Archive for March, 2009

Can a county recorder of deeds charge a fee to release a lien after I paid off my home equity loan?

Tuesday, March 31st, 2009

homer simpson asked: I recently paid off a home equity loan. Now the lender sent me a letter saying I need to pay them a fee of $43.50 because that's what the County Recorder of Deeds is charging to release the lien on my property. This doesn't make sense to me. ...

Can someone add names to a home title without it causing an existing home equity loan to be called due?

Tuesday, March 31st, 2009

M.G. asked: My sister has a house with her name only on the title and a home equity loan with a line of credit. Now, she wants to add myself and my brother to the title only and it will be a Joint Tenancy Title. My brother feels that if ...

Would you lend all your home equity to a family member trying to buy a house?

Sunday, March 29th, 2009

shygirl asked: My sister in law just filed bankruptcy and decided to let the bank take her home so she can start over. But now she and her husband found a house for 60k and is asking her brother (my husband) if she can borrow money from our equity that ...

Business Financing Through Home Equity - Smart Move or Too Risky?

Friday, March 27th, 2009

Brian Jenkins asked: Are you willing to risk your home to finance your business? One way to infuse your business or startup business concern with cash is by tapping the equity in your home. Is it a smart move? The answer depends on a number of different factors.Financing a BusinessOne ...

Your Home Equity Questions Answered

Wednesday, March 25th, 2009

MIKE SELVON asked: If you intend to rent a house or apartment your entire life, this audio program may not be of any use to you. But then again, you may find yourself owning a piece of property and wondering what your home equity is and how it affects your ...

What must be a debt to income ratio to qualify for home equity loan? ?

Sunday, March 22nd, 2009

Ivan S asked: What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit. What if I go to mortgage brokers who have access to "B" type lenders at higher rates? Thanks guys!Battery Back Up Sump Pumps

What happens to the home equity if I refinance my home?

Friday, March 20th, 2009

Newb asked: My house is worth around 123,000. We bought it for 119,000 with 10,000 down. Now I owe around 110,000. If we refinance the home, what will happen the the equity I've put in?Adult Cpr Instructions

Home is paid for how do I take out equity out with only a great credit score going for me?

Thursday, March 12th, 2009

yeeluke asked: In our family we have a home worth about $75.000 its paid off, I am suggesting we take $25.000 of the equity and reinvest in another property to be used as a rental only, how can I get a home equity loan with the present economy with excellent ...

Which would be better for us, taking out a home equity loan or refinancing?

Wednesday, March 11th, 2009

Trina O asked: My husband and I want to take about $15,000 to pay off debt and renovate our home, which we just purchased last July. Our current interest rate is 7.25% and we owe about 65k on our home that appraised at 100k. The problem is that our credit ...

Home Equity Loans: an Opportunity Never to be Missed

Sunday, March 8th, 2009

Dina Wilson asked: Do you know the equity of your house? And are you aware of this fact that multiple advantages can be squeezed out by using this equity. The next step after calculating the equity is considering the home equity loans. Home equity loans can arrange a certain percentage ...