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Home Refinance Book Homepage
Reliable Home Refinance information
Should i open a home equity loan to pay off my credit cards which are about 20k?
Can your creditors put a lien on your home equity , assuming that's the only asset you and your wife have?
Credit card debts belong to only one spouse.
Is it a wise move to pay off a credit card with an int rate of 13% that has a $4500 bal with a home equity?
The home equity has an interest rate of 3.5 %
Can't refinance without a job? Nor home equity loan? Divorced? Its complicated.?
I have a divorce settlement that left me with my house and my exwife relinquished the home. I have a tenant who pays my mortgage and everything is fine. Its just that when i want to make a move likerefinance, I am pretty sure i cant because i dont have a job unemployed . Also i would like to get a home equity small loan but i feel like again it will be the same thing. Should it be this difficult for a home that is in good standing, i have great credit too. One of my problems is that the divorce doesnt take wife off of note. I even did a quit claim but still i am told i have to refinance to get her off the loan. But i cant refinance cause im not working.....do i got the vicious circle right or should i try a different banker?
Should I open up a home equity loan or transfer to new credit card?
I have $5k on my current credit card that has high interest, I'm asking should I look at opening a home equity loan or transferring to another credit card with lower interest rates
Is it possible to add to an excisting home equity loan while collecting voluntary temporary unemployment?
We are being sued for not paying our home equity LOC, please help?
Thanks in advance for responding..... We foreclosed our home last year due to financial hardship. We tried numerous times to work out a deal with the bank but they were unable to work something out with us. When my hubby not together at the time bought the house, the Realtor financiersomehow convinced him to buy the house with a HELOC of 30,000 along with the first mortgage Since then, there have been many financial reasons for not being able to pay a $1600 month mortgage. Realistically we could only afford $950 tops. He was offered a debt settlement option awhile back which of course would have been a solution worth doing, however, we don't have thousands of dollars laying around. Now he is being sued for the HELOC and we have 20 now less days to get a lawyer should we choose to. My question is, would I be contacting a lawyer in Real Estate Law or what kind of lawyer do we need? Has anyone been in this type of situation and if so, would you please share your experience with me? Is it worth finding a lawyer we cannot afford a $400 payment every month for the next 12 years. Are there other options available or will they basically just start garnishing his wages? Any info would be greatly appreciated thanks
What is the process of getting a home equity loan? Risks? Best reasons to get one?
Can I wipe out the home equity line of credit with bankruptcy after the first mortgage is modified?
I recently lost my home to a foreclosure, with an existing home equity loan that I may also default on..?
My home equity loan is at 15 % and I'll never be able to pay it off. Since Ive already lost my home, does it make sense to just walk away from the equity loan? Perhaps negotiate a settlement? Hire an attorney? Anyone have any experience here?THE EQUITY LOAN IS ONLY 15K....so its not too bad...but since my credit is already trashed from the foreclosure, what is my incentive to continue paying this off even thoguh the house is gone. Secondly since the lender had a lien on the home, how would I know if they got any payment and aren't screwing me over?
What is the normal/max that a lender will lend on a home equity loan if?
The house appraises for 111,000. I am looking to add on and other remodel jobs.Oh yeah, forgot to add that DUH house is paid for free and clear Thanks to every one that was smart enough to assume that is what I meant.
How much of a home equity loan will we be able to get?
In 2001 my fiance bought our 3 bedroom ranch house for $80,000. At that time, our house appraised at $84,000. We have made improvements such as water softener & purifier 2001 , new roof 2003 , new tub surround & toilet 2004 , new windows in master bedroom 2006 , new carpet & tile throughout 2006 , water proofed the basement 2010 . We now owe around $55 60,000. We want to add onto the house, expand the kitchen dining room, add a full bath, & add a bedroom. One contractor thinks it will cost $50 60,000 to do this. He makes around $55,000 yr. How much of a home equity loan do you think we'll be able to get? If we can get a home equity loan, will we be able to keep it at 5 % which is the interest rate on our 15yr home mortgage ? If you don't think we could get that much for an equity loan, is there some other loan we may be able to get?
If Home Equity loan interest is deductable for my house for rental?
1. I have one old house $200,000 market price and I already paid off two years ago. Now I am going to buy a new house $300,000 .2. I want to make $100,000 as home equity loan from my old house and pay this $100,000 to my new house.4. this equity loan interest rate is 5 %. So, one year interest I should pay is $60003. After I move in the new house, I want to rent out the old house. 5. This old house rental may be $1500 Month. So, the total rental for one year is $18,000.6. for the old house, the property tax is $5000 the insurance is $1000. my question is thatis that $6000 can be counted as cost of rental tax deductable ?Thank you in advance.Thanks all and it looks like a very complicated tax issue. I would read all answer carefully. The purpose of this $100,000 equity loan against the old paid off house is to pay the new house loan. just re state it.
Home Equity loan in Collections. House already foreclosed.?
I foreclosed on my home 2 years ago. The primary loan deficiency was forgiven and I got the appropriate tax forms to show that. All set there. I also had a 66K home equity loan with another bank and I just got notice from a collections agency they are trying to collect. I know the bank charged off the account. I have no way to pay that amount, what are my options? I know at the time we were trying to short sale the home, the equity holder agreed to $1000 to release the deed. Thanks for your help
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