Dec
13
Where can I find average annual interest rate data for Home Equity Loans?
Filed Under homeequityloansprosandcons | 2 Comments
tak87 asked:
I am looking for data on the average annual interest rate of Home Equity Loans. From 1970-current would be ideal.
I am looking for data on the average annual interest rate of Home Equity Loans. From 1970-current would be ideal.
Do you know where I can find this data.
Thank you.
Jennifer
Nov
25
What are the best sources of information on Prime equity home loans
Filed Under homeequityloansprosandcons | 1 Comment
shammu asked:
I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help
Samuel
I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help
Samuel
Nov
19
Are people ever denied HELOC or Home Equity Loans when they have a lot of equity in their home?
Filed Under homeequityloansprosandcons | 3 Comments
mrclam1212 asked:
Say someone wanted a 30K Home Equity Loan and they had 200K in equity in their home. Would they get the loan everytime regardless of credit score and other factors?
William
Say someone wanted a 30K Home Equity Loan and they had 200K in equity in their home. Would they get the loan everytime regardless of credit score and other factors?
William
Nov
14
What happens with Home equity loans and lines of credit if you file bankruptcy?
Filed Under homeequityloansprosandcons | Comments Off
Clinton W asked:
Would these debts be “forgiven” also and if so, does this affect your house which was used to achieve the loan?
Diego
Would these debts be “forgiven” also and if so, does this affect your house which was used to achieve the loan?
Diego
Nov
11
Is it smart to use a home equity loan to pay off car loans, and a line of credit?
Filed Under homeequityloansprosandcons | 5 Comments
motormank asked:
My husband and I need to lower our monthly payments. We have no debt except a line of credit for $60,000 with the payment of $410 and two car loans both adding up to about $25,000 and the combined payment of $1050/mo. So, we are spending about $1400/month for these 3 things. If we got a loan for $110,000 and payed all these off, our payment at 6.6% would be around $700/month. Of course I would always pay more than that per month which would go to principle. Why isn’t this a good thing to do? I realize that getting a new car would add to our payments once again. So, that would not be smart. Other than that, is this a smart thing to do? It seems like it is, but then why don’t more people do this?
Nolan
My husband and I need to lower our monthly payments. We have no debt except a line of credit for $60,000 with the payment of $410 and two car loans both adding up to about $25,000 and the combined payment of $1050/mo. So, we are spending about $1400/month for these 3 things. If we got a loan for $110,000 and payed all these off, our payment at 6.6% would be around $700/month. Of course I would always pay more than that per month which would go to principle. Why isn’t this a good thing to do? I realize that getting a new car would add to our payments once again. So, that would not be smart. Other than that, is this a smart thing to do? It seems like it is, but then why don’t more people do this?
Nolan
Nov
9
stephanie s asked:
My husband and I took out a home equity loan last year. Is the interest tax deductible?
Sarah
My husband and I took out a home equity loan last year. Is the interest tax deductible?
Sarah
Nov
3
What is advantage of Mortgage and Home Equity Loans?
Filed Under homeequityloansprosandcons | 2 Comments
Oct
25
What’s the real deal with home equity loans?
Filed Under homeequityloansprosandcons | Comments Off
dreamwalker2001 asked:
Lately I haven’t been working as many hours because of cutbacks so I’ve fallen behind in a few payments. So I’ve tried to obtain a small loan from a few banks with no luck. I’ve been paying my morgage on time for more than 15 years and never considered home equity. Why are these banks telling me I can’t be approved for a small amount but they’ll let me borrow 10 times as much with a home equity loan?
Arianna
Lately I haven’t been working as many hours because of cutbacks so I’ve fallen behind in a few payments. So I’ve tried to obtain a small loan from a few banks with no luck. I’ve been paying my morgage on time for more than 15 years and never considered home equity. Why are these banks telling me I can’t be approved for a small amount but they’ll let me borrow 10 times as much with a home equity loan?
Arianna
Oct
25
What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing?
Filed Under homeequityloansprosandcons | 2 Comments
costumes.us.com asked:
I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.
Braxton
I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.
Braxton
Oct
17
Home equity loans what happens when my mom dies?
Filed Under homeequityloansprosandcons | 5 Comments
cumbrlnd asked:
My mother who is 85 got a equity loan on her home rather than a reverse mortage loan. I was told today that when she passes the total loan becomes due and payable? Basicly that we can’t just keep making the payments. Is that true? She did this loan so the house could stay in the family rather than it being lost at the time of her death? Wat that the right choice any input would be appreciated.
Trinity
My mother who is 85 got a equity loan on her home rather than a reverse mortage loan. I was told today that when she passes the total loan becomes due and payable? Basicly that we can’t just keep making the payments. Is that true? She did this loan so the house could stay in the family rather than it being lost at the time of her death? Wat that the right choice any input would be appreciated.
Trinity











