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Monthly Archives: June 2010
Can we bankrupt an equity loan w/o losing our house. Both are by the same bank.Wells Fargo?
Fennis asked: Wife and I took out a 50g equity loan over 4.5 yrs ago. At the time we both worked for a big company. We never thought we would both lose these jobs less than a year apart.( My … Continue reading
Posted in Personal Finance
Tagged Bank Wells, Bleeding Ulcers, Decent Job, Equity Loan, Good Job, Grand Kids, Grandchildren, Home Loan, Mastercam, Money Problem, Mortgage Loan, Old Job, Oriented Businesses, Part Time, Squeak
3 Comments
How Reverse Mortgages Work by Using Home Equity
Juhani Tontti asked: Most home types are accepted. The qualification terms are flexible, because the target of the U.S.Government was to offer this chance to as many seniors as possible. If a senior is at least 62 years old, owns … Continue reading
Home Equity Loan: Second Mortgage Loan Advantages
Louie Latour asked: If you are a homeowner considering a home equity loan, a second mortgage might be a better choice than a home equity line of credit. Second mortgages have several advantages in today’s economy. Here are the basics … Continue reading
Posted in Real Estate
Tagged Debit Card, Equity Line Of Credit, Financial Situation, Free Mortgage, Home Equity Line Of Credit, Home Equity Lines, Home Equity Lines Of Credit, Home Equity Loan, Interest Rate Changes, Loan Interest Rates, Loan Mortgage, Loans, Second Mortgage, Second Mortgages, Variable Interest Rate
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What is the difference between refinancing a mortagage and getting a home equity line of credit?
Lizzie asked: My home has appreciated significantly, and I’m looking to pay off my current adjustable rate mortgage and get a fixed rate loan at a lower interest rate, as well as extra money to fix it up and pay … Continue reading
I have a mortgage and a equity loan on my condo. I owe more than it is currently worth. should I forclose?
JB 007 asked: A friend tells me to just foreclose … but I want to keep a roof over my head … All my earnings are going into the home, there is no savings and I just lost my job!Lynn
Posted in Renting & Real Estate
Tagged Earnings, Equity Loan, Job, Lost, Mortgage Loan, Roof Over My Head
3 Comments
Reverse Mortgage Loans! Cash From Your Home Equity
Juhani Tontti asked: For a senior it is important to understand the key features of the reverse mortgage loans, before he goes on, because some lenders have done false offers trying to utilize the seniors, who do not have a … Continue reading