Posts Tagged ‘heloc’
Sunday, November 1st, 2009
value of house:0,000
loan amount: 7,000
Our loan office said it is worthwhile to refinance if we get a rate at 5.5% or lower. But we don’t have the cash on hand for the ,000 closing costs…he suggests doing a seprate HELOC to cover the closing costs. Is this worth it?? Or should we just stick with our 6 1/8 % rate?
Dr. Deth raises a good point…is it possible to pull out cash from the refi to cover the closing costs? In other words, just add 5k more to our loan amount and use that for the closing costs? I’m guessing we can’t do that and must have it up front, but just wondering
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Tags: cash on hand, closing costs, credit card debt, deth, dunedin fl, ecommerce internet, electrify, equity accelerator, fha mortgage, first time home buyer, first time home buyer program, gender gaps, heloc, hired hand, home buyer program, hometown bank, investment business, loan office, loan resources, maine news, physician assistant jobs, refi, time home buyer, wamu
Posted in heloc rates | 1 Comment »
Friday, October 30th, 2009
If I can’t get a HELOC instantly, how long do I have to wait to get a HELOC?
What is the equity used in the HELOC based on, the appraised amount or sales amount?
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Tags: ac dc, amp, amp power supply, atlas cruises, blog, c tech, dc charger, equity loan, financial crisis, first water, heloc, huna, johannesburg, loan limit, lt, mortgage industry news, mortgage options, rate loans, real estate, refinancinghome, savings accounts, small business adminstration, solstice, tax credit
Posted in home equity finance | 1 Comment »
Friday, October 30th, 2009
Currently we looking to refinance our 30 year mortgage down to below 5%. I live in california where the conforming rates are a bit different. We can re-finance our 0,000 mortgage for 5%, or pay .75% for a 4.75%. I believe we will live in our home for the entire 30 years, so that makes sense. OR….someone mentioned we can refinance into two loans.
1) Would be a 7,000 bringing the rate down to at least 4.75% or even lower (30 year fixed) plus opening a 2nd loan (HEL or HELOC) for the remainder….,000. We would have to try to pay that off quickly, but my guess it would take 5-10 years.
How do i compare those two, to see which is better….right now, we would be looking at paying about 00 in closing costs/points to get 4.75% which gives us 4 years to break even. I am 99% sure we would be here through that, plus many years later.
Thoughts?
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Tags: 10 years, 30 year mortgage, adam brochert, chicago tribune, closing costs, contract guidelines, dallas metro, extra 3, fixed mortgage rates, guess, guess watches, heloc, jackson sun, land contract, loans, mortgage news, realty inc, remainder, right mortgage, san francisco business, san francisco business times, shopping spree, upward trend, wedded bliss, year fixed mortgage
Posted in heloc rates | No Comments »
Monday, October 26th, 2009
At the height of the housing boom, I felt very badly used by home improvement contractors. I felt they gouged people because they figured they could take out home equity loans and charge outrageous prices for their labor. My husband and I are thinking about buying a fixer upper, but before we do that we need to know that we won’t be taken advantage of.
Any advice?
Dear pickme,
I don’t "feel" I was taken advantage of, I know there was a lot of gouging going on. The very last contractor I had come over to my house to do an estimate asked for 12K to paint the interior of my three level townhouse. Now, you know that isn’t right. If that’s the going rate, I’m quitting my job tomorrow.
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Tags: david gow, debt consolidation, documentary details, fellowship program, florida lawyers, gowanus canal, heloc, home equity lines, Home Equity Loan, home equity loans, home equity rates, home improvement contractors, home improvement projects, housing boom, job, john petro, level townhouse, mortgage calculator, mortgage rates, outrageous prices, repair advice, sweet side
Posted in about home equity loans | No Comments »
Sunday, October 25th, 2009
I want to buy a car and need a 36-month loan. I have the choice of K loan from e-loan at 8.25% or drawing from a home equity line of credit at 10.2%. I want to know which is the better option in terms of overall cost to me over the 36-month period.
I want to buy a car and need a 36-month loan. I have the choice of K loan from e-loan at 8.25% or drawing from a home equity line of credit at 10.2%. There are no closing costs on either. I want to know which is the better option in terms of overall cost to me over the 36-month period. Bear in mind that I can deduct the interest on the HELOC but not on the auto loan.
