Tag Archives: 100k

Transfer/Purchase of home ownership, with no tax implications to “seller”?

Candice asked: My grandparents bought a home in 1993 for my parents in cash, no open mortgage. Home is in grandparents name. My parents are divorced and my mom lived in it for 10+ years until January when she passed … Continue reading

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Home Equity Line of Credit vs Refinance?

da_red12 asked: I am currently in Chapter 13. I filed 10/04. I have a home with approx 100K in equity. I would like to pay my way out of BK at the 36 month mark (approx 16K) , pay off … Continue reading

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Looking for a mortgage, but have some questions?

Carguy asked: Hey all, I am a college student and I am looking at buying a house next year instead of renting. My parents and I are looking at houses but worried about being able to get a mortgage. Heres … Continue reading

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What Are the Home Equity Loan Rules in Texas?

Jon Spears asked: The state of Texas has some pretty interesting refinance rules. This is especially true when one wants to pull cash or equity out of their home.There are two types of mortgage refinances. The first type is called … Continue reading

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Invest in Roth IRA or use more Home Equity for Rehab Project?

OP-lo asked: I currently have a stash of cash in a money market earning 3.61% APY. I also have a home improvement project set to start later this month. I have enough cash to cover about 40% of the project. … Continue reading

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Is my home equity line of credit included in a bank’s Loan-to-Value calculation?

oizuki asked: I’m looking to refinance my house and while the loan amount on my first mortgage is 800K, my house is appraised at $1M. However I also have a home equity line of credit for $100K. I’m only looking … Continue reading

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