Tag Archives: Equity Line

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

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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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I want to refinance my home and combine my mortgage and equity line. ?

aglaia asked: My credit score is 680. I was told my debt to income ratio is high. Will my credit score increase and will it be better for me if I pay off these debts showing on my account by … Continue reading

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what happens to us if we want to sell a house with 2 mortgages and an home equity?

WhoK asked: We have 2 mortgages (1st & 2nd), my friend withdrew an other line of equity. What happens to the equity line loan if we sell this house short? Can we ask the bank to convert equity loan to … Continue reading

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