Home Equity Questions and Answers
Home equity dash of credit?
Home equity dash of credit?
Can anyone give me the details on obtaining a HELOC? Is here some comparison shopping to do when entertaining the thought of this? I put 1/2 down on a $300K 3 years ago and my credit is good enough to make a purchase of a regular credit card if I apply. How much...
Home Equity Dropping....Anyone Worried and What are Your Plans For the Future contained by your Investments?
Has this been a wake up appointment for anyone that realizes that you should never bet on the future for your personal, clan and children's well being? Just curious. The house is seldom a good investment. Because it costs...
Home equity file of credit HELOC - est wage?
HELOC at maximum amount of $70,000, max interest rate is 24%. what would the maximum monthly payment be, p+i only? Interest on HELOCs is usually just calculated on the match you owe each month, similar to a VISA or Mastercard, so it'd depend on how long you were planning to transport...
Home equity file of credit?
We have at least $10,000 contained by equity in our home, and would like to receive a small ($2,000) line of credit. I don't have any income since I stay at home beside the kids, and my husbands credit score sucks from a bankruptcy 7 years ago. How much does a bank decision for...
Home equity file of credit?
When you get your house appraised for a home equity line of credit does that information shift to your town? Or just to the mortgage company "> It has nil to do with the assessed value of your home, if that's what you are asking.
Home equity fixed or mutable better choice immediately?
I have 65000 on equity line of credit fixed at 7.45% the unstable rate is at 4.24%. If I switch it over I would be able to apply the extra 150 a month to the loan. is it better to switch or leave as is? It is a...
Home equity flash of credit, is near a timeline previously you can apply?
I just had a house built this year, I hold been living there since April 7th 2009. My home have some equity already because I built this on my own property, it is appraised at 500,000, I took out a mortgage for 245,000. My question is, can I...
Home Equity Investment Rewards?
Does anyone know anything about this company? They are based surrounded by Ottawa, Ontario. Thanks. This is just another in a long column of "get rich while listening to us" hogwash companies. The single ones getting rich off dealing with them, is HEIR.... I'd avoid it approaching the plague.... The name alone sounds...
Home equity is at it's lowest since 1945 - is George W. Bush proud of his "ownership society" today?
hahahahahahh this is hysterical thinking about it now Bush didn't state *who* would own your house, or society for that matter. Looks similar to he meant mortgage companies and banks be going to own our homes, whether we wanted them...
Home equity is it central?
It depends. I would right to be heard yes it is, but it really depends on your circumstances. To put it simply, equity is the difference between what you owe and the genuine market value of your property. So, if you vend your home, this is your profit, if you are not selling, you...
Home Equity Line Closed by Lender?
I have had a home equity row of credit for three years. I have never been 30 days overdue. On occasion, I have be up to a week late on my payments. I have other paid more than the minimum required. I have not taken any extra money from the line of credit in two...
Home Equity Line Foreclosure? Filing for Bankruptcy?
I have a question about my Home Equity Line and Foreclosure. If my home is foreclosed what happens to my home equity line? Am I still obligated to remuneration the home equity line? Or is it part of losing the home? I've hear that if the mortgage loan and home equity line are...
Home Equity Line Foreclosure?
I have a question about my Home Equity Line and Foreclosure. If my home is foreclosed what happens to my home equity line? Am I still obligated to reimburse the home equity line? Or is it part of losing the home? I've hear that if the mortgage loan and home equity line are together with duplicate...
Home Equity Line Foreclosure?
I have a question concerning my Home Equity Line and Foreclosure. If my home is foreclosed what happens to my home equity line? Am I still obligated to money the home equity line? Or is it part of losing the home? Contact that lien holder, it will be on your credit report, usually...
Home Equity Line of Credit - do 5k lines of credit exist?
This is my first home that I've owned and I've had it abt 18 months. I've already replaced the AC unit which kill my investment account but I had a sick cat ruin the already mature flooring. I have 8k in equity surrounded by the house but...
Home Equity Line of Credit - HELOC?
