Archive for October, 2008

How does home equity loan qualification works if you’re self employed?

Thursday, October 30th, 2008

smiling_chicka asked: I am self employed and want to get qualified for home equity loan. What are the qualifications lenders look at. What do I need to show them and have? Been trying to find out on the net, but can find any good resources. If you know any and ...

would you take out a home equity loan for cosmetic surgery?

Wednesday, October 29th, 2008

southern belle asked: I want implants and I don't want to wait for them any longer. I don't want to get a credit card or anything because I have two I am trying to pay off. Would it be foolish to take a home equity line of credit?Heat ...

Home Equity Loans: Financial Aide Against Home Equity

Tuesday, October 28th, 2008

Dina Wilson asked: You may have heard the term home equity loan but are not really sure whether this type of loan will work for you. The first step is to understand the concept of home equity.Equity is the worth of your home after reducing the amount to be paid ...

Is there a rule of thumb for how long you have to wait to take out a home equity loan?

Thursday, October 23rd, 2008

stoby8 asked: We just settled on our house last week and would like to do some repairs on the house. We don't have the cash, but would like to take out a home equity loan, but weren't sure if there was a "grace period" or something similar before you ...

Can a fixed home equity loan drop my credit score?

Tuesday, October 21st, 2008

happydawg asked: I requested $10,000 dollar home equity loan to roof my house. My FICO score was 780 until approx March when I applied for a home equity loan at a fixed rate. Now my FICO score is 740. What happened? I am never late on any ...

If I purchase a home in all cash would I get a mortgage or home equity loan?

Saturday, October 18th, 2008

ace3408 asked: I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be considered a mortgage or a home equity ...

Home Equity Loan vs Home Equity Line of Credit

Thursday, October 16th, 2008

Daniel Riley asked: There are advantages and disadvantages to both home equity loans (HELs) and home equity lines of credit (HELOCs), making the choice between the two dependent on your unique needs and circumstances.Amount You Can BorrowBoth home equity loans and lines of credit allow you to borrow up to ...

whats the difference in a home equity loan and a line of credit?

Wednesday, October 15th, 2008

rtdozing asked: I know what a home equity loan is but not sure about a line of credit-which one would you recommend?Shane

I was wondering: why not take a home equity to pay off mortgage?

Tuesday, October 14th, 2008

Ladybug NH asked: We have a $200,000 mortgage on a house that is worth $300,000. I was thinking about refinancing, but noticed that a home equity line has a lower interest rates APR. If I take the equity line and pull out the full amount they will give me (the bank told ...

Bad Credit Home Equity Loans

Monday, October 6th, 2008

Thomas Lonsdale asked: Bad credit home equity loans are special home equity loans available to people with a low credit score. If you have been eyeing a new home or wish to take a new loan to pay off high interest debts, then bad credit home equity loans are something ...