Home Equity Loans Pros And Cons

Where can I find average annual interest rate data for Home Equity Loans?

admin — Sun, 13 Dec 2009 15:50:31 +0000

tak87 asked:

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

What are the best sources of information on Prime equity home loans

admin — Wed, 25 Nov 2009 19:59:19 +0000

shammu asked:

I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

Samuel

Are people ever denied HELOC or Home Equity Loans when they have a lot of equity in their home?

admin — Thu, 19 Nov 2009 19:39:02 +0000

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

What happens with Home equity loans and lines of credit if you file bankruptcy?

admin — Sat, 14 Nov 2009 14:50:19 +0000

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

Is it smart to use a home equity loan to pay off car loans, and a line of credit?

admin — Wed, 11 Nov 2009 11:11:01 +0000

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

Are home equity loans tax deductible?

admin — Mon, 09 Nov 2009 06:28:33 +0000

stephanie s asked:

My husband and I took out a home equity loan last year. Is the interest tax deductible?

Sarah

What is advantage of Mortgage and Home Equity Loans?

admin — Tue, 03 Nov 2009 13:06:58 +0000

Saloni asked:

Is mortgage and Home equity loans are beneficial?

Jacob

What’s the real deal with home equity loans?

admin — Sun, 25 Oct 2009 12:25:18 +0000

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

What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing?

admin — Sun, 25 Oct 2009 03:43:10 +0000

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

Home equity loans what happens when my mom dies?

admin — Sat, 17 Oct 2009 09:31:41 +0000

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