Does anyone know of any financial facilities in New York that will give home equity loans when still owing six months on a chapter thirteen? All payments have been made on time and a new credit has been established with Mastercard, which is also in good standing. Thank you for your time.
Archive for the ‘Home Equity Loan’ Category
Home equity loan & Bankruptcy?
Monday, June 14th, 2010Home equity loan , i need your advice?
Sunday, June 6th, 2010Hi,
My question is in regard to a home equity loan. We are selling our current home and have found an excellent deal on a larger house. The house was foreclosed on and we have a contract on the house for about K less than what the builder had in it (e.g. our mortgage will be for around 8K and the builder’s cost was ~5K). The house was put on the market for nearly 0K and the houses around this one are going for above 0k, so my prediction is that we will have around -K in equity pretty quickly.
I also understand that initial appraisals will be very conservative because some appraisers were sued when the housing bubble burst because some properties sold for far less than what they were initially appraised.
All this being said, I have about K in miscellaneous debt and I would like to take out a home equity loan. I am going to try to take out K to consolidate the aforementioned debt and also furnish the new house after we close. Does anyone see a problem with me doing this? Also, how soon after closing on the house would I be able to do this?
Thanks and regards
In what ways is a Home Equity Loan and a HELOC different?
Saturday, May 29th, 2010I want to get a Heloc or Home Equity loan..through a Broker?
Sunday, May 23rd, 2010So I recently applied for a heloc or equity which ever I could qualify for, but neither did.
I applied with WElls FArgo, who are extremely strict!
Thing is I am just on the deed of the house, I think thats why It got denied. So this is my parents house, and they said I could borrow 70k from equity, but they have to apply with me right?
I currently make 3,000/mnth, FIco of 715, with only car payment, and credit card that are being paid off. I really want to get this loan to invest in a property paid in cash! My mom thinks they wont qualify because my mom only makes about 1,200/month, same for my dad.
Will we qualify perhaps through a broker??
Balance on house is 200k. Value is 350k.
Wells fargo is farthest the strictest. I have seen other people with incomes of 500 a month and still got a heloc. Im sure some where I can get it.
House given to us free & clear, how do we go about getting a home equity loan?
Friday, May 14th, 2010My grandparents are giving us their 2nd residence home. No money owed on it, title will be ours next week. Here’s my question: we want to pay off some debt & do home improvements, but I am concerned about the seasoning clause. What banks/lenders offer home equity loans without a seasoning clause? Since there is no purchase amount, will they go by the appraised value in this case? Thanks in advance.
Should I pay off my Auto loan or Home Equity loan amount?
Sunday, May 9th, 2010I have ,000 in my Auto loan and ,000 in Home equity loan. I have ,000 in cash which I wan to use to payoff one of these loans. Which one should I payoff?
I am not sure about investing this money as it is risky.