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Home Refinance Book Homepage
Reliable Home Refinance information
Can you refinance your loan without affecting your home equity loan?
Help with a home equity question ?
My husband and I have purchased a home, a year this June. Now we are not in any way in debt over our head but we would like to pay the existing debt of 8,500 its high interest debt, like 22 percent so this is why we wanna pay it off off plus have extra to go back to university since we can not qualify for a student loan. I am just lost as to know how much equity we could potentially have? Does it matter that in the last year we have sank 20,000 in upgrades? We bought the home for 212,000, our mortgage is at 210,000 as of now. With a combined incomes of about 85,000.00 We don't have the best credit but its not horrible. My brother in law told us as of today he would put our house on the market for 269900.00. So can anyone give me a clear answer? I am just so lost. Thanks again
I can get a home equity loan. This would cover my credit card debt of 15,000. Tax break?
If I take out a home equity loan at 8 % to cover my 15k credit card debt at 13.99 %. I will save in interest. But will I also get to write off a portion of the 8 % come tax time because it involved loan related to my condo? Thanks
Can you get a home equity loan, and then claim bankruptsy?
Was sent a truth lending disclosure after denied for home equity loan. Does this mean they approved us?
I don't understand why they would tell us that we got denied for our home equity loan, but then send us 5 pages of breakdowns on payments schedule and Anual percentage rate, Finance Charges, Amount Financed, and Total of payments. Also at the top of the page Estimated is checked and Final is left unchecked. On the second page it talks about Good Faith Estimate GFE .. it states on random pages about Understanding your estimated settlement charges, Understanding which charges can change at settlement, If the loan is sold in the future. Again.. it is dated on the letter a few days after we were told that we were denied, but did not hear of any changes in the decision by phone. We were sent this letter and my fiance called about receiving it. The gentleman said he would call back and never did. We are clueless. Does this mean that we are approved? D
Is it better to take out a home equity loan or take money out of a Tax sheltered annuity after age 65?
Is there a loan company out there that will do a home equity loan I have bad credit?
I own my home out right
Can house for sale be used to get a small home equity loan since.........?
since if the house was not for sale, the bank might have to force the sale of the house to get their money. And since the house is for sale, that is " how" they are guaranteed to get their money.why or why not?amounts you can borrow?payback periods?not looking to delay payments until house is sold, just looking for a loan so I can buy the smaller home before the other one sells. I'll basically have two deeds, stocks and other cash as collaterol.
Will my bank still give me a loan on my home equity line if I am under Bankruptcy?
How soon after Ch.7 Bankruptcy discharge can I apply for a home equity loan and get approved?
I was wondering how soon I could apply for a home equity loan and get approved. My Ch. 7 Bankruptcy got discharged in June 2009 so it has been a year. I'm just wondering because I'm sure the laws keep changing. I was told the day after it gets discharged and then I was told two years after discharge. So, someone who actually knows please help?
If i have a home equity account and my bank account says disbursment and i dont understand to whom this money?
Home equity loan , i need your advice?
Hi,My question is in regard to a home equity loan. We are selling our current home and have found an excellent deal on a larger house. The house was foreclosed on and we have a contract on the house for about $25K less than what the builder had in it e.g. our mortgage will be for around $258K and the builder's cost was $285K . The house was put on the market for nearly $360K and the houses around this one are going for above $320k, so my prediction is that we will have around $60 $80K in equity pretty quickly.I also understand that initial appraisals will be very conservative because some appraisers were sued when the housing bubble burst because some properties sold for far less than what they were initially appraised.All this being said, I have about $18K in miscellaneous debt and I would like to take out a home equity loan. I am going to try to take out $35K to consolidate the aforementioned debt and also furnish the new house after we close. Does anyone see a problem with me doing this? Also, how soon after closing on the house would I be able to do this?Thanks and regards
Home equity loan or new mortgage?
Here's my situation and I'm wondering if anyone has any advice I bought the condo that my boyfriend and I lived in for 3 years, and now we've been renting it out for 3 years. I have been working hard to pay it off, and it will be paid in full in about 2 years. Now at that time, or possibly before I am thinking of purchasing another condo for another rental property that will be approximately the same price as the value of my current condo possibly a bit more if I get another bedroom . My question is what should I do to pay for this new mortgage. Can I use the value in my current condo as equity, or should I get another mortgage altogether? I have heard of using home equity loans as investments, and using the interest earned to pay for the mortgage. Is this another possibility? Any advice would be greatly appreciated Thanks
Home equity line of credit?
My home is payed for and is worth 100k. I have a home equity line of credit on it for 69k. It is interest only and my bank want lock it for less than 10 percent. I've been paying interest only for 3 years. My credit score is 758. Any suggestions.
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