Home Equity Loan Answers
How long after buying a home will i be able to take out a home equity loan?
Q. I am wanting to buy my first home and the home i found needs work. I want to take a home equity loan out to make the repairs but i dont know what kind of time frame i will be looking at to get one. Any advice would be much appreciated.
Asked by Kelly - Tue Nov 13 09:39:29 2007 - - 5 Answers - 0 Comments
A. depends on how fast home prices are going up - they are supposed to stay down or flat for at least the next year or two, so I wouldn't count on any decent equity for at least 5-10 yrs
Answered by Dr. Deth - Tue Nov 13 10:30:37 2007
Q. I am wanting to buy my first home and the home i found needs work. I want to take a home equity loan out to make the repairs but i dont know what kind of time frame i will be looking at to get one. Any advice would be much appreciated.
Asked by Kelly - Tue Nov 13 09:39:29 2007 - - 5 Answers - 0 Comments
A. depends on how fast home prices are going up - they are supposed to stay down or flat for at least the next year or two, so I wouldn't count on any decent equity for at least 5-10 yrs
Answered by Dr. Deth - Tue Nov 13 10:30:37 2007
Is it possible to refinance a home equity loan to be able to get a lower rate?
Q. Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.
Asked by CHRISTINA N - Wed May 9 16:25:56 2007 - - 4 Answers - 0 Comments
A. Hi there, When it comes to refinancing a home equity loan you reall have to shop around to make sure you get the best deal. You your deciding on your option you make to make sure you get the following *Competive Rate *Lower you repayments * Great Customer Service You must not forget the last point, remember your the customer and the customer is always right !!! Give these guys a go, I think you will be pleasantly supprised
Answered by Answer G - Thu May 10 01:35:40 2007
Q. Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.
Asked by CHRISTINA N - Wed May 9 16:25:56 2007 - - 4 Answers - 0 Comments
A. Hi there, When it comes to refinancing a home equity loan you reall have to shop around to make sure you get the best deal. You your deciding on your option you make to make sure you get the following *Competive Rate *Lower you repayments * Great Customer Service You must not forget the last point, remember your the customer and the customer is always right !!! Give these guys a go, I think you will be pleasantly supprised
Answered by Answer G - Thu May 10 01:35:40 2007
How soon can i get a home equity loan after I buy a house?
Q. if I were to settle on a house on Janurary 15th, can I get a home equity loan in th next 30 days??
Asked by Staten Island Ferry suspended - Thu Dec 16 04:20:53 2010 - - 6 Answers - 0 Comments
A. In most cases you can close an equity line at the same time as the mortgage.
Answered by E&L - Thu Dec 16 09:53:30 2010
Q. if I were to settle on a house on Janurary 15th, can I get a home equity loan in th next 30 days??
Asked by Staten Island Ferry suspended - Thu Dec 16 04:20:53 2010 - - 6 Answers - 0 Comments
A. In most cases you can close an equity line at the same time as the mortgage.
Answered by E&L - Thu Dec 16 09:53:30 2010
What are the benefits of a home equity loan?
Q. What are some benefits of a home equity loan? How does it work? Whats a good interest rate for someone with OK credit? My is good, but my husbands is fair. We are planning on consolidating high interest cards and possibly using sometowards a newer vehicle.
Asked by cheerful2 - Thu Mar 29 16:28:14 2007 - - 5 Answers - 0 Comments
A. The rate will be somewhere between 7-8% right now. The main benefit is its tax deductibility. You'll be able to finance high rate credit card debt at a much lower rate and get a tax deduction. You also be able to spread the payments over a longer period of time. Home Equity Lines of Credit generally only require an interest only payment while a home Equity loan is generally amortized over 10 years. Just be careful, you're potentially spending your home's equity on frivolous items.
Answered by nickfromct - Thu Mar 29 16:37:49 2007
Q. What are some benefits of a home equity loan? How does it work? Whats a good interest rate for someone with OK credit? My is good, but my husbands is fair. We are planning on consolidating high interest cards and possibly using sometowards a newer vehicle.
Asked by cheerful2 - Thu Mar 29 16:28:14 2007 - - 5 Answers - 0 Comments
A. The rate will be somewhere between 7-8% right now. The main benefit is its tax deductibility. You'll be able to finance high rate credit card debt at a much lower rate and get a tax deduction. You also be able to spread the payments over a longer period of time. Home Equity Lines of Credit generally only require an interest only payment while a home Equity loan is generally amortized over 10 years. Just be careful, you're potentially spending your home's equity on frivolous items.
