Archive for the ‘best home equity loans’ Category
Wednesday, March 10th, 2010
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Wednesday, February 17th, 2010
Just calculated all my CC debt and I have a grand total of 50 in debt. I also have to pay tuition next semester which will be another ,000. So 50 total. This CC debt is hanging over my head and annoying. I just want to get rid of it once and for all!
I have been offered a loan of ,000. My minimum balance per month would be 0. I would take the ,000 to pay off the 50 debt which leaves me with ,550 in my bank account. With that ,550 + my current bank account balance + work I will pay the 0 per month.
…Then I will not rip up my CC cards (3 total) but I will just straight up not use them. Actually my highest balance is on my Best Buy store card (bought a laptop, a desktop, and an HD Canon over the last 6 months)…..
So do you think it is a good idea to do this? I do because I will pay off and "consolidate" all my debt into one payment a month. Instead of worrying about 4 due dates I’ll just worry about 1….Not to mention this loan will boost my credit score and report (which is good so far, not one missed payment or late payment, staying below 35-40% of my max credit limit at all times)….
Here is the good part. I recently was approved to buy a foreclosed home. I believe I can get (renting it out) 0 a month. The problem is I am waiting on the bank to get the paperwork together so I can use my money from my checking account (yes I have enough to pay off all my debt listed above + way more) BUT I want to use this money to pay for the house THEN LATER when the house is paid for + repairs worry about the ,000 in debt. It has been a few weeks since the bank accepted my offer and I am hoping any day now they will have the paperwork ready so I can get a tenant in there.
So the good news is (hopefully just before Xmas) I will have an extra income of 0 a month which will by itself pay for more than the min. balance of the loan each month.
Since I said I would have roughly 50 of the loan money left after I pay my debt I will use this + the first months rent + the deposit from my tenant to pay a large chunk of that ,000 debt off (probably ,000). Then from that point I will go on with my life and business and only owe ,000 on the ,000 loan which I will pay off quickly. Now I spoke with the lender and they said if I paid the loan early I would barely pay any interest whereas if I pay over the life of the loan I will pay the full interest.
…Then several months down the road I will try to talk with my bank on getting a home equity loan (to use to buy a second foreclosed home)…
What do you guys think?
Tags: balance work, bank account balance, best buy, best buy store, canon, cards, checking account, credit score, due dates, extra income, foreclosed home, grand total, hanging over my head, hd, laptop, loan money, minimum balance, paperwork, xmas
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Monday, February 15th, 2010
I am going to get my masters in Physicians Assistant in a couple of years and I am going to go into Cardiovascular Surgery as a Physician Assistant when im 23 years old. They make about 120k+. However I don’t plan on getting married until 28… I realized its better to be older before getting into a real relationship. But I want to know what side business I could open up and focus on after my shift as a PA is over. When im 23 and I would have payed off my loans because Im going to work part time as a PA when im 21. I will also take out a 150k home equity loan on my parents house, Yes i understand the risks but I will pay off the payment of about 2.5k every month myself. I’m going to take out the loan as a downpayment on a 2 family house. That mortgage will be likely payed off using the rent income from my house, trying my best to keep intents in there. But I plan on selling the house after maybe 10 years hoping to get 300k for a downpayment on a bigger house. But what type of business Could i do ? My uncle has a very successful limo service making millions yearly and my other uncle owns 2 two family houses and is very successful. Any advice for me?
Tags: 10 years, 23 years, cardiovascular surgery, downpayment, family houses, Home Equity Loan, intents, limo service, loans, masters, mortgage, parents, part time, physician assistant, physicians, relationship, side business
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Sunday, February 14th, 2010
I guessing I need 10K – 15K to fix my house the way I would like to. How do I finance something like that? I’ve heard that rates are high on home equity loans, but maybe that’s the best way to go? Or just a simple loan from a bank? I really don’t know what options are out there and how they work. For example, if I do get a loan from a bank do they just put that money in my checking account and I write checks? If not, how do I access the money? What kind of information do I have to give them for a loan like that? Any advice you can give me is greatly appreciated.
