Category Archives: Renting & Real Estate

I have $75000 in equity in my home & have to move in 3 mos. If I can’t sell it by then, how do I get my equity

Posted on October 28, 2010 by admin

psja04 asked: Whenever I check on getting a home equity loan, I’m warned that I could lose my house to foreclosure if I fall behind on my mortgage payments. Well, in my case, since I’m moving I don’t care if … Continue reading →

Posted in Renting & Real Estate | 2 Comments

I only owe $65,000 on my mortgage, with a 5.15% APR.can I get a Home Equity loan (or another kind of loan)

Posted on October 23, 2010 by admin

the one asked: with a cheaper interest rate, to pay off the remainder of my mortgage??Kevin

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

Would it be better to refinance at a lower interest rate or take out a home equity loan?

Posted on September 1, 2010 by admin

mobgirl asked: Here is my situation: We would like to put around $20,000 into our house. Should I refinance at a much lower interest rate for an extra 20 grand? Or should I keep our current mortgage as is and … Continue reading →

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

Can a 203K Loan be used to renovate my home I currently own or is it strictly for a new purchased home?

Posted on August 25, 2010 by admin

Pam S asked: My home is 13 yrs old and I need more space. I want to add 2 bedrooms and 2 baths. I’m hearing it is cheaper to go out into the back yard with the addition rather than … Continue reading →

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

Home equity and foreclosure?

Posted on August 22, 2010 by admin

anonymous asked: One of my house is going to be entering foreclosure. I have another house in my name with an outstanding home equity loan. If i let my house go full into foreclosure will be loan rate be raised?Nathaniel

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I am being threaten from a home equity loan to put a judgment against me. i am Mn. whats the most they can get

Posted on August 5, 2010 by admin

ALAN H asked: the loan is for 44,000Juanita

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

I borrowed $ from a friend for a home (foreclosure) and now I want to pay her, what kind of loan do I need?

Posted on July 21, 2010 by admin

Jamie P asked: I’ve been making payments to her and I want to pay off the rest of the loan. I don’t know what kind of loan I should take out to pay her the rest of the money. Do … Continue reading →

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what happens in a home equity default when the 1st mortgage is current?

Posted on July 9, 2010 by admin

crisislooming asked: If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to … Continue reading →

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In a land contract,can buyer tear down home that has an equity loan naming that home as equity?

Posted on July 9, 2010 by admin

mert w asked: In this land contract, buyer wants to tear down existing house and sell property…The seller has an equity loan against this property and wants toknow if the buyer has the right to do this.. Thecontract is for … Continue reading →

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

Sued to stop a lien on condo. Can I still get a home equity loan?

Posted on July 5, 2010 by admin

ss asked: The owners in my condo building paid a $10K special assessment that was due. Then the workers were paid and bailed before finishing the work and us owners were charged another 10K to have the work completed and … Continue reading →

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