Monthly Archives: February 2010

My tax value on my home has increased. Should I refinance my first loan and add the home equity loan?

Joyce P asked: We relocated and purchased our home about a year and 7 months ago in an area that was more expensive than we were coming from. The purchase price was $239,000, we put down $14,000, and took a … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , | 3 Comments

Can a person refinance a home equity loan, as opposed to a refinancing a mortgage? ?

km asked: A couple of years ago, my spouse and I doubled the size of our home which we had owned “free and clear.” To do so, we took out a 20 year home equity loan for $250,000 at a … Continue reading

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

i have a credit score of 540, is there somewhere i can go to get approved for a home equity loan?

jmpoct03 asked: i have owned my home with no mortgage for around two years now but have bad credit. is there anyplace that you would think approve me for a $20,000 home equity loan?ALFONSO

Posted in Personal Finance | Tagged , , , | 15 Comments