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Tag Archives: Equity Line
Using 1 Home Equity to Pay for Another Home Equity?
ginger79 asked: I currently own 2 properties; 1 is being rented and another one I live in. Both properties have equity of line of credit loans. I almost paid off the loan on the first one that is being rented; … Continue reading
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 Adoption, Credit Card Debt, Credit Cards, Credit Debt, Equity Line, Home Equity, Home Repairs, Loan Balance, Mortgage Loan
4 Comments
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
Posted in Investing
Tagged 100k, 30 Yr Mortgage, Cash Money, Downside, Equity Line, Equity Loan, Home Equity, Home Improvement Project, Invest, Investments, Job, Refinance Loan, Rehab, Roth Ira, West Coast
5 Comments
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
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