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Wednesday, November 7, 2012

Questions and Answers-Home Equity Loans

Posted by at 11:57 PM Read our previous post
HELOC ,Home equity loan, or Nothing?
I have to refinance my ARM in one year(not for bread back but to lock in at a fixed rate) Should I hang around until after I do that to get a loan(for home improvements and vehicle)? My mortgage guy says "no" That I could procure the loan now and it would just receive tied... 


HELOC or Home Equity Loan on Investment Property?
I own a house outright in another state (TX) and would like to appropriate out a HELOC against it to help with a down reward for a house to live in here in my home state (CA). It seem to make sense because the interest rate is lower than taking out a...

Hispanic near denial home equity and low-income - foundation for loan approval?
A home-equity loan was approved even though the home had negative-equity and the clan was low-income(both can be proven). Lender did not consider the children as liabilities, even though the 1040 shows them. Husband is Hispanic and employed, wife is non-hispanic and she is on the dole. Wife was...

Home Equity Loan?
Im thinking of getting a home equity loan, and with the money pay some debt bad plus make home repairs. Is it a better idea to payment off old debts surrounded by full upfront, or, pay them off leisurely?( keeping the loan-money available for a longer time) If you are getting a loan and not a line...

Home advance and equity loans surrounded by Ontario. So confusing, please assistance!?
We currently have a 1st mortgage with Resmor. We would approaching to renovate (and insulate) our second floor not only to accomodate heating costs but to bring within a boarder to help offset our costs. We stipulation about $15K. Our finances haven't been the best contained by the...

Home appraised 132,600. Balance 43,260. Credit federation will loan 70% of appr good point. How much $ home equity loan?
You will need to do a seller fetch back, lease option or a subject to purchase. Otherwise, if you purchase the home at 70% of the appraised convenience (whatever that number is), that purchase price becomes 100% of the...

Home be flooded by Hurr. Ike. I hold a home equity loan /force-placement Ins. How can I go and get a policy to read?
My home was flooded by Hurricane Ike in Texas. I hold a home equity loan with a credit union. My homeowners, flood and twine insurance lapsed. The credit union took out force...

Home equity file of credit or Installment loan?
If I want to pay my credit cards and I own a home should i take a home equity procession of credit or Installment loan and why should i take that one? You want the best after tax deal. The home equity procession interst is tax deductibe on loans up to...

Home Equity Line of Credit at 90% Loan-to-Value?
Do u know of any banks/lenders that do Home Equity Line of Credit at 90% Loan-to-Value in CA? thanks! These giving of loans disappeared with the sub-prime mess. You would be wise not to progress so far into debt. Home Equity Line of Credit is a great way to go if you use...

Home Equity Line of credit Or Second Mortgage Loan which is better ?
I am confuse in home equity loans next to second mortgages. Second mortgages and home equity loans can be used for the purpose of cashing out equity in home; This confusion, it seems to run deeper. The purpose of a home is to own a house in which...

Home Equity Loan - How is amount available determined?
I am looking into getting a home equity loan to consolidate some debt. I just read that banks will use the less significant of the purchase price or the appraised value in determining how much to lend you. Is this right, or do they really use the difference between the appraised good...

Home Equity Loan (reputable company)?
I own my house. No mortgage at all. Have fair credit.Does anybody know of a moral place to get an equity loan with fixed rates. Contact your ridge and review your options. An equity loan is just a mortgage beside a different name. You may be better off near a mortgage but someone at...

Home Equity Loan / Second Mortgage?
Anyone have a good association to learn more about them? simple answer is home equity loan is a second mortgage. it is a line of credit that can be paid down and used over and over again, a fixed rate second mortgage act like a typical mortgage where you appropriate out x number of...

Home Equity Loan ??
Where can I get a home equity loan of $10,000.00 dollars. On a home thats worth $150,000.00 with no mortgage thats fully compensated for.. Credit is not so good and on fixed income. Please dont tell me a ridge.. Been there tried that. Thanks, David Hey David, if your over 62 you can get...