Answered by nickfromct - Thu Mar 29 16:37:49 2007
difference between a home equity loan and a consolidation loan?
Q. What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?
Asked by zeishabush - Fri Aug 29 05:55:23 2008 - - 1 Answers - 0 Comments
A. A home equity loan is secured by your property and a consolidation loan may not necessarily be a secured loan. It may be just a large personal loan with the purpose of consolidating debts into one payment. A home equity loan may be used to consolidate debts but may also be used for home improvements, college costs, or any other expenses that come about. Visit to know more about the home equity loan. Also you will get low loan rates for NMTW membership.
Answered by iraymond20 - Fri Aug 29 05:56:49 2008
Q. What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?
Asked by zeishabush - Fri Aug 29 05:55:23 2008 - - 1 Answers - 0 Comments
A. A home equity loan is secured by your property and a consolidation loan may not necessarily be a secured loan. It may be just a large personal loan with the purpose of consolidating debts into one payment. A home equity loan may be used to consolidate debts but may also be used for home improvements, college costs, or any other expenses that come about. Visit to know more about the home equity loan. Also you will get low loan rates for NMTW membership.
Answered by iraymond20 - Fri Aug 29 05:56:49 2008
Can you use the money from your home equity loan to buy another house?
Q. Say I remodel my house, end up with 30k in equity, and take out a home equity loan for that amount. Can I turn around and use that 30k as a down payment on another property? Edit: The new property would be used to renovate/flip and sell.
Asked by VR4Jen - Thu Jun 18 17:03:32 2009 - - 3 Answers - 0 Comments
A. Heck yes! There are no restrictions on how you can use your HELOC. Here's the deal, when purchasing another property, the new lender MAY want to "source" the funds for the down payment. Via your credit report, they'll see that you drew the funds from the HELOC. This MAY be a problem to the new lender. It depends on the LTV (loan to value ratio) of the new purchase (under 60-70% they won't care), or excellent credit. Also, if you can show your account has plenty cash anyways, it will be moot. The lender USUALLY likes the down payment to be from your hard-earned bank account, and NOT from an "equity line gamble." You may want to let the money sit in a bank account for 3 months to "season", then go at it.
Answered by Seasoned S - Thu Jun 18 17:48:12 2009
Q. Say I remodel my house, end up with 30k in equity, and take out a home equity loan for that amount. Can I turn around and use that 30k as a down payment on another property? Edit: The new property would be used to renovate/flip and sell.
Asked by VR4Jen - Thu Jun 18 17:03:32 2009 - - 3 Answers - 0 Comments
A. Heck yes! There are no restrictions on how you can use your HELOC. Here's the deal, when purchasing another property, the new lender MAY want to "source" the funds for the down payment. Via your credit report, they'll see that you drew the funds from the HELOC. This MAY be a problem to the new lender. It depends on the LTV (loan to value ratio) of the new purchase (under 60-70% they won't care), or excellent credit. Also, if you can show your account has plenty cash anyways, it will be moot. The lender USUALLY likes the down payment to be from your hard-earned bank account, and NOT from an "equity line gamble." You may want to let the money sit in a bank account for 3 months to "season", then go at it.
Answered by Seasoned S - Thu Jun 18 17:48:12 2009
How does doing a cashout refi or home equity loan affect AMT risk?
Q. We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around $60,000) and then do a 2nd (Equity loan) for the rest...does doing this put us at greater risk for having to pay AMT taxes and if so, in what way (which lines in the 1040 or 6251 affect this)? Is there a better approach we could take?
Asked by P-Dawg - Thu Mar 27 01:18:45 2008 - - 2 Answers - 0 Comments
A. you will not be taxed on any loan amounts...if you hold that money in the bank, the interest it may earn is taxable though. a loan is not income...you have to pay it back...it will not become income even if you buy a car with it. but if you buy a car with it, the interest you pay on it is not deductable.
Answered by viajero_intergalactico - Thu Mar 27 01:55:32 2008
Q. We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around $60,000) and then do a 2nd (Equity loan) for the rest...does doing this put us at greater risk for having to pay AMT taxes and if so, in what way (which lines in the 1040 or 6251 affect this)? Is there a better approach we could take?
Asked by P-Dawg - Thu Mar 27 01:18:45 2008 - - 2 Answers - 0 Comments
A. you will not be taxed on any loan amounts...if you hold that money in the bank, the interest it may earn is taxable though. a loan is not income...you have to pay it back...it will not become income even if you buy a car with it. but if you buy a car with it, the interest you pay on it is not deductable.
