Monthly Archives: April 2010

Can a new home equity loan amount be larger than your mortgage balance?

cjt asked: We currently have a home equity loan and a mortgage, but want to pay off credit card debt. Can we take out a new home equity loan, paying off the current home equity loan and credit card debt … Continue reading

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I am looking to pull $$ out from my house via a Home Equity loan or a Re-finance. Which bank should I go with?

marcecore asked: I am looking to pull $$ out from my house via a Home Equity loan or a Re-finance. Which bank should I go with? I had a recent BK probably 2 yrs ago. With my BK I had … Continue reading

Posted in Personal Finance | Tagged , , , , , , | 4 Comments

Buying a home after getting an Equity Loan?

megan_stow asked: If you get an equity loan at an owner occupied rate and then find out you need to move 2 weeks later can you buy another home and move without having legal repercussions? It is under the “intention” … Continue reading

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

what are some of the details of a mortgage with a home home improvement loan?

Fordie_ounces asked: Im looking to buy a house that needs a good amount of work. I dont have extra money to pay for the remodeling. But I have read that i can possibly get some sort of home improvement mortgage … Continue reading

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How can i get a home equity loan or line of credit to pay off debt,i have delinquent payments on some accounts

myohmysjb63 asked: I was recently divorced, my daughter is in college. I fell behind on some payments on my credit cards in an effort to support my daughters educational needs. I have two homes with approx. $70,000.00 worth of equity. … Continue reading

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

Can a bank foreclose on your residence for getting behind on a home equity loan ?

eddie a asked: I thought a home equity or a heloc as sometimes referred to can only take action if the first mortgage institution forecloses on the property. Can a second position initiate foreclosure?KENT

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Does a 4.9% credit card loan beat a 9.2% home equity loan in terms of money savings and tax benefits?

froalskiner asked: I want to take out a $10,000 loan and I want to see if the credit card deal is better for overall savings. It’s a lower rate than the home equity loan, but will the higher APR of … Continue reading

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If I get a home equity loan over 100000 on my home &buy a condo outside the US is the interest tax deductible

Steve S asked: I will be buying a condo in Panama as a second residence with the money from the home equity loan on my primary residence in the US. I’m concerned about the interest on a loan over 100,000 … Continue reading

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