Tag Archives: Money

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

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 →

Posted in Renting & Real Estate | Tagged , , , , , , | 1 Comment

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

Posted on May 11, 2010 by admin

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

home equity loans/second mortgage and foreclosure?

Posted on March 26, 2010 by admin

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

Home Equity loan with Co borrower with low credit score?

Posted on December 8, 2009 by admin

dani6121981 asked: I applied for a home equity loan but was denied because of debt to income ratio. I reapplied with a co borrower and this doubled the income. My credit score is 720 and the co borrower’s is only … Continue reading →

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

Is home equity mortgage interest deductible for home office expenses?

Posted on December 3, 2009 by admin

mimi31211 asked: The money was used to pay off credit cards. I am still paying on the home equity loan. If I do a home office deduction, which I qualify for in every way, can I use the home equity … Continue reading →

Posted in Personal Finance | Tagged , , , , , , , , | 2 Comments

where can i get 10g to put down for a rehab loan, and can i use an home equity loan for rest of repairs?

Posted on September 20, 2009 by admin

naskat53 asked: i have it under contract for $70,000 and the house needs $30,000 in work. the arv is for $140,000. but, my rehab loan is only for 65% with 10% down. so where can i get money for the … Continue reading →

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

My credit score is 500 and i need 10000.00 to pay a debt ,any suggestions other than parents or equity loan?

Posted on December 7, 2008 by admin

Brian E asked: i was unemployed for 15 months and a friend loaned me 10000.00 to keep me going . I am back at work but i need to pay back this debt and now my credit ***** because both … Continue reading →

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Why aren’t the mortgage companies and Banks resetting home loans to current value?

Posted on November 2, 2008 by admin

tarl m asked: I was told that the mortgage companies and banks are going to reset (re-write) home loans starting on Oct 1st. Why are they waiting so long? If they re-set the loans now they will receive monthly payments … Continue reading →

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Bad Credit Home Equity Loan score of 585?

Posted on September 15, 2008 by admin

Jackey b asked: I recently have decided to pull some money from my house for a few different reasons. I have had one of those years where some bills have gone unpaid and have gone to collections, not my best … Continue reading →

Posted in Credit | Tagged , , , , , , , , , , , , , , | Comments Off