Archive for April, 2009
Sunday, April 12th, 2009
Julian Lim asked: As security, there will never be a need for you to give up ownership of your home or vacate it even for just the shortest span of time. Home equity loan allows you to maximize the benefit that you can get from your property, and the cash ...
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Wednesday, April 8th, 2009
kat asked: My husband passed away last year and I have medical bills and credit card bills that I can't pay, would like to know if I were to file bankruptcy can I include my home equity line of credit?
I am not looking for a loan, I was just ...
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Tuesday, April 7th, 2009
George Kane asked: Are you a homeowner and looking for a new loan against your home at low rate? If it is so then go nowhere. Over the years your home value has gone up substantially and so has its equity. It is the equity build-up in home that you ...
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Saturday, April 4th, 2009
T J Madigan asked: You might have heard a lot about the home equity loan from friends or co-workers, but still you are not sure what it is and how it works. But really, what is a home equity loan? To understand what it is and how it works, first ...
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Saturday, April 4th, 2009
Love asked: I took a home equity loan out a while ago and in this market, my equity has dropped considerably.
If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage.
Do lenders transfer 2nd ...
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Saturday, April 4th, 2009
dougsuessegger asked: My business owns a home; and I want to transfer that home to myslef, in my own name. The home is paid-off. This will allow me to take out a home-equity loan. Are there costs/tax rammifications? Is there a negative I cannot currently detect? Thank you ...
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Friday, April 3rd, 2009
Johns Tiel asked: A benefit of a home equity line of credit is that the approval process is less stringent than a home equity loan. However, a lender will still look at your creditworthiness and the market value of your home. A home equity line of credit often allows for ...
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Friday, April 3rd, 2009
lawrie asked: I am buying my first home with an FHA loan. The mortgage company I am using doesn't do a 203K loan and I would like to use money to improve the house. I was approved for $40,000 more than purchase price and only want $20K max. ...
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