Tag Archives: Equity Line Of Credit

I have a 30 yr. fixed 1st mortgage of 160K at 5.875% and a 20 yr. fixed 2nd mortgage of 40k at 9.00% since ’03

Spaghetti asked: I’ve bought it in April of 2003 in Kihei,HI at 201K.The value of the condo now (Feb.’08) is approx. $350K or even higher.Now,what I would like to do is either combine the 2 mortgages into one or pay … Continue reading

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I have a 30 yr. fixed 1st mortgage of 160K at 5.875% and a 20 yr. fixed 2nd mortgage of 40k at 9.00% since ’03

Spaghetti asked: I’ve bought it in April of 2003 in Kihei,HI at 201K.The value of the condo now (Feb.’08) is approx. $350K.Now,what I would like to do is either combine the 2 mortgages into one or pay off the 2nd … Continue reading

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Home Equity Line of Credit

asked: Kenneth

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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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Fixed Rate Home Equity Loan Versus Adjustable HELOC: Comparing 2nd Mortgage Loans

Maria Ny asked: Many people think of a second mortgage as a fixed interest, lump sum loan. However, that is only one form of a second mortgage. A second mortgage is actually ANY secondary lien on your home–secured loan with … Continue reading

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The Difference Between Home Equity Loans and Home Equity Line of Credit

Connie Barker asked: Using your home equity is a very savvy way to borrow large sums of money at a very low cost. While there are different types of loan products that lenders offer, the two most common and popular … Continue reading

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Second Mortgage Loans Vs Home Equity Loans

Amy Shan asked: It’s not surprising that some homeowners confuse the terms “second mortgage” and “home equity loan.” After all, a second mortgage is a type of home equity loan. But more often than not, home equity loan is used … Continue reading

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Choosing Between a Second Mortgage and a Home Equity Loan

Joseph Kenny asked: There are some alternatives available to the homeowner who needs financial help but does not want to refinance their present mortgage. There are however, at least two main options if some sort of equity loan is desired. … Continue reading

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

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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Question about Home Equity Line of Credit?

Destiny D asked: I plan to get a home equity line to consolidate some monthly bills, and my mortgage company has offered this type of loan as the one wiith the lowest montlhy payment: Home Equity Line of Credit 90 … Continue reading

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