Monthly Archives: December 2009

if you have a home equity loan and want to re-finance with a line of credit?

Posted on December 25, 2009 by admin

Pooks asked: wouldn’t the home equity loan momthly payment still have to be made?TOM

Posted in Personal Finance | Tagged , , | 3 Comments

What is the difference between a Home Equity loan, Home Equity Line and a mortgage?

Posted on December 23, 2009 by admin

nikkimattei asked: I am a first time home buyer and I want to be informed as possible.FLETCHER

Posted in Renting & Real Estate | Tagged , , , , , | 7 Comments

is there a place that offers home equity loans to people that have bad credit?

Posted on December 16, 2009 by admin

jmpoct03 asked: my boyfriend and i own our home with no mortgage. we have around $76,000 of equity in our home but have bad credit. is there somewhere we can go for a loan that works with the better business … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , | 5 Comments

I have a home equity loan. In Texas, the 2 parties must agree on a fair market value. If not, is my loan null?

Posted on December 11, 2009 by admin

brittmooreboy asked: I have a home equity loan, which is going into forclosure. I started looking at the original loan papers and the Texas Constitution’s articles about mortgages, trust deeds, leins, ect. In the constitution, it says that both parties … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , | 2 Comments

How do you know how much equity you have in your home?

Posted on December 9, 2009 by admin

heh2203 asked: We’ve owned a home for a year now and recieved a flyer from our bank about applying for a home equity loan. we want to apply so that we can possibly do a little debt consolidation (just a … Continue reading →

Posted in Renting & Real Estate | Tagged , , , | 5 Comments

Home Equity loan with Co borrower with low credit score?

Posted on December 8, 2009 by admin

dani6121981 asked: I applied for a home equity loan but was denied because of debt to income ratio. I reapplied with a co borrower and this doubled the income. My credit score is 720 and the co borrower’s is only … Continue reading →

Posted in Credit | Tagged , , , , , , | 3 Comments

Can I use profit from an investment sale to payoff a home equity loan to avoid capital gains tax?

Posted on December 4, 2009 by admin

mrjoe4jrh asked: I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?BRIAN

Posted in United States | Tagged , , , , , | 3 Comments

Is home equity mortgage interest deductible for home office expenses?

Posted on December 3, 2009 by admin

mimi31211 asked: The money was used to pay off credit cards. I am still paying on the home equity loan. If I do a home office deduction, which I qualify for in every way, can I use the home equity … Continue reading →

Posted in Personal Finance | Tagged , , , , , , , , | 2 Comments