Texas Home Equity Loan

what happens with home equity loans and lines of credit after your house is foreclosed on?

admin — Fri, 03 Sep 2010 19:00:41 +0000

My house was auctioned off on August 2, 2010. But I have a home equity line of credit that I still owe on, but now it is unsecured because the house has been foreclosed on. Can I file bankruptcy on that dept?

is a home equity loan a pre-approved line of credit you can use anytime?

admin — Mon, 30 Aug 2010 08:12:46 +0000

my husband has another woman and he took a loan from the home equity. we are not separated or divorced yet.?

admin — Sat, 28 Aug 2010 04:03:42 +0000

now 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.

Home equity loan term is running out. what to do now?

admin — Fri, 27 Aug 2010 06:27:40 +0000

Our loan was for 5 years. That time is almost up but we will still owe approx. 66,000.00 as a balloon payment. Cannot find any information on what we can do now. All I can find is that you can refinance it through your existing company. We have done this twice before over the past 10 years. However, this time we have had a severe drop in our credit score. Our estimated property value is at least 3 times what we need to borrow in order to pay off this 66,000.00 balloon payment. would like it to be a regular mortgage, or whatever, so that at the end of the term, we wont owe anything.I guess I am wondering if my current bank is obligated to refinance it or would I be forced to find another company who finances couples with poor credit. We have been with this same bank for 15 years. The last time we refinanced the equity loan, when our credit was good, I asked the banker to set it up so that we wouldnt owe so much at the end of it. I guess he thought that 66,000.00 wasnt SO MUCH. Is any company out there helping couples in our situation .

Questions about obtaining a Home Equity Loan?

admin — Fri, 27 Aug 2010 02:42:18 +0000

OK 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.

Is a home equity line of credit tax deductible like a mortgage?

admin — Thu, 26 Aug 2010 23:24:55 +0000

I am considering getting a line of credit off of our equity, but before I do, I want
to find out if there is a tax credit for it.

Should I refinance my mortgage?

admin — Thu, 26 Aug 2010 18:37:47 +0000

My home is appraised at 5,000, my mortgage is at 5.875% with a balance of 67,000, I also have an equity loan at 31/2 % with a balance of ,500 should I refinance ?

Is my 2nd mortgage still subordinate to the 1st if the first has now been modified?

admin — Thu, 26 Aug 2010 12:37:57 +0000

I hold a second mortgage on a house in NJ which is being foreclosed on. The 1st mortgage was held by WAMU and purchased by JPMorgan in 2008. If the 1st mortgage was modified after my mortgage was registered, is my mortgage still subordinate to the 1st mortgage?

home equity loan /inbankrupty?

admin — Thu, 26 Aug 2010 09:02:45 +0000

iam 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

should we deduct TDS on interest paid on home equity loan?

admin — Thu, 26 Aug 2010 03:40:23 +0000

Texas Home Equity Loan

what happens with home equity loans and lines of credit after your house is foreclosed on?

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admin — Thu, 26 Aug 2010 12:37:57 +0000