds $7 trillion.”

“A borrower with bad credit—a FICO score below 620—will have to get a subprime mortgage,” Hamel explains. “There are about thirty million Americans in this category, and Easy Home Equity Mortgages is designed to educate these borrowers and expedite the loan process.”

Experts point out that subprime second mortgages can actually improve a person’s financial standing if the money is used to pay off high interest debt such as credit cards. Another advantage is that the interest is tax deductible, up to $100,000 for taxpayers filing jointly.

“Easy Home Equity Mortgages allows clients to apply for a home equity loan without leaving home,” Hamel says. “The no obligation online application is quick, easy and confidential.