Posts tagged mortgage
WILL A BANK LEND ME A 30K MORTGAGE LOAN IF THE HOUSE NEEDS WORK?
Feb 7th
Question by Martin F:
Will a bank lend me a 30k mortgage loan if the home needs work?
I want to purchase an old home that is in my price range but need some work done. My credit score it 720 and make about 2200 a month. If I try to get a loan will i get rejected because the home needs work? Do banks give loans on homes that need tlc? thanks.
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CAN YOU GET A HOME EQUITY LOAN EVEN IF YOU ALREADY GOT A SECOND MORTGAGE?
Feb 1st
Question by patsy m:
Can you get a home equity loan even if you already got a second mortgage?
My credit is not good right now because I have a lot of medical bills that I have to pay off along with some other debts. But I do have a lot of equity in my home. I need to know how can i get my equity to work for me.
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Q&A: TO PAY OFF MY MORTGAGE, SHOULD I PAY MORE ON THE PRINCIPAL LOAN OR PAY MORE THE HOME EQUITY LOAN FIRST?
Jan 31st
Question by Joyce P:
To pay off my mortgage, should I pay more on the principal loan or pay more the home equity loan first?
My first mortgage has a lower interest rate but a much higher amount. The home equity loan is a smaller amount but at a much higher interest rate.
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Q&A: SHOULD I OBTAIN A MORTGAGE OR A HOME EQUITY LOAN ON MY INVESTNMENT PROPERTY?
Jan 28th
Question by batman:
Should I obtain a mortgage or a home equity loan on my investnment property?
single family house, paid cash 45k worth 97k, trying to extract equity. Unclear on mortgages vs. home equity loan.
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CAN A NEW HOME EQUITY LOAN AMOUNT BE LARGER THAN YOUR MORTGAGE BALANCE?
Jan 23rd
Question by cjt:
Can a new home equity loan amount be more massive than your mortgage balance?
We currently have a home equity loan and a mortgage, but want to pay off credit card debt. Can we take out a new home equity loan, paying off the current home equity loan and credit card debt which would result in the home equity loan balance being more massive than the mortgage balance? There is ample equity in the home to support both. We do not want to refinance to a new mortgage because we are thinking of selling in the next few years and do not want the expense of closing costs on a new mortgage.
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Q&A: MY SPOUSE HAS THE MORTGAGE IS HER NAME BUT WE TOOK OUT A HOME EQUITY LOAN IN BOTH OF OUR NAMES.?
Dec 12th
Question by Theresa H:
My spouse has the mortgage is her name but we took out a home equity loan in both of our names.?
She is going to let the bank foreclose on the house. What happens to the to the home equity loan?
we live in Florida. Will it impact my credit?
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Q&A: IF YOU MAKE EXTRA PAYMENTS, IS IT BETTER TO PAY TOWARD MORTGAGE OR A HOME EQUITY LOAN?
Dec 7th
Question by Laura M:
If you make extra payments, is it superior to pay toward mortgage or a home equity loan?
I’m guessing this varies based on the loan details, but generally speaking, if you make extra payments, is it superior to target the mortgage (30 yr. fixed, 80% of buy amount) or a home equity loan (15yr interest only, roughly 20% of buy amount)
Just to make sure the question is clear…which is superior to do (as far as which makes superior financial sense)? Apply the extra toward the mortgage or apply the extra toward the home equity loan? If I can only apply extra payment toward one or the other.
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HOW DO YOU GO ABOUT CONSOLIDATING PRIVATE STUDENT LOAN DEBT WITH A HOME MORTGAGE?
Dec 6th
Question by Boston Tenor:
How do you go about consolidating PRIVATE student loan debt with a home mortgage?
We are looking for a home about $ 150,000 and we have about $ 70,000 in Private student loan debt at 7%.
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