Answered by viajero_intergalactico - Thu Mar 27 01:55:32 2008
How does a home equity loan work?
Q. I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about home equity loans and heard about being tax deductible. How do they work? Do they look bad on your credit? How much can you borrow ? Does it add to the years to pay off your house? We only have eleven years left to pay as it is right now. Just wondering what is a good option. I even thought that after I graduate and am working that my pay checks can go all to my student loans. I am just looking for some good ideas without having to stress out about debt and bills and such. We are trying to pay our bills off and so… [cont.]
Asked by newmoon - Mon Mar 19 16:11:58 2007 - - 3 Answers - 2 Comments
A. I'm not sure why you would want to get a home equity loan to pay off student loans. Typically interest rates on student loans are much lower than home equity loans. It is true that you can use interest paid on a home equity loan as a tax deduction, but you can also use interest paid on student loans as a deduction.
Answered by PCL-R - Mon Mar 19 16:25:37 2007
Q. I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about home equity loans and heard about being tax deductible. How do they work? Do they look bad on your credit? How much can you borrow ? Does it add to the years to pay off your house? We only have eleven years left to pay as it is right now. Just wondering what is a good option. I even thought that after I graduate and am working that my pay checks can go all to my student loans. I am just looking for some good ideas without having to stress out about debt and bills and such. We are trying to pay our bills off and so… [cont.]
Asked by newmoon - Mon Mar 19 16:11:58 2007 - - 3 Answers - 2 Comments
A. I'm not sure why you would want to get a home equity loan to pay off student loans. Typically interest rates on student loans are much lower than home equity loans. It is true that you can use interest paid on a home equity loan as a tax deduction, but you can also use interest paid on student loans as a deduction.
Answered by PCL-R - Mon Mar 19 16:25:37 2007
How do you get a home equity loan to purchase a car?
Q. How does a home equity loan work?
Asked by Lojo - Sat Jan 17 15:28:08 2009 - - 3 Answers - 0 Comments
A. The lender looks at the amount of ownership you have in the home and projects the cost of loaning you an amount of money up to that point. Say for instance your home is worth $100,000. If you owe $20,000, then you own 80% of the value ($80,000). The lender will take your application, have it appraised, offer you a certain amount of money (including interest). Next you are offered a closing date. Then you are offered checks that you can write out in the amount you want. If its not the same lender on your primary mortgage, a deed is created giving that lender rights to your property if you default on your payments.
Answered by MissV - Sat Jan 17 15:32:35 2009
Q. How does a home equity loan work?
Asked by Lojo - Sat Jan 17 15:28:08 2009 - - 3 Answers - 0 Comments
A. The lender looks at the amount of ownership you have in the home and projects the cost of loaning you an amount of money up to that point. Say for instance your home is worth $100,000. If you owe $20,000, then you own 80% of the value ($80,000). The lender will take your application, have it appraised, offer you a certain amount of money (including interest). Next you are offered a closing date. Then you are offered checks that you can write out in the amount you want. If its not the same lender on your primary mortgage, a deed is created giving that lender rights to your property if you default on your payments.
Answered by MissV - Sat Jan 17 15:32:35 2009
How do you pull equity out of your home with taking a how equity loan out?
Q. First of all how do you build equity in a home? How do you report the equity to your lender? And lastly how to you pull the equity that you ve built up out of the home with out taking a home equity loan out? Thank you in advance for any help that you can give me.
Asked by B_dub - Tue Jan 31 09:12:05 2006 - - 2 Answers - 0 Comments
A. To build equity in your home you must either pay down the mortgage or have the market value go up. Your lender will decide if you have equity in your home. They decide how much your home is worth then they deduct how much you owe the difference is the amount of equity that you have. Lastly, I hate to tell you, their are only three ways to get equity out of a home. 1) Get an equity line of credit. 2) Refinance, and pull some money out. 3) Sell the property.
Answered by You don't know me that well - Tue Jan 31 17:02:59 2006
Q. First of all how do you build equity in a home? How do you report the equity to your lender? And lastly how to you pull the equity that you ve built up out of the home with out taking a home equity loan out? Thank you in advance for any help that you can give me.
Asked by B_dub - Tue Jan 31 09:12:05 2006 - - 2 Answers - 0 Comments
A. To build equity in your home you must either pay down the mortgage or have the market value go up. Your lender will decide if you have equity in your home. They decide how much your home is worth then they deduct how much you owe the difference is the amount of equity that you have. Lastly, I hate to tell you, their are only three ways to get equity out of a home. 1) Get an equity line of credit. 2) Refinance, and pull some money out. 3) Sell the property.
