Category Archives: Personal Finance

If I file chapter 7 can I keep my house if I have no equity in the home?

Posted on March 25, 2011 by admin

ca97hunt asked: The home is in both names (spouse and myself) but the loans are in my wife’s name. My 1st and 2nd mortgages together eqauls the value of the home.Julia

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Should I use a Financial advisor?

Posted on March 6, 2011 by admin

foursymbols75 asked: I am considering using a fiancial advisor to re-assess our finances, in order to possibly consolidate our loans and maybe get some advise on re-financing our mortgage/getting an additional loan/home equity loan. We bought a house about a … Continue reading →

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Best Way to Pay Off Credit Card Debt?

Posted on February 23, 2011 by admin

coreythomas8672 asked: Here is my situation. I am moving into a new house, and put a large amount of the expenses of renovation, new furniture, etc on my credit card. The balance is currently about $13K. I am trying to … Continue reading →

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Re-finance my condo? Second mortgage?

Posted on February 15, 2011 by admin

Rachel Green asked: If I re-finance my condo, can I add in other debt like credit cards and such? Or is that when you get a second mortgage? I want to put everything into one monthly payment. I highly DOUBT … Continue reading →

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Can I get an equity loan on property that has multiple names on the deed?

Posted on December 18, 2010 by admin

superchic_gator01 asked: My husband and I are wanting to build a house on land that our family owns, with all of our names on the deed. There is already a mortgage on the land (and home on the land). I … Continue reading →

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What should I do? Credit question?

Posted on November 19, 2010 by admin

Daisey M asked: I am a solvent, stable, well-employed, credit-worthy individual. I bought a house 7 years ago which has more than doubled in value due to the market I’m in and of course, location-location-location. I have about $10k of … Continue reading →

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I currently have negative equity in home and want a lower rate. How?

Posted on November 14, 2010 by admin

Hunter asked: My mortgage is with CitiMortgage, never have been past due, but have a slight tight cash flow. I really would like to take advantage of low rates, but can’t since I have negative equity. Can anything be done … Continue reading →

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Does anyone have a contact at Citifinancial Mortgage. Trying to obtain a satisfaction of lein on old mortgage?

Posted on October 23, 2010 by admin

Finflash11 asked: We are selling our home. Lawyer did title search, and two old home equity loans from 1986 and 1987 which were paid off were never removed from my title. Citifinancial Mortgage paid them off when I took out … Continue reading →

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Can I use equity in a 2nd home to lower my primary home’s mortgage principal?

Posted on July 19, 2010 by admin

mckgolfman m asked: I have a condo that I rent out and I have a line of credit that is at a lower interest rate than my mortgage. I am thinking about taking out some of that money to lower … Continue reading →

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Can we bankrupt an equity loan w/o losing our house. Both are by the same bank.Wells Fargo?

Posted on June 12, 2010 by admin

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 →

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