I took out a 70k HELOC 1.5 years ago, adding my 1st i owe 205,000. My intrest rate on my 1st is "ARM’ 10% and 2nd 12%. These are killing my payments. I went to try to refinance my credit is 670, but they are telling me my property is valued at 185. if i would come up with 20k they tell me i could save a huge chunk of money. My home was actually appraised at 220 when i took out the HELOC 1.5 years ago. They used a computer to figure it out not a actual appraiser. After doing some reasearch homes sold for 184,000 at that time. I live in a townhome communtiy. I need some help tired of explain this to banks.
Posts Tagged ‘central banks’
Refinance, mortgage question very confused?
Tuesday, November 10th, 2009To get a home equity line of credit how good should the fico score to qualify?
Thursday, October 8th, 2009SOME BANKS SAY YOU NEED A FICO AROUND THE 620 TO QUALIFY
More than one home equity loans at a time?
Saturday, September 26th, 2009I want to know if I can get more than one home equity loans at a time for a single house from different banks. Because I’ve applied for a home equity loan from a bank, but it seems to be not enough for me to do what I want to do with the money. So I thought I can apply for another equity loan from a different bank to double the amount. Is it possible?
Will I be able to take out a home equity line of credit when I only control 1/3 of the interest in my house?
Thursday, August 6th, 2009I currently live in a house in California that has my grandfather, my father, and me on the deed. We are each 1/3 owners of the property. It is completely paid off — there is no mortgage. I was wondering if there would be any way I would be able to get a HELOC on the house WITHOUT the signatures or permission from my father or grandfather. They are both skeptical people and swear that banks are out to screw people over. They also do not know anything about real estate and they swear real estate is nothing but risky investments. I cannot get them to just deed the house over to me because they have no education on real estate and they swear they have to be involved for some reason. My father and grandfather don’t make any of my decisions and haven’t since I’ve been an adult for the last 10 years. This would help greatly if someone could offer some advice! This house has so much equity and it’s time I start expanding my real estate portfolio! Thank you so much.
what happens in a home equity default when the 1st mortgage is current?
Monday, July 13th, 2009If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the HELOC much longer. I do not live in the property in question. It is vacant and with a realtor but it is in Florida and the value is dropping almost daily due to the crisis in the real estate market in florida. Should I let the banks forclose?
What is the best type of construction loan/permanent financing?
Monday, July 6th, 2009My husband and I are 30 and 31 and have 3 kids. We’ve owned our home for 7 yrs and owe 65K plus a 40K equity line. We have no other debt except our 2 car loans. Our house is now worth at least 130K as is. We are having plans drawn up to add a second floor with our own money but would like to know the best place to get a construction/permanent financing loan for the addition. Our credit scores are 787 and 740 and my husband makes 65K a year and I make about 30K working from home. I’ve heard some online banks have great rates or would it be better to go with our mortage co. (WAMU) or the credit union we have our 2 car loans and equity line from? **Plus, my husband is a General Contractor and will be doing most of the work himself. Will that affect the payouts? Thanks!
Best Home Equity Loans?
Friday, July 3rd, 2009Other than banks, where is the best to go for a home loan?
I have an adjustable HELOC, now that rates have dropped, when should I see the change on mine?
Wednesday, June 24th, 2009I just checked my banks website and I'm still running at a high rate. Does it only adjust after my next payment cycle? they are offering a fixed option for a full point and a half less but I can't see why they would offer that unless they expect my adjustable to go even lower in the short term. Is it time to go to a new bank or wait and see if my own rate is lowered given the market?
Related ‘central banks’ sites :
| Central Bank Providing personal and business banking products to residents of Jefferson City, Missouri. www.centralbank.net | |
| Central Bank | Showing You the Way Central Bank is a community bank in Kentucky that believes in putting the needs of their customers first with personal and business banking services. www.centralbank.com | |
| Central bank - Wikipedia, the free encyclopedia A central bank, reserve bank, or monetary authority is a banking institution granted the exclusive privilege to lend a government its currency. ... en.wikipedia.org/wiki/ | |
| Central Bank Central Bank is participating in the FDIC's Transaction Account Guarantee Program. ... Central Bank · 399 Highland Avenue, Somerville, Massachusetts 02144 · 617-628-4000 · www. ... www.centralbk.com | |
| Central Bank Central Bank, Lebanon's only home-owned, independent bank serving Laclede County since 1917, is a full service bank offering all of the financial products ... www.central-bank.net | |
| central bank: Definition from Answers.com central bank n. A nation's principal monetary authority, such as the Federal Reserve Bank, which regulates the money supply and credit, issues www.answers.com/topic/ | |
| Central Bank Independent bank offers personal and business banking throughout the state. www.centralbankutah.com | |
| Central bank websites Gives links for central banks sites alphabetically by country. www.bis.org/cbanks.htm | |
| Central Bank of Kansas City Provider of personal and commercial financial products including, checking, savings, and loans. Online banking and community news. www.centralbankkc.com | |
| Central Bank of Kenya The Central Bank of Kenya was established in 1966 through an Act of ... The Central Bank of Kenya Act of 1966 set out objectives and functions and gave the Central Bank limited ... www.centralbank.go.ke | |