Mortgage Home Equity Loans - refinance selling
answers to mortgage and home equity loan questions
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How does a home equity loan work?
Posted on January 11th, 2010 1 commentCS asked:
I have about 30K in equity. Like to do some home improvements. Current mortgage each month is 1200.00. How does the loan work in conjunction with the monthly payment? Is it seperate, bundled into the payment, etc? Is there a term to pay off the loan or is it part of my 30 year fixed? Overall would like to know how much more I will be paying over my 1200.00 for the loan each month with current assumptions. Fees to get the loan started? Thank you!!
It’s pitiful that I’m asking a question and I have people preying on my question with these fairy tale lenders. Give me a break people- did honesty and ethics fly out the window here? Have some humanity
TRENTON



