Category Archives: Personal Finance

Serious, factual, answers regarding re-fi and home equity?

My Dog Rowdy asked: I bought my home in March of 2003, my mother co-signed for me, but does not live with us or pay on the mortgage. I would like to look into either a refinance or home equity … Continue reading

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A question about home equity?

Charley asked: My fiance’s grandmother passed away a few months ago and her house was left to my fiance & his brother. We are going to move into this house and try to get a home equity loan to pay … Continue reading

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We owe 73,00 on our house and it is worth 120,000. Is it better to Refinance or Get Home Equity Loan?

stripes7575 asked: We have a baby on the way and are trying to get out of credit card debt… and I will not be working for a while.. So we have to make it on one income.Wendy

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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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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

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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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my daughter stays in the family home, name is not on deed. can she get a home equity loan to do renovations?

girld asked: She wants to get a home equity loan in her name, to fix up the house. will she be able to do this or will we have to add her name to deed first as part owner, and … Continue reading

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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

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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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