I heard that there are closing costs on home equity loans. Is this the case? Also i just bought my house in September and was told i dont have any equity in my house. Though houses of same model and square feet are selling for more.
Archive for the ‘Home Equity Loan’ Category
Can i get a home equity loan? And what is the process?
Wednesday, March 10th, 2010It is a buyer's market – I understand that. Home equity loans, how do they work?
Monday, March 8th, 2010If I purchase a home for 0,000, but it is appraised for 0,000, will I have automatic built-in equity that I can use to consolidate ,000 in school loans and credit card debt? Or, will I still have to pay down some of the P&I in my mortgage before I can use the home equity? That is the situation I find myself in right now. Thank you!
If someone sues you – can they make you take out an equity loan on your home?
Sunday, February 28th, 2010Can they take an extra car or a boat?
This would be if you kill someone while driving.
Since the insurance only covers the first 300K,
what if the family sues you for 3 million?
Can they take everything?
How much of a home equity loan will we be able to get?
Tuesday, February 23rd, 2010In 2001 my fiance bought our 3 bedroom ranch house for ,000. At that time, our house appraised at ,000. We have made improvements such as water softener & purifier(2001), new roof (2003), new tub surround & toilet (2004), new windows in master bedroom (2006), new carpet & tile throughout (2006), water proofed the basement (2010). We now owe around -60,000. We want to add onto the house, expand the kitchen/dining room, add a full bath, & add a bedroom. One contractor thinks it will cost -60,000 to do this. He makes around ,000/yr. How much of a home equity loan do you think we’ll be able to get? If we can get a home equity loan, will we be able to keep it at 5% (which is the interest rate on our 15yr home mortgage)? If you don’t think we could get that much for an equity loan, is there some other loan we may be able to get?
I am looking to pull $$ out from my house via a Home Equity loan or a Re-finance. Which bank should I go with?
Saturday, February 20th, 2010I had a recent BK probably 2 yrs ago. With my BK I had a foreclosure as well included in my BK. My credit scores are between 620 and 640. I have about 100K equity in my Condo. I am looking to pull out anywhere from 30K – 50K. Any thoughts or ideas? Thank you.
Have you tried to get a loan lately?
Thursday, February 4th, 2010I would like to get a home equity loan but am scared because of the obvious, my house is paid for and I have good credit, I would like a loan for about 1/3 its value. How hard is it right now.
Is a consolidation loan secured by one’s house?
Sunday, January 17th, 2010Is a consolidation loan in the range of 0,000 — 0,000 secured by a person’s home?
Also why are the rates of home equity loans more than home equity lines of credit even though they pretty much the same thing?
Thank You