Archive for the ‘home equity line of credit’ Category

Is getting Home equity line of credit possible if home have two owner?

Friday, March 12th, 2010

There are two owner of a house. Mortgage is under one and other owner wants to get home equity line of credit. Home value right now will be at lease $ 800,000 & current mortgage balance is about $ 200,000. It is Newyork city. Is that possible to get home equity line of credit? How much it could be?
Both persons name on deed but mortgage has one’s name.

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Can I change name on home deed if currently listed as estate and home equity line of credit open – see details?

Wednesday, March 3rd, 2010

Home was gifted to me via Will.
An open home equity line of credit for ,000 is open on this home and payments are made monthly through estate.

Money in Estate will run dry long before H.E.L.O.C. is paid, but I can replenish estate with my own monies (approx 0 month) and am not very concerned with the loan.

I just want to know if I can put the home in my name prior to loan being paid off? Am guessing I would have to put the loan in my name first?

Thanks for any help, this is all new to me. I know I could go to an estate lawyer but am trying to handle all affairs I can without ringing up a large bill.

Is a "quit claim deed" all I need?
Must I change the loan to my name? Loan has very favorable terms (interest rate).
Canada Sux, Thanks for the answer! Can you explai a little bit about Warranty Deeds? Thx either way!

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Whats the worst that can happen if I MAX out home equity line of credit and flee without repayment?

Friday, February 26th, 2010

I have about 108,000 of credit in my house. What would happen if i just maxed out my line of credit, deposited the money in my account and let the bank have my house. What other type of legal penalties would i face? Can it be like a (technical) trade "i have the money you can have the house"?

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What is the best type of loan to get? –a home equity line of credit or a home equity loan? I want to pay o?

Monday, February 22nd, 2010

Is it better to get a home equity loan, or a home equity line of credit? I want to pay off my credit card debt.

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How does having a home equity line of credit affect your credit score?

Wednesday, February 3rd, 2010

Let’s say you have it, but you haven’t used it yet.

Related Articles

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i purchased a property with a home equity line of credit .what happens to it if i short sale my home?

Tuesday, February 2nd, 2010

havent found a satisfactory answer on my own.

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How can i get rid of my home equity line of credit?

Saturday, January 16th, 2010

I have done loan modification with my first mortgage.

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what happens to a home equity line of credit once the home goes into foreclosure?

Wednesday, December 23rd, 2009

When selling a home, is a home equity credit line treated as a second mortgage or is a line a credit ?

Thursday, December 17th, 2009

Can I sell a home with just a 1st mortgage, collect the equity and continue to pay on my Heloc as if it is a line of credit? or will I have to include it in my home sale (and possibly a short sale)?

Can you do a Deed-in-lieu of foreclosure if you have a home equity line of credit on your home?

Friday, November 27th, 2009

I am considering the Deed in lieu of foreclosure option but I have a Home equity line of credit on my house. Is this something that can still be done? BTW I live in Florida if that has any bearing on the answer.
Thanks in advance for any advice :-)

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