Home equity loan a honourable risk to repay stale doomed to failure debt?
We have terrible credit and would close to to pay off adjectives of our debt and start fresh. We own our home and have probably about $40,000 within equity. We'd like to refi the house, take the equity out and settle up off our debt -...

Home Equity Loan After Divorce?


My fiancé is in the process of obtaining a Home Equity loan however his ex-wife is still on the work. At the time of divorce she waived her rights to the property and a Quit Claim Deed was completed. The lend company has told us that as long as she is still...

Home Equity Loan and Consolidation Loan Difference?
What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report? For matters pertaining to equity the authority that I go to is Marian Snow - best-selling author of "Stop Sitting on Your Assets". She parley about how to let your equity work for...

Home Equity Loan and Resale of home?
I would like to put my house up for sale, but I would close to to do a few home improvements such as new carpet and repair privacy barrier. How would take out a home equity loan effect the sale of my house within the long run? "> Are you interested in buying or...

Home equity loan and taxes? ?
What taxes do I have to pay if go and get a home equity loan? What taxes are there on the actual money on home equtiy loan? I am about to obtain one and cant find this info anywhere on the web! Your help would be EXTREMELY compassionate! Thanks,...

Home equity loan and taxes?
What taxes do I have to pay on the home equity loan if I seize one? You don't. You actually get to use the interest compensated on the equity loan as a tax deduction. You may enjoy to pay some closing costs (recordation fees, etc.), but that is nearly it.

Home Equity Loan beside not so great credit?
My husband and I just purchased our first home about a month ago. Because of our credit mine anyone 590 his being none. We had to put down 20 percent of the significance of the. We want to get a home equity loan but have have no luck finding a lender any suggestions?...

Home equity loan beside unbelievably bad/no credit ?
Hi, I Have came into a rather massive amount of cash, and I will be buying a house with it but I also want about $20K to keep to expand my business. The house I want to buy is a forcloseure, and it is priced $40K below tariff value. it...

Home Equity Loan beside Washington Mutual?
Hi, I got a home equity loan with WaMu more or less 5 years ago and the amount they require me to pay monthly is interest only. I wonder if anyone have this kinda loan and whether the bank require you to pay sour the whole amount in absolute amount of time? If...

Home equity loan but cant use it to buy another home?
i went to the bank and asked for a loan of 35k but they said i couldnt buy another homew near that money only fix my currrent one is it illegal if i still buy it and recompense cash with the bank money "> i guess this article answer your...

Home Equity loan can I discount from my taxes?
When I got the home equity loan 4 yrs ago it was for 20% over the meaning of the home and I used not deduct the intrest from the loan on my taxes. In the last 4 yrs the home merit has gone up and both my mortgage and equity loan...

Home equity loan comfort?! Anyone financial!?
Okay I know that without specific numbers no one can really answer this ask. But I just want to know how much more a monthly mortgage payment will be if a home equity loan is taken out for home repairs. Here is what I know so far: The house is appraised for 208,000. I dont...

Home Equity Loan Comparison?
Is there a good site to compare rates on home equity loans? Try http://www.bankrate.com/ SURE, I found interesting information about your HOME LOANS & option here. Good http://all-debt-consolidation-loan.blogs… luck! There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued...

Home Equity Loan Credit?
Whats the best place to get a home loan - other than a sandbank? I'd try a site with many companies similar to http://homeequity-linecredit.com/ where you can compare interest rates and other costs.

Home equity loan deductible?
What is the maximum amount of time you can file your interest from a home equity loan? Also, if you do not file it, would it business? It pays to read the small print -- especially when it reads: "Consult your rates adviser." Those words accompany almost every home equity loan or queue of credit solicitation...

Home equity loan denied. Any advocate?
To make a long story short I applied for a home equity loan and was decline by B of A. My credit scores are a 790, 812 and a 680. The 680 was so low b/c of an AT&T charge past its sell-by date that was never mine (the SS# was one digit sour from...

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