Monthly Archives: March 2010

Is a home equity loan for a semi worth it?

toohotnky asked: My husband wants to buy a semi. If we took out a home equity line of credit, our payment would be small. Alot smaller than financing the truck. I am not 100% comfortable with using my home for … Continue reading

Posted in Renting & Real Estate | Tagged , , , , | 4 Comments

With the interest rate decline, is this a good or a bad time to get a home equity loan?

billsnickr asked: I want to pay off my car loans but I don’t know if the interest rate decline helped or hurt me in my attempt. I can handle the payments but I wanted to save more and put more … Continue reading

Posted in Personal Finance | Tagged , , , , , , , | 3 Comments

home equity loans/second mortgage and foreclosure?

almost poor asked: Does anyone know the actual laws about this? If you lose your home to foreclosure, and you have a home equity loan, I mean obviously you should still continue to pay. But I’ve gotten mixed opinions on … Continue reading

Posted in Investing | Tagged , , , , , , , , , | 3 Comments

I am trying to modify my mortgage, Is it possible to apply for a modification on my Home Equity line as well?

subshopowner asked: I have a bout 100,000K in home equity that I used and make payments monthly, I am trying to get a modification on my home Mortgage, so at the same time do home equity loans get modification as … Continue reading

Posted in Personal Finance | Tagged , , , , , , , | 5 Comments

Can I get a home equity loan?

Castello asked: Can I get a home equity loan if I have bad credit. Please help. I need to know what trusted companies I can contact for this type of loan. Thanks.KAREEM

Posted in Personal Finance | Tagged , , , | 5 Comments

I am applying for a home EQUITY LOAN how does that differ from a regular mortgage & does experian look at it ?

ANDY777 asked: I am applying for a home “EQUITY LOAN” how does that differ from a regular mortgage? & does experian look at it the same when calculating there “credit scores” ? ( I know they look at “EQUITY LINES … Continue reading

Posted in Credit | Tagged , , , , | 1 Comment

What’s a safe way to use my home equity to make money?

lieinourpig asked: I own my home and don’t have a mortgage payment. Can I get a home equity loan, and then invest that money into a safe investment (such as a bond mutual fund) and pocket the difference each month, … Continue reading

Posted in Investing | Tagged , , , , , , , , , , , , , , | 3 Comments