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A home equity loan is a popular way to borrow larger amounts of money from a lending institution using your home as collateral. There are two terms that you should be familiar with when looking into taking out a home equity loan, they are equity and collateral. Equity is the amount of the money that your home is currently worth (appraised value), less any debt (mortgage).

Collateral means that when you take out a loan, you pledge something of significant value (in this case your home). Your home is a guarantee to the bank that you will pay back the loan. If you can not repay the loan, the bank can sell your home to recoup all its losses.

It is important to understand that putting up your home as collateral is a major reason why home equity loans are very attractive to lenders. Lenders find these loans very secure and because they are more secure than other types of loans they are able to give you extremely attractive rates. Usually home equity loans are at or a drop higher than normal mortgage rates. Plus in many cases, the interest paid for these types of loans are tax deductible.

Another reason they are attractive is that it allows home owners to borrow large sums of money, tens of thousands or even hundreds of thousands of dollars. You usually can't borrow that much money on a credit card or other type of loan. For instance, if you would like to renovate your home, go on a vacation of a lifetime, send your child or children to college or even use it as an investment or seed money to put down on other businesses, these types of loans can empower an individual very easily.

Home equity is also attractive to many homeowners because the repayment schedule for many of these types of loans can be 5 years, 15 years or even 30 years. For homeowners that would like to borrow large sums of money, but don't want to be burdened with large monthly payments, they make it very easy to budget monthly payments over a long period of time.

While home equity loans are extremely attractive loan products, it is important to make sure that they are right for you and your families specific circumstance. This loan is essentially a second mortgage and if you are unable to pay these types of loans, you can literally lose your home.

Connie Barker is the owner of several financial websites including those dealing with Bad Credit Loans, Personal Loans, and Online Loans

If the price of gasoline has got you scared, and youre thinking about maybe trading in your car for a moped, youve got half the solution right. It might be time to trade in your car, but forget the moped get a hybrid car instead.

The dictionary defines the word hybrid as: Offspring resulting from breeding between parents of two different species, and thats a good definition for our purposes. Thats because a hybrid car has a power plant thats a cross between a gasoline powered engine and an electric motor.

Whats the big deal about hybrid cars?

The automobile industry claims that a hybrid car can give you as much as 20 to 30 miles per gallon more performance than a standard gasoline engine. That means that you buy less gasoline, and buying less gasoline leaves more money in your pocket. Youll need that extra money, however, because hybrid cars are still relatively expensive compared to traditional gasoline-powered cars. As more hybrid cars are sold, manufacturing prices will drop, and that drop will be seen in the selling price.

How does a hybrid car save gasoline?

In a typical automobile, the engine is connected to the transmission via a mechanical link called the drive train. When the engines sparkplugs fire, they ignite gasoline vapor which pushes a piston up and down. This piston movement gets transferred to the transmission via the drive train. The transmission turns the wheels and the car goes down the road.

Well, the hybrid car is almost exactly the same except that in addition to the engine being connected to the transmission, an electric motor is also connected to the transmission. Actually, there are two different versions of hybrid cars. The one that was just described is called a parallel hybrid, because there are two different energy sources connected in parallel to the transmission.

The other type of hybrid car is called a series hybrid because the gasoline engine works in series with the electric motor to power the car. This is accomplished by having the gasoline engine either charge the cars batteries, or power the electric motor. The gasoline engine doesnt actually turn the cars wheels at all.

The parallel hybrid operates off of the electric motor when the car is being driven below a certain speed, and the gasoline engine kicks in when that speed is exceeded, or when sensors in the car indicate that the driver has accelerated suddenly as if to pass or to avoid an emergency situation.

Of course, the gasoline engine is always running even when the electric motor is powering the car, so some gasoline is always being used.

The series hybrid is always running off of the electric motor, which restricts the top speed of the car, and the gasoline engine only kicks in when the batteries need to be charged.

Like all automotive claims, your mileage may vary. Even so, if youre looking to spend less money at the gas station, and avoid much of the effect of rising gas prices, you might want to park a hybrid car in your garage.

Diane Nassy is the founder of http://www.save-on-gas-prices.com . Visit her website for great tips on ways to save on rising gas prices. Email : deeljeabiz@gmail.com