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Tags: bad checks, bad credit home equity loan, bank of america, checking account, checks, credit mortgage, ear molds, ebill, girardi, gone with the wind, gossip celebrity, Home Equity Loan, home equity loans, lendingtree, loans resource, money, mortgage credit, payday loans, prepaid credit card, proprietary line, saving money, smart money magazine, vici
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Friday, February 12th, 2010
We currently have a 1st mortgage with Resmor. We would like to renovate (and insulate) our second floor not only to accomodate heating costs but to bring in a boarder to help offset our costs. We need about K. Our finances haven’t been the best in the past but we’ve worked hard to increase our credit score, paying on time and is much better now.
Is it best to approach our bank for a home improvement loan? If one turns us down, should we continue looking? Should we bring a recent credit report and show how we intend to pay it?
Our equity doesn’t give us enough to do this and we prefer not to use our credit cards because of higher interest.
Once we’ve raised the value of our home, would this be a good time to put this loan onto a second mortgage? A mortgage broker has offered to do a 2nd mortgage with us. I get so confused with ALL these people who want our money. Help!
Tags: boarder, credit cards, credit report, credit score, good time, home improvement loan, money, mortgage broker, paying on time, resmor, second mortgage
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Thursday, February 11th, 2010
My wife and my credit rating is poor being around 590. What is the best way to improve our score? I know paying all our debt on time but currently we have no debt except for a few medical bills we make payments on. We have not credit cards. I house is paid off and valued at around 5,000. We it help to get a home equity loan or 2nd mortgage just to have some debt out there that we can make timely payments on to improve our credit? I guess I’m wondering how we can improve our credit without having any type of loan or credit cards to make timely payments on. Any suggestions would be greatly appreciated. Thank you in advance for any comments!
I was also leaning towards equity loan to help pay for some extensive dental work my son needs. He also has a disability and we continually have bills towards getting the extra help needed for him to succeed. We do have our house paid off so we have a lot of equity in it. It’s valued at 5000. Making a payment would not be a problem as we both work. I am a union boilermaker and she is a teacher so we make a decent income. We just got ourselves in some credit problems when I was injured and wasn’t able to work for a couple years. After redoing our budget we can easily afford a loan payment of aprox 00 a month so even if it has to be a bigger loan due to having our house paid off we can easily afford it. Hearing this would this change any comments that were made? We also have our 2 vehicles paid off and do not currently need new vehicles.
Tags: aprox, boilermaker, budget, credit cards, credit rating, decent income, dental work, disability, Home Equity Loan, loan payment, medical bills, mortgage, new vehicles, score, timely payments
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Thursday, February 11th, 2010
How do I know how much equity I have in my home?How can I find out?If you have equity in your home and never use it for anything where does it go?If you have to pay it back how is it your money?how soon do you have to pay the money back if you take out a equity loan?someone said buying a home can help you with retirement how is that? If you never have home equity then you didn’t purchase a good house is that right?
Best answer to all my crazy questions get 10 points ………Thanks
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Tags: advices, basketball coaching, bill consolidation, blog archive, buying a home, crazy guy, crazy questions, egyptians, equity loan, home equity, Home Equity Loan, home improvement loan, homehome, homeless people, how to save money, internet work, iraqi leader, loan equity, loan officer, money, money supply, purchasing a new home, retirement, second mortgage, stupid mistakes
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Saturday, January 30th, 2010
On a home equity loan during a marriage. If a check was created, Would that check require both spouse to sign that check> As the documents require both signatures to acquire that loan. if the moneys are in the form of a line of credit, does the checks to dispense funds require both signatures?
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Tags: branstad, cancer drugs, checks, don imus, employment background checks, equity line of credit, forex currency trading, gay marriage, home equity line, home equity line of credit, Home Equity Loan, line of credit loans, loans auto, mandatory background checks, marriage, marriage offer, mass attendance, moneys, personal financial education, pre employment background checks, signatures, unr students, utah legislature, virus definitions
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Thursday, January 28th, 2010
Say I can’t make the payments any longer ..for what ever reason ……Can they forclose on my home even if my mortgage is up to date ????
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Tags: current mortgage, mortgage, mortgage approvals, nonsense, tampa bay, year mortgage
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Wednesday, January 27th, 2010
Tags: ariz, assessment center, black hills, canon eos, ccfl, dual sim, gadget, google, hdtv, hills news, home shopping, lcds, mobil telefon, mobile phone, northern black hills, plasma tvs, related articles, sexton, story doesn, sugarcoating, sweet side, tempo, weekly group
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