Answered by You don't know me that well - Tue Jan 31 17:02:59 2006
Can you still qualify for a home equity loan if you behind on mortgage payments?
Q. I'm behind on mortgage payments because, i'm going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing.
Asked by youngboycaz - Sun Aug 15 13:12:04 2010 - - 2 Answers - 0 Comments
A. No. That's the FIRST thing a lender will check before granting a home equity loan. If the primary loan is in default nobody will approve a home equity loan.
Answered by Let me steer you - Sun Aug 15 13:28:17 2010
Q. I'm behind on mortgage payments because, i'm going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing.
Asked by youngboycaz - Sun Aug 15 13:12:04 2010 - - 2 Answers - 0 Comments
A. No. That's the FIRST thing a lender will check before granting a home equity loan. If the primary loan is in default nobody will approve a home equity loan.
Answered by Let me steer you - Sun Aug 15 13:28:17 2010
Home equity loan or refinance existing home loan?
Q. My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?
Asked by Hottiez - Thu May 8 16:45:19 2008 - - 1 Answers - 0 Comments
A. If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5% You can email with any other questions brandonbroker@yahoo.com
Answered by brandonbroker - Thu May 8 16:53:41 2008
Q. My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?
Asked by Hottiez - Thu May 8 16:45:19 2008 - - 1 Answers - 0 Comments
A. If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5% You can email with any other questions brandonbroker@yahoo.com
Answered by brandonbroker - Thu May 8 16:53:41 2008
Can I get a home equity loan with no seasoning requirements with bad credit?
Q. We just purchased a home and want to consolidate some bills to create a better cash flow. The problem is we've only been in the house for two months. I'm being told that most companies require 6 months to 12 months seasoning to get a home equity loan. Any suggestions?
Asked by VH - Tue Jul 24 14:51:57 2007 - - 5 Answers - 0 Comments
A. That is correct, most seasoning times are 12 months were you can get a home equity home but they will use the purchase price or appraised value whichever is less. The bigger problem would be the credit issue, home equity loans and other types of subordinate financing is a higher risk for lenders and therefore unless the loan to value is very, very low they may not approve it. Lenders always look at what financial position they might be in if the property is foreclosed on and poor credit has been an indicator of future payment patterns, if you had put a large down payment at the purchase then they may consider this has a compensating factor with a low loan to value. I provided you a website for FannieMae, whose guidelines for lending… [cont.]
Answered by Etta P - Tue Jul 24 15:35:28 2007
Q. We just purchased a home and want to consolidate some bills to create a better cash flow. The problem is we've only been in the house for two months. I'm being told that most companies require 6 months to 12 months seasoning to get a home equity loan. Any suggestions?
Asked by VH - Tue Jul 24 14:51:57 2007 - - 5 Answers - 0 Comments
A. That is correct, most seasoning times are 12 months were you can get a home equity home but they will use the purchase price or appraised value whichever is less. The bigger problem would be the credit issue, home equity loans and other types of subordinate financing is a higher risk for lenders and therefore unless the loan to value is very, very low they may not approve it. Lenders always look at what financial position they might be in if the property is foreclosed on and poor credit has been an indicator of future payment patterns, if you had put a large down payment at the purchase then they may consider this has a compensating factor with a low loan to value. I provided you a website for FannieMae, whose guidelines for lending… [cont.]
Answered by Etta P - Tue Jul 24 15:35:28 2007
Is the interest on $200k home equity loan used to buy a new primary residence deductible on Sch A.?
Q. We are planning to rent our existing home and pull $200k equity from that home to buy a new primary residence. I am not clear about the $100k deductible limit on the home-equity loans. Can I deduct it on Sch A or against the rental income and is the deductible equity loan capped at $100k. We file married jointly and our AGI is $160k.
Asked by Rajan A - Sun May 3 04:49:26 2009 - - 2 Answers - 0 Comments
A. The loan is on the rental property, stupid move, as now you have full capital gains tax, but that is not your question. The interest is not applied to your primary home, but to your rental.
Answered by Landlord - Sun May 3 10:38:13 2009
Q. We are planning to rent our existing home and pull $200k equity from that home to buy a new primary residence. I am not clear about the $100k deductible limit on the home-equity loans. Can I deduct it on Sch A or against the rental income and is the deductible equity loan capped at $100k. We file married jointly and our AGI is $160k.
