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felixjai asked:


I want to know if I can get more than one home equity loans at a time for a single house from different banks. Because I’ve applied for a home equity loan from a bank, but it seems to be not enough for me to do what I want to do with the money. So I thought I can apply for another equity loan from a different bank to double the amount. Is it possible?

Alexa

Ladybug NH asked:


We have a $200,000 mortgage on a house that is worth $300,000.
I was thinking about refinancing, but noticed that a home equity line has a lower interest rates APR.
If I take the equity line and pull out the full amount they will give me (the bank told me it is up to 80% of the value of the house) and turn around and pay off the mortgage, wouldn’t that be cheaper for me ?
Where is the caviot in this theory?

Bethany

Evan asked:


Would a Home Equity Line of Credit or loan used to buy a home be considered a Home Aquisition Debt instead of a Home Equity Debt?

Jesse

tisaroo asked:


A friend needs a home equity loan and needs a co-signer. Can the co-signer write off the interest paid in his/her taxes?

Noah

ichabodisitchy asked:


We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.

We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?

Any tips would be helpful as we’ve never done this before.

Noah

HAAJR asked:


I have a home equity line of credit paying intrest only at 8.25% on the amount borrowed against it.

Dominic

z400wood asked:


When getting a home equity loan does the bank or credit union do an appraisal on your property?

Autumn

“g” asked:


I want to do some improvements in my house and I think a home equity loan will be the best thing for me….Suggestions anyone….

Julia