shammu asked:


I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

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kk asked:


hi everyone,
please read carefully i need to have an anwser by next week this is the situation. my mom died the power of attoney was my sister i lived in that house for 10 years and took care of my mom i quiet my job doing this . after she left us we come to know that she took the home equity loan over the house which was about $50,000 out of which 30,000 was used while she was alive she had a alzihmer so what she did as soon as she recieved that money from the bank she made a check out of 30,000 to the friend of my mom without informing us. i found out of this situation when she was very ill last year she told me i gave 30,000 to david i ask mom why she told me because he was in need 3 months after he left her and vanished from this earth now she left the house that has a 30,000 home equity loan which i need to come up with otherwise bank will foreclose my house you think i have any options left? if yes please be specific so i can follow exactly what to do! in this regards. i do not have job thanks to mr president soon i will be out of my home thanks to the bank.

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finimits asked:


Hello,
I have a very basic question. I am an NRI living in the US.
Is it possible to take a home loan in the US(from a US bank or institute) for a house/property in India?

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mik d asked:


Could there be a baloon payment with that type of home loan?

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djchuang asked:


When they say donations and home equity loans are tax deductible, what does this mean? Does a $1000 donation mean $1000 less federal income tax? Does $1000 paid in interest on a home equity loan mean $1000 less federal income tax?

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trsupermom1 asked:


We are planning on selling and moving out of state in 6 months. The money would be used to get caught up on some bills and also do some home improvemnts before we put the home for sale. Would this be a good ideal? P.S My credit *****.

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Nathan M asked:


I have $80000 in equity on my home. I have a single, 15 year mortgage at 4.75%

I am considering a $15000 equity loan or line of credit to consolidate some credit card and medical debt that I don’t have the liquid assets to pay off short term. I’d like to clear the medical debt to stave off getting sent to collections and tanking my credit rating. My theory is to take the H.E.L or H.E.L.O.C. To basically save and/or improve my personal credit rating.

Given the current financial environment, I’m afraid that delay on my part could lead to a total inability to get any kind of loan at all as lenders tighten up on loan risk.

I am fiscally responsible, I just had a bad run with medical issues.

Sorry for the long Q. I just needed to provide as much detail as possible.

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BRad G asked:


Say, you have a home that you still owe $$ on…..You want to sell this house and buy a new one. Would you take the money you get for selling your current home and put that toward paying off your current home….being left with only the mortgage payments on the new home.

Create a video blog…instantly.

RayneFaLLz asked:


My sister is buying a home for 131,700. This their first home and they went through a company that supposedly finds them the best loan possibly for them and then the get a builder to start building their home over the next six months. Their credit score is in the low and mid six hundreds and they are looking at a fixed interest rate of 9.3%. the taxes are about 310 monthly and the insurance is 127 monthly. Im helping her go through the paper work and I notice that there are two loans being combined, one for 104 thousand and the other is around 27 thousand. Can you do this? I want her to know as much as possible because they are set to close on March 13, 2007 and I want to make they can afford this and that they are actually getting a good deal. They make over 4000 monthly. Please provide any information possible and thank you in advance for any responses. I would **** for them to get in over there head.
The house has been built, inspected, and appraised already. They started this process in October I believe
Yall are giving my sister and I wonder information. We are really appreciating this.
I just found out that they didnt have a downpayment and they arent paying any closing costs. Also why wasnt they offered something like a first time homebuyers deal. Im a college student dormer so I dont know anything about home loans.

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