Tag Archives: Credit Card Debt

Can Chase home finance take my home?

Trouble in Texas asked: For a long time I had superior credit but due to severe health problems I fell behind and could no longer afford to keep up with my payments, I sent what I could consistently. However, I … Continue reading

Posted in Credit | Tagged , , , , , , , , , , , , , , | 6 Comments

Should I take out another home loan?

rollsrock18 asked: I’m trying to make a financially sound move, deciding whether or not I should take a second mortgage or home equity loan against the equity in my house. Here’s the scenario: 670 median credit score, debt to income … Continue reading

Posted in Personal Finance | Tagged , , , , , , , , , , , | 1 Comment

Is a home equity loan an ideal way to pay off credit card debt?

bodyC asked: Ok, this is unconventional – My mom is disabled. Her home was affected by Katrina. Her home is finally fixed. However, during the past two years, she’s accrued close to $100,000 in credit card bills to pay off … Continue reading

Posted in Credit | Tagged , , , , , , , , , , , , , , | 5 Comments

Home Equity Loan – Advantages and Disadvantages

Alan Lim asked:  A loan taken out for the purpose of transforming the equity in your house into cash that can be used for other purposes is known as a home equity loan.  A loan taken with the equity in … Continue reading

Posted in Loans | Tagged , , , , , , , , , , , , , | Leave a comment

home equity to get out of debt?

laurie m asked: house worth $560,000 (value) mortgage loan balance $347,000.00/home equity balance 46,000 the line was 131,000 and we’ve spent 86,000 on home repairs. We have 20,000.00 in credit card debt from an adoption. We make too much to … Continue reading

Posted in Personal Finance | Tagged , , , , , , , , | 4 Comments

Should I refinance my mortgage or pay off revolving debt?

Johnnie asked: Should I refinance my mortgage, which will save me $400 per month by combining a costly 9.99% home equity loan with my primary, or use the $10000 I need to close to pay off my credit card debt … Continue reading

Posted in Personal Finance | Tagged , , , , , , , , , | 4 Comments

Benefits of Home Equity Loan

Steve Buchanan asked: A home is not something that one goes around buying on a regular basis. It is a carefully planned move and often comes attached with high expectations and anxiety. It is also more often than not unrealistic … Continue reading

Posted in Loans | Tagged , , , , , , , , , , , , , , | Leave a comment

Home Equity Loans – Tips to Get Out of Debt

Terry Edwards asked: Home equity loans can be an excellent source of funds when used wisely. One of the ways in using the cash from a home equity loan is to consolidate your debts.Why is it wise to consolidate your … Continue reading

Posted in Loans | Tagged , , , , , , , , , , , , , , | Leave a comment

I have alot of credit card debt, how can I get a personal loan to pay them off without hurting my good credit?

cme4ins asked: I contacted a debt solution program but they say my credit will be hurt until I get these paid off. My credit is real good I just have alot of credit card debt that I would like into … Continue reading

Posted in Credit | Tagged , , , , , , , , , , , , , , | 3 Comments

Home Equity Loans Versus Home Equity Lines of Credit

Devora Witts asked: There is a difference between these two ways of obtaining credit. As great as the differences are, the uses are also radically opposite. The only thing in common is the equity that your home represents as collateral … Continue reading

Posted in Loans | Tagged , , , , , , , , , , , , , , | Leave a comment