Tags: auto loan, bear in mind, closing costs, e loan, equity line of credit, heloc, home equity line, home equity line of credit
Posted in Home Equity Loan | No Comments »
Friday, October 23rd, 2009
I finally get all fact straight and I visited lawyers. Bank of America signed a Home Equity Loan of Credit to husband a year ago. House is in NH, loan was signed in Ca, because we separated 8 + years and divorcing. Three months after Bank release the fund, Bank found out there are two people(husband and I) on the title. So Bank sent me the paper work to sign. no Signature of me, of course. Lawyer said I can save half of the equity by foreclosure but I don’t want to move. Husband has got into 100k credit cards debt tried to keep up all bills. So my house value, at current market, is 350k to 390k, first mortgage 100k, HELOC is 250k,He doesn’t want to have bad credit on his record. So he works hard to paying it. Lawyer asked 10k retainer fee and no one tells me how much it will cost till the whole thing straight out. Is it worth it for me to fight? I’m homemaker for 20 years. This matter bothers me so much and my health is going down and I’m so worried everything will collapse. my older kid goes to college,40k/year,She may not able continue because we can no long afford it. Advice on what the best I can do to save my kids and me out of this situation?
Tags: 8 years, bad credit, bank of america, credit cards debt, current market, first mortgage, foreclosure, health, heloc, Home Equity Loan, homemaker, lawyer, lawyers, retainer fee, signature, three months
Posted in best home equity loans | No Comments »
Thursday, October 22nd, 2009
We owe on our 1st mortgage is ,000 at 6.25%, and our HELOC is 5,000 at 8.19%. Fixed. The estimated value of the house is between 0,000. to 0,000. I would like to combine and lower my interest rate, but if that is not possible, how can I lower my HELOC. I would at least like to lower my 0.00 interest on the HELOC. What are my options if any? Thanks!
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Tags: amp, compost, credit card balance, credit fraud, equity line of credit, global investment, heloc, home equity line, home equity line of credit, illegal aliens, interest rate, lenders, loan tips, low interest rates, michelle malkin, mortgage, mortgage banking, mortgage rates, pnc, realtor, tax credit
Posted in heloc rates | No Comments »
Saturday, October 17th, 2009
Bought my house 2 1/2 years ago, on a fixed-rate 30 year mortgage.
I’m looking to lower my monthly payments. Should I refinance? With closing costs and rates much higher now, will that lower my payments? I’ve thought about doing a HELOC, though if you borrow $ to pay borrowed money, that makes little sense.
I’m making good money and can currently afford my mortgage but am trying to plan for a worst case scenario if I get laid off and have a few months b/tw jobs…
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Tags: bad credit equity loan, brian griffiths, closing costs, don surber, equipment leasing company, fha mortgage, fixed mortgage, fixed rate, freelance job, freelance photographer, freelance web, heloc, Home Equity Loan, honda civic, infamous syndicate, jobs, money, private student loan consolidation, second mortgage rates, student loan consolidation, trading stocks, tw, ufo news, web application developer, worst case scenario, year mortgage
Posted in heloc rates | No Comments »
Friday, October 16th, 2009
smart people, what will you do in this situation?
I finally get all fact straight and I visited lawyers. Bank of America signed a Home Equity Loan of Credit to husband a year ago. House is in NH, loan was signed in Ca, because we separated 8 + years. Three months after Bank release the fund, Bank found out there are two people(husband and I) on the title. So Bank sent me the paper work to sign. I went/called bank few times but they refuse to tell me anything about it because it under husband name. Lawyers said as long as husband pays the loan, Bank will ignores me. Also, if husband defualt, Bank can take half of the house. Husband has got into 100k credit cards debt tried to keep up all bills. So my house value, at current market, is 350k to 390k, first mortgage 100k, HELOC is 250k, hubyy’s credit cards debt is 100k. He doesn’t want to have bad credit on his record. So he works hard to paying it. Should I keep looking for a good lawyer can fight for the justic? Lawyer asked 10k retainer fee and no one tells me how much it will cost till the whole thing straight out. Is it worth it for me to fight? I’m homemaker for 20 years. This matter bothers me so much and my health is going down and I’m so worried everything will callapse. my older kid goes to college,40k/year,She may not able continue becasue we can no long afford it. Advice on what the best I can do to save my kids and me out of this situation?
Tags: 250k, 8 years, bad credit, bank of america, credit cards debt, current market, first mortgage, health, heloc, Home Equity Loan, homemaker, house husband, lawyer, lawyers, loan bank, retainer fee, three months
Posted in best home equity loans | No Comments »
Related ‘heloc’ sites :
 | What You Should Know About Home Equity Lines of Credit
A home equity line of credit is a form of revolving credit in which your home serves as collateral. ... Once approved for a home equity line of credit, you will most likely ...
www.federalreserve.gov/Pubs/equity/equity_english.htm |
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 | Bank of America | Home | Personal
Welcome to Bank of America, the nation's leading financial institution and home for all of your personal financial needs.
www.bankofamerica.com/index.cfm |
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 | What is a HELOC
A Home Equity Line of Credit (HELOC) is a flexible line of against the value of your home. It can be used for home improvements, debt consolidation or anything else.
cashmoneylife.com/2008/.../home-equity-line-of-credit-heloc |
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 | HelocBasics |
Learn how to find a fair HELOC loan, negotiate terms with your lender, and qualify for a ... Here are the five primary ways HELOC foreclosure situations play out: ...
www.helocbasics.com |
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