Monthly Archives: May 2010

Cheap Loans Best Federal Loans for Graduate Students Home Equity Loans – How Home Equity Loans

Analogy4155 asked: I’ve unlocked the door that leads to unlimited funds Yes you read that right, UNLIMITED funds. That might seem like a stretch, but it’s not. Let me explain with a unique analogy. Do you know how computers communicate? … Continue reading

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Should we take out a Home Equity Loan (or HELOC?)?

shannonwi14 asked: We have about 1200 in cc debt, 10000 in personal debt, 10000 in car debt and we’d like to fix up our house needing about 10k. Should we wait on the house or should we consolidate the debt … Continue reading

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Home equity loans

Constructionlenderca asked: www.lendinguniverse.com find top 10 home equity loans lenders on http contact Mortgage Lenders, private investors, hard money brokers and credit union who can potentially refinance while house is in foreclosure and arrange your loan fast. In addition to … Continue reading

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Is it better to keep an adjustable rate at 9% home equity loan vs. a fixed rate at 6% ?

Casey asked: The adjustable rate has been as low as 5%, the plan we have can have the loan paid off in 3.5 years. Would it be beneficial to change to a fixed rate at 6% now, because of closing … Continue reading

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

Can I use an equity loan as first mortgage?

EDlbh asked: I’m looking at being able to put a cash payment for 75% of a house. I really don’t want to go through all the expenses of a mortgage when I probably will be paying it off in 3 … Continue reading

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Is it a good idea to take out a home equty loan or line of credit?

elliott0730 asked: Is it a good idea to take out either a home equity loan or a home equity line of credit to pay off high interrest credit cards/ and other debts?Wanda

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Home equity vs. Home equity line of credit?

Joseph Schlitz asked: I need to do some repairs on my home and I’m not sure what the advantages are to either a home equity line of credit or a home equity loan. Any advice?Ricardo

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

Home equity loans

khanacademy asked: Simple example of borrowing from equity to fuel consumptionStanley

Posted in Education | Tagged , | 25 Comments

Money Management : About the Hidden Costs of Home Equity Loans

eHow asked: The most notable hidden cost associated with home equity loans is the origination fee, which is a point that the mortgage company will charge upfront against the value of the overall loan. Work with a company that has … Continue reading

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How do I pay for $40,000 upgade to a home, home equity loan?

ALISON S asked: How would this work? I am planning to buy a house for $195,000 and then sticking about 40,000 into the house. In order to not have PMI I have to put down 20% which would be about … Continue reading

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