Archive for December, 2008
Monday, December 8th, 2008
Ray Tolley asked: In this article, we'll cover the benefits and disadvantages of home equity loans, home equity lines of credit (HELOCs) and personal loans. Whether you're looking for funds to finance a major expense or simply pay down consumer debt, this article can help you decide what type of ...
Posted in mortgage | Comments Off
Saturday, December 6th, 2008
Ken Charnly asked: A home equity loan allows you to borrow money using the equity in your home as security. By equity we mean the market value minus any mortgage or loan amount attached to it. You can borrow the money as a loan, as you have paid down the ...
Posted in mortgage | Comments Off
Saturday, December 6th, 2008
Andrew Bicknell asked: A mortgage refinancing home equity loan is simply a loan that you take out to pay off an existing mortgage with a new loan that is more financially friendly to your financial goals. The purpose of this type of loan should be to help you save money. ...
Posted in mortgage | Comments Off
Friday, December 5th, 2008
mazey1967 asked: I bought my home 4 years ago, and it appraised at $101,000. I bought it through a mortgage company, on a 30 year loan. Now that I can afford to pay a little more I'd like to redo my loan, and add my car payment ...
Posted in mortgage | 7 Comments »
Thursday, December 4th, 2008
ichabodisitchy asked: We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.
We've never had a home equity loan before, and I'm just wondering if we should go with the company that holds our ...
Posted in mortgage | 4 Comments »
Wednesday, December 3rd, 2008
mrjoe4jrh asked: I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?Give Your Kitchen A Makeover
Posted in mortgage | 3 Comments »
Wednesday, December 3rd, 2008
oh well asked: I am filing for bankruptcy and have negative equity in my home.Eileen
Posted in mortgage | 3 Comments »
Tuesday, December 2nd, 2008
Susan Jan asked: There comes a time in many people's life when we crave for more financial stability and wealth, but a limited fund prevents us from securing what we so earnestly desire. But if you are lucky enough to own a home already, this asset can provide you the ...
Posted in mortgage | Comments Off
Tuesday, December 2nd, 2008
chocolate cherry asked: My parents who are both deceased gave me the 1st option to purchase their home. I want to buy my sisters out and I want to know if it is better to get a new mortgage or can I borrow money from the equity in the ...
Posted in mortgage | 7 Comments »
Monday, December 1st, 2008
Steven James asked: Home equity loans and lines of credit usually are repaid in a shorter period than first mortgages. Home equity loans are attractive to borrowers for a few main reasons:They typically have a lower interest rate (or APR)They are easier to qualify for if you have bad creditPayments ...
Posted in mortgage | Comments Off
