Oct
29
Should you normally have to pay closing cost on a home equity loan?
Filed Under Renting & Real Estate | 3 Comments
Anonymous asked:
I’m trying to get a home equity loan and I’m worried about there being closing costs. I got apporved for one so far but they are asking for 10% closing costs. I know my credit is a little shot and that’s why I want the loan to help clean it up a bit and to help me get back on my feet, but just how much does my credit hurt me when it comes to me getting and equity loan when I’m securing something as precious as my home and can my credit also be the reason for the closing costs?
Equity Loans
I’m trying to get a home equity loan and I’m worried about there being closing costs. I got apporved for one so far but they are asking for 10% closing costs. I know my credit is a little shot and that’s why I want the loan to help clean it up a bit and to help me get back on my feet, but just how much does my credit hurt me when it comes to me getting and equity loan when I’m securing something as precious as my home and can my credit also be the reason for the closing costs?
Equity Loans
Oct
20
Have 13K in bank. Should I pay off my car loan(5.5%) or pay down Home Equity loan (8%)?
Filed Under Personal Finance | 4 Comments
amsguy asked:
I have 50K Home Equity balance.
so it will reduce 37K balance if I pay on Home Equity.
But I believe I can get tax deduction on interest I pay on Equity.
so what should I do?
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I have 50K Home Equity balance.
so it will reduce 37K balance if I pay on Home Equity.
But I believe I can get tax deduction on interest I pay on Equity.
so what should I do?
Caffeinated Content
Oct
17
just a quiet person asked:
What kind of home loans can I get? My FICO is around 730 at all the credit bureaus. I live in Los Angeles and want to buy a condo in the Hollywood Hills in the $600k range. I make $100k a year. Do you think I will get approved for $600k?
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What kind of home loans can I get? My FICO is around 730 at all the credit bureaus. I live in Los Angeles and want to buy a condo in the Hollywood Hills in the $600k range. I make $100k a year. Do you think I will get approved for $600k?
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Oct
16
PJ asked:
Can people even get home loans right now? What is the current rate? Where do you find such information?
Website content
Can people even get home loans right now? What is the current rate? Where do you find such information?
Website content
Oct
7
Are education loans effected by our economy problems as well as home loans and car loans?
Filed Under Financial Aid | 3 Comments
sassy sista asked:
I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.
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I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.
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Oct
7
funkybutt_1 asked:
Is the amount of equity in your home calculated based on the tax appraisal or the fair market value of the home? The tax value is always lower than what you could actually GET for your house, so on which figure is the equity based?
Is the amount of equity in your home calculated based on the tax appraisal or the fair market value of the home? The tax value is always lower than what you could actually GET for your house, so on which figure is the equity based?
My husband and I are looking into buying a fixer-upper that’s tax value is $169,700, but the value listed on zillow.com is $329,500, so I’m trying to figure out how much we could get on a home equity loan to make the necessary improvements.
Thanks!
Kansieo.com