Archive for November, 2008

What is the difference between a home equity loan and a home equity line of credit?

Sunday, November 9th, 2008

Heidi asked: We need to get access to $30,000, but not sure of the exact amount. Would it be enough to have the home equity line of credit?Give Me The Steps Of CPR

Be Knowledgeable Enough About Home Equity Loans

Saturday, November 8th, 2008

Stephen Campbell asked: After a number years of your home purchase, a reasonable amount of equity builds up in it. Availing a loan against the equity available in your home is known as home equity loan. Being secured against your home a home equity loan diminishes the risk of the ...

Should we roll our second home line of equity loan into our first which we are refinancing?

Thursday, November 6th, 2008

tennis asked: We are refinancing our first mortgage. We have a second which is a home equity line of credit at 7.78% We can probably pay it off in 10 years. Should we roll it into our first and refinance both at 5.20% for 30 years? ...

Poor Credit Home Equity Loans - What Are Your Options?

Sunday, November 2nd, 2008

Carrie Reeder asked: If your credit is less than perfect, you probably think that it is impossible to get approved for a home equity loan. However, thousands of people with poor credit are able to get loans. Because home equity loans are secured loans, lenders are willing to offer money ...

Can you get a home equity loan even if you already got a second mortgage?

Saturday, November 1st, 2008

patsy m asked: My credit is not good right now because I have a lot of medical bills that I have to pay off along with some other debts. But I do have a lot of equity in my home. I need to know how can i get my equity ...