Archive for the ‘Home Equity Loan’ Category
is a home equity loan a pre-approved line of credit you can use anytime?
Monday, August 30th, 2010my husband has another woman and he took a loan from the home equity. we are not separated or divorced yet.?
Friday, August 27th, 2010now he wants to sell the house to split the money and divorce. the profit will be less now due to loan repayment. will we get the same amount of money from the house? even when he spent what he got from the loan? please help.
Questions about obtaining a Home Equity Loan?
Thursday, August 26th, 2010OK so I have a couple of questions since I am considering looking into obtaining a home equity loan, I’ll try and include as much info as I can so you are familiar with my current situation.
So I plan on putting the house (home #1) on the market within the next year or two and to make the home market ready it needs some work. On top of this I need to purchase 2 cars for my sons so I figured a home equity loan will be able to cover these costs. I own 2 homes. Home #1 was appraised at 0,000 and has 2,000 remaining on the mortgage. Home #2 was appraised for 0,000 and has 3,000 remaining on the mortgage so I like to think I have a decent amount of equity. I have an ok credit score sitting around 720, and make roughly 0,000/yr. I’ve NEVER missed a mortgage payment, nor any payment in general over the past 3 years. I’d really like to take out around 0,000 if that’s plausible. I’m just so confused as to how to go about this; some say get a home equity loan others say refinance. What is your personal opinion, and why? I greatly appreciate all the help and advice you share!!!
ADDITIONAL DETAILS:
I’m currently in a lease and I personally don’t see the need of getting car loans, which is the secondary concern. The primary concern is there is work that needs to be done to the house before I put it on the market. Figured this loan could fit all my needs into one note.
home equity loan /inbankrupty?
Thursday, August 26th, 2010iam in need of aloanfor smallhome problems like waterheater exterior little paintingiam in bankrupty ijust modified mortage where casn igo toget aloan with my finance problems ihave been tryind payday loans just keepf filling out application to go to another site
our mortgage is paid every month could we lose our house for not paying home equity loan?
Wednesday, August 25th, 2010We have a home equity loan that we took out to purchase a bussiness for my brother inlaw he has fallen behind on payments but our mortgage is paid could we loose our home?
Home equity loan denied?
Tuesday, August 24th, 2010Ok me and my wife just recently applied for a home equity loan but got denied. We need an equity loan for home improvements. Our credit is great, and our home is completely payed off, the reason why we got denied was because of our debt ratio which was the cause of our credit cards and personal loan which we were never late on, we just had to much open. We now just payed off EVERYTHING we owe including the six credit cards and the one personal loan.
My question is do we have to wait a certain amount of time to reapply or can we just apply again now? We really need to do some home repairs as well as make it look nice 
Also should we close all six card accounts?
What happens to my 2nd mortgage home equity loan in a short sale in California?
Monday, August 23rd, 2010I am currently under short sale proceedings in CA. My first has agreed to the terms but my second, which is a non-purchase money loan, is requiring me to sign a promissory note at a reduced balance. The second has agreed to reduce my balance by 65% and payable interest free over 20 years. Should I sign? I believe the alternative to not signing is a foreclosure initiated by the first. Need help fast. Thanks for reading.
Equity loan for a home owned by husband and wife?
Sunday, August 22nd, 2010My mother and father have both their names on the home they live in. My father was allowed to take out a 300,000 line of credit (equity loan) on the house without my mother’s permission. Is this allowed. He has dementia and has lost/wasted the money. How could this have happened without the bank informing the other homeowner or getting her permission?
My name is on my mother's house and she wants to take out an equity loan? Am I responsible if she defaults?
Wednesday, August 18th, 2010My mother put her house in my name and my siblings. Now she wants to take out a home equity loan and the bank wants my personal information. Am I responsible if she defaults and how does it effect my finances?
The bank is now saying we don’t have to sign for the loan. It will be in her name only, yet they want our personal information. The representative says this will not affect our personal finances or credit scores. Do I believe her?