We have clients that have a 1st & 2nd loans on their mortgage, 2nd person a HELOC. The value of their house dropped and they owe more than what the property is worth. What happens to the HELOC? If the property is foreclosed, does the lender for the heloc come after...
Home Equity Line of Credit Mortgage Question?
Our mortgage is about at $200K and our home is worth $230K. Is there a percentage the bank use to calculate for a home equity loan or....do you get the full $30K? Yes, they unanimously loan you between 60-75% of the equity. Source(s): banker for over 25 years Very unlikely you'd find...
Home Equity Line of Credit on property lower than contract?
I want to take out a large HELOC on property A to reward for property B...and propety A is currently under contract for future public sale. Most HELOC lenders lenders ask "Is property A for sale?" -- and will refuse the loan if the answer is "yes." I *could*...
Home Equity Line of Credit on property underneath contract (part 2)?
Me again...you may have seen my other give somebody the third degree about fudging the status of my property ( it's under contract, closing surrounded by < 3 months ) while obtaining a HELOC on it. Thanks to your answers -- and plain decency -- I go the...
Home Equity Line of Credit or Mortgage?
I was transferred the family home shortly formerly my mom passed away. The house has no debt owed on it (but very dignified prop taxes). It's in major want of repair (eg crazy plumbing leaks, outdated electrical), but I'm a recent college grad with a carnival amount of loan debt & next to no...
Home Equity Line of Credit Question?
If I purchase a motorcycle using my HELOC checks, is the interest deductible and will I get that much more money back within income tax or do I have to in truth owe money in taxes before I would know how to deduct that interest? The interest would be an itemized deduction - you could...
Home Equity Line of Credit rates?
We are shopping around and did get approved for a $250,000 HELOC with a 8.25% interest rate. Is this a correct rate? I mean compared to a credit card it is (owe $3,000 at 16% interest) but how about as a Line of credit? 8.25 is the going rate for a HELOC however...
Home Equity Line of Credit vs Refinance?
I am currently in Chapter 13. I filed 10/04. I hold a home with approx 100K in equity. I would close to to pay my way out of BK at the 36 month speck (approx 16K) , pay off the second mortgage (which be down payment assistance, $7450) and pay bad...
Home Equity Line of Credit, HELOC, after home purchase request for information?
270k loan on appraised house of 475k. Wanted a home improvement line of credit for a few things. Time requirement after closing for HELOC? LTV parameter? Appraisal still work for HELOC application? Had appraisal done before purchase. Looking at Bank of America (already...
Home equity Line of Credit...shopping tips, question, etc.?
I'm shopping for a home equity line of credit which I've never done before. I'd really appreciate some tips on doing this - what should I look out for and what question should I be asking? Thanks. The best bet for this would be to go to a major mound....
Home Equity Line of Credit?
Is is possible for me to get a home equity line of credit if I enjoy only been within my home and paying my mortgage for 3 months? My home appraises for 12K more than the mortgage balance. Probably not a very good Idea, even IF the mound lets you. not a chance as they...
Home Equity Line Of Credit?
My grandfather is getting a equity line of credit for $50,000. Is the 30 year fixed good? Also, should he look into getting an increase and start flipping properties? He owns his house and is done paying payments. He is going to product minor repairs on his house. Your grandfather is...
Home Equity Line of Credit?
We are preparing to apply for a home equity line of credit (not a home equity loan) this week. Our home has in the order of $300,000 (maybe a shade under) in equity and we live in a "hot" community. We reimburse our bills on time, but have a total lot of credit card debt. We...
Home Equity Line of Credit-Used profoundly of money on it!?
I need some help. We hold used up a lot of our Home Equity Line of Credit and realize that it will take us forever yo repay it. I wasn't sure if I should re-finance. We qualified for a FHA loan-6.5% interest rate and enjoy paid in 6 years on a...
Home equity lines of credit frozen by Indymac?
My friend got a loan of $200K from Indymac. She put the money into a CD. Now that Indymac have frozen all equity lines is she affected? Can she keep hold of the 200K? She probably will own difficulty getting any new loans, however, for the funds she's already received,...
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