Asked by Rajan A - Sun May 3 04:49:26 2009 - - 2 Answers - 0 Comments
A. The loan is on the rental property, stupid move, as now you have full capital gains tax, but that is not your question. The interest is not applied to your primary home, but to your rental.
Answered by Landlord - Sun May 3 10:38:13 2009
Should I get a home equity loan to pay off back taxes?
Q. I need to pay off about $30,000 in back taxes. Is it better to take out a home equity loan, cash in stock, or borrow or liquidate a 401K?
Asked by devin066 - Wed Jan 31 05:30:16 2007 - - 4 Answers - 0 Comments
A. The upside of the HEL is that all payments you make on it are tax deductible, which is nice at tax time. Downside is the risk involved with HEL since the loan is secured by your home. If you can't make the payments, you could lose you home. The HEL is a better option than cashing in stock, and definitely better than borrowing from a 401k. Those investments could be worth big money one day, and cashing them in now could really impact your financial security down the road. In addition to the HEL, check out HELOC's too (Home Equity Line of Credit). Works a little differently that the HEL, gives a little more flexibility.
Answered by cpb - Wed Jan 31 06:28:21 2007
Q. I need to pay off about $30,000 in back taxes. Is it better to take out a home equity loan, cash in stock, or borrow or liquidate a 401K?
Asked by devin066 - Wed Jan 31 05:30:16 2007 - - 4 Answers - 0 Comments
A. The upside of the HEL is that all payments you make on it are tax deductible, which is nice at tax time. Downside is the risk involved with HEL since the loan is secured by your home. If you can't make the payments, you could lose you home. The HEL is a better option than cashing in stock, and definitely better than borrowing from a 401k. Those investments could be worth big money one day, and cashing them in now could really impact your financial security down the road. In addition to the HEL, check out HELOC's too (Home Equity Line of Credit). Works a little differently that the HEL, gives a little more flexibility.
Answered by cpb - Wed Jan 31 06:28:21 2007
How do you buy investment property with a home equity loan?
Q. My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don't have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Asked by Patricia P - Mon Aug 25 05:20:32 2008 - - 1 Answers - 0 Comments
A. Forget taking such a risk. Untill you have a nice 6 months emergency fund don't go messing with your home security. Good luck but don't let the vision of having "investment" property make you do something foolish. IF you did have some money in the bank and experience my answer MIGHT be different.
Answered by katherine - Mon Aug 25 05:31:52 2008
Q. My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don't have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Asked by Patricia P - Mon Aug 25 05:20:32 2008 - - 1 Answers - 0 Comments
A. Forget taking such a risk. Untill you have a nice 6 months emergency fund don't go messing with your home security. Good luck but don't let the vision of having "investment" property make you do something foolish. IF you did have some money in the bank and experience my answer MIGHT be different.
Answered by katherine - Mon Aug 25 05:31:52 2008
Can I transfer an existing home equity loan, attached to my current residence to a new residence?
Q. I took a home equity loan out a while ago and in this market, my equity has dropped considerably. If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage. Do lenders transfer 2nd mortgages to a new home?
Asked by Love - Sat Aug 22 10:43:02 2009 - - 1 Answers - 0 Comments
A. simple answer: no. especially in this financial climate. you would have to satisfy all liens on the first home when you sold it, which includes the 2nd mortgage. otherwise, the title is not clear and the deal will not go through.
Answered by infinite crisis 247 - Sat Aug 22 10:48:01 2009
Q. I took a home equity loan out a while ago and in this market, my equity has dropped considerably. If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage. Do lenders transfer 2nd mortgages to a new home?
Asked by Love - Sat Aug 22 10:43:02 2009 - - 1 Answers - 0 Comments
A. simple answer: no. especially in this financial climate. you would have to satisfy all liens on the first home when you sold it, which includes the 2nd mortgage. otherwise, the title is not clear and the deal will not go through.
Answered by infinite crisis 247 - Sat Aug 22 10:48:01 2009
What is the difference between a HELOC and a Home Equity Loan?
Q. I know a HELOC is a "Home equity line of credit" but what is the difference between that and a "Home Equity Loan"?
Asked by King Money 1985 - Tue Jul 4 15:08:06 2006 - - 2 Answers - 0 Comments
A. HELOC stands for Home Equity Line Of Credit, It is a revolving line of credit much like a credit card, the account is revolving for ten years,then converts to a fixed rate loan, A home equity loan on the other hand is a fixed loan for a set amount and is usualy amortized over ten years. hope this helps.
