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Home Refinance Book Homepage
Reliable Home Refinance information
Just wondering if I can get this home equity loan or not.?
I live in Tennessee and compared to most of the U.S, the price of living is very low. That is why I only need 25,000 to add a new master bed room and bathroom onto our house to make room for another baby. Anyways, my house is valued at about 115,000 and I owe nothing on it. My husband's income is 32,000 a year. We have no other loans. No credit though because we do not own credit cards. Planing on getting a 4 and 1 2 year loan to pay it back. Just didn't know if we would qualify for this kind of home equity loan or not. . .we bought our house in cash we were left in inheritance. I don't know if taxes count as credit or not. I'll have to look into it.
What is a home equity loan?
What is a home equity line of credit?
i will like to know if this is the same as home equity loan
Should i refinance mortgage of home equity loan first?
i need to move out of state and buy a home i will have to get a home equity loan for the down payment. i am having trouble selling my present home so i need to rent it out. but i want to refinace for a lower interset rate
Why is home equity not considered for "millionaire" status?
John has a $1MM 401k, and has never owned a home. He's a millionaire.Ted has an $800K 401k, and owns a $300K home. He is not a millionaire.Seems to me that Ted is way better off. Not only does he have $100K more in assets, but also he has no mortgage payment.Good info, Paul. I think, though, at least in my mind, a paid off home is an asset and does generate some income. In that you don't have a mortgage or rent payment any more not to mention the potential cash upon selling . True you still have the things like taxes and upkeep expenses, but I think all that added together still wouldn't even come close to what you would be paying in mortgage rent to live in a comparable home. Thus you're way " in the black" by owning the home.In short, to me equity in a home is just as much an asset as funds in a 401k. Both have their risks, etc.
Can you get a home equity loan if you have purchased your home only 4 months earlier?
Difference between a home equity loan and a personal line of credit?
Opinions on a situation with a home equity loan on an estate?
I am the executrix of my father's estate. His estate is his house, which is to be divided up between myself, my sister, and my father's second wife they were together for 30 years but only married at the last minute, which makes no difference, but that's the deal . His second wife also lives in the house, but it was owned solely by my father.There is a $40K home equity loan out on the house. Obviously that will come straight off the top of the proceeds from the house sale and be repaid at closing. I have no questions about that, but my question is this I suspect that the bulk of the cash that my father took out of the loan is sitting in his checking account, which he left to his wife. He had planned to remodel his basement but never got to do it. I recently asked her where the money from this loan went, and while she had been cooperative all along, she suddenly told me that it was none of my business, that if she will only show a paper trail to a lawyer at the lawyer's request and that there isn't any reason anyone should be asking about that.As executrix I'm aware that I could obtain all sorts of information on my own, since I also have power of attorney. Since this loan is going to be repaid directly upon closing, my concern is not about repayment, since that is a given, but that my sister and I are taking a hit for a loan when she has the money from the loan in her checking account and refuses to part with it. I understand this is a personal issue, not a legal one but I'm just wondering how other people would approach this.Thanks for your opinions.
What companies give home equity loans to people with bad credit to fix the bad credit?
I have a poor credit score, but owe very little on my house. I have lots of equity and would like to eliminate the bad debt with a home equity loan. What reputable companies can help?
Can a mortgage loan and home equity loan be combined for a refinance?
Can I get a home equity loan with bad credit?
I inherited my house so it is paid for but I have no money for tuition. I don't qualify for the pell grant and I need tuition by January 9th so I think it's too late this semester to get the Stratford loans. Thanks for your time to read this.
What happens if you don't pay your home equity loan?
I am on Unemployment and can't afford that and my mortgage. However, it is only $100 month. Would I lose my house if I don't pay it? I have no equity in my home and I'm underwater. Thanks.
Home equity loan vs home improvement loan?
When me and my wife married, we received a house as a wedding gift from my mother in law. Its a big house on a big lot, but isn't in perfect condition. We would like to get a either a home equity loan or a home improvement loan to get it in good living conditions. What loan would be easier to get, considering its not in good conditions, and by that i mean cracks on sheet rock, needs new paint and ceiling has water stains in two rooms. What type of loan would give me enough money to fix it, and would both types of loans require an inspection? Thanks for all your help...
Home Equity Loan Help?
My husband and I are looking to get a home equity loan to consolidate our credit card debt. We own our home and have no mortgage. I normally would not even think about doing this but I suddenly lost my job when we found out I was expecting so now I am working at a job making $8.00 hr and it severely affected our income. We do not use our credit cards and I was on a roll paying them off but now I don't know what to to because I am paying only minimums which I HATE doing , and I would like to pay off a few credit cards before baby comes. We applied for a home equity loan and told them exactly what we were using the money for. The bank offered to pay them off directly if we were approved but we were a few points short on our credit score to be approved. Should I try another bank? Or do you have any other suggestions? I am very frugal with my money so don't tell me I need to budget better. We cut out any additional spending. Please don't tell me I should've had my finances in order before we got pregnant. If you have nothing nice to say please keep your comments to yourself. Any good advice is welcome Thank you I do know the risks of this and that is why I said we don't use our credit cards. They are cut up and were used for things such as home improvements when we first bought the house and stupid things when we were in college.
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