Answered by cafe_blue_note - Tue Jul 4 15:50:35 2006
Q. I know a HELOC is a "Home equity line of credit" but what is the difference between that and a "Home Equity Loan"?
Asked by King Money 1985 - Tue Jul 4 15:08:06 2006 - - 2 Answers - 0 Comments
A. HELOC stands for Home Equity Line Of Credit, It is a revolving line of credit much like a credit card, the account is revolving for ten years,then converts to a fixed rate loan, A home equity loan on the other hand is a fixed loan for a set amount and is usualy amortized over ten years. hope this helps.
Answered by cafe_blue_note - Tue Jul 4 15:50:35 2006
Can my wife take a home equity loan for personal use on a jointly owned home without my consent?
Q. My wife earns more money than me. The home loan is in her name but the home title is in our joint names. Can she take a home equity loan without my consent?
Asked by Paul D - Wed Jan 9 11:20:32 2008 - - 1 Answers - 0 Comments
A. If your home deed is in both your names, then no, she cannot take out a loan in only her name without your consent. She can only take it out in only her name WITH your consent legally. If your mortgage company has done this.. then they did something incredibly illegal. You need to call the mortgage company on this.. Best Wishes!
Answered by Cupid - Wed Jan 9 11:25:05 2008
Q. My wife earns more money than me. The home loan is in her name but the home title is in our joint names. Can she take a home equity loan without my consent?
Asked by Paul D - Wed Jan 9 11:20:32 2008 - - 1 Answers - 0 Comments
A. If your home deed is in both your names, then no, she cannot take out a loan in only her name without your consent. She can only take it out in only her name WITH your consent legally. If your mortgage company has done this.. then they did something incredibly illegal. You need to call the mortgage company on this.. Best Wishes!
Answered by Cupid - Wed Jan 9 11:25:05 2008
How 2 solve for potential amount of credit available for home equity loan?
Q. Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon's credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit that's available to Ramon for a home equity loan?
Asked by Richardsbabygirl - Thu Oct 25 17:42:25 2007 - - 3 Answers - 0 Comments
A. There is a homework section of the site you might try next time.
Answered by Rebecca - Thu Oct 25 17:54:38 2007
Q. Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon's credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit that's available to Ramon for a home equity loan?
Asked by Richardsbabygirl - Thu Oct 25 17:42:25 2007 - - 3 Answers - 0 Comments
A. There is a homework section of the site you might try next time.
Answered by Rebecca - Thu Oct 25 17:54:38 2007
From Yahoo Answer Search: 'home equity loan'
Mon Nov 7 02:29:45 2011
[Hide]▼
)
moremortgagemeltdown.com
663px x 1000px | 118.40kB
[source page]
green.blogs.nytimes.com
Tue, 31 Aug 2010 21:40:39 GMT+00:00
New York Times (blog) Those homeowners without enough equity to take cash out of their home to pay off the lien can refinance with the loan in place. ...
https://www.suntrust.com/portal/server.pt?space=Opener&control=OpenObject&cached=true&parentname=CommunityPage&parentid=0&in_hi_ClassID=512&in_hi_userid=2&in_hi_ObjectID=1339&in_hi_OpenerMode=2&
If a fixed interest rate is important to you, or if you want to budget for a regular monthly payment, consider a Sun Trust Home Equity Loan. Features and Benefits ...
https://www.suntrust.com/portal/server.pt?space=Opener&control=OpenObject&cac...
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. Home equity loans are often used to finance major expenses such as home repairs, medical bills or college education.
Matching Results for Home Equity Loan:
cottage industryA job or occupation carried out at home or on a part-time basis. ... billions of dollars from big banks, private-equity shops and pension funds pouring in. ...
34 sec.
www.youtube.com
www.youtube.com
Wed, 18 Mar 2009 10:53:51 PDT
www.lendinguniv erse.com find top 10 home equity loans lenders on http contact Mortgage Lenders, private investors, hard money brokers and credit ...
homeequityloanlive.com
bad credit home equity loan, homeequityloanlive.com
2011-11-06 08:06:26
My father technically owns my property, though I'm looking to get a home equity monetary loan with my father's accede to embody upon a home commercial operation office. If my father offers a accede for it as well as we ...
People — Douglas Adams • Dante Alighieri • Aristotle • Emily Brontë • Buddha • Confucius • Charles Darwin • Albert Einstein • T. S. Eliot • Richard Feynman • Mahatma Gandhi • Jesus • John Keats • Helen Keller • John F.
[Hide]▲