Tag Archives: Existing Mortgage

2nd Mortgage after Bankruptcy: How to Qualify for a Competitive Home Equity Loan

Louie Latour asked: Taking out a second mortgage after a bankruptcy can help you reestablish your credit. Because your home is used as collateral, you will have a much easier time qualifying for decent interest rates when you have bad … Continue reading

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can anyone answer this correctly?-equity loan math question?

girasol2525 asked: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based … Continue reading

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Ramon owns a home that was appraised for 132,600. The balance remaining on his existing mortgage is 43,260?

animalhappy asked: Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information what is themaxium potential amoung of credit that’s available to Ramon for a home equity … Continue reading

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Colorado Home Equity Loans

Renold asked: Hi all,I want to share some information with you regarding the benifits of colorado home equity loans.Home equity loans are considered secured loans. A Colorado home equity loan will both allow you to access your home’s equity as … Continue reading

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can home equity loan go to foreclosure?

rubie00 asked: When my house was worth something a few years ago I paid of an existing mortgage with a 30year fixed home equity loan. I also took out a small home equity loan for improvements. I had a ton … Continue reading

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What is Mortgage Refinancing Home Equity Loan?

Andrew Bicknell asked: A mortgage refinancing home equity loan is simply a loan that you take out to pay off an existing mortgage with a new loan that is more financially friendly to your financial goals. The purpose of this … Continue reading

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Home Equity Loans – Do They Really Save You Cash?

Steven James asked: Home equity loans and lines of credit usually are repaid in a shorter period than first mortgages. Home equity loans are attractive to borrowers for a few main reasons:They typically have a lower interest rate (or APR)They … Continue reading

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What is a Mortgage Refinancing Home Equity Loan?

Andrew Bicknell asked: A mortgage refinancing home equity loan is simply a loan that you take out to pay off an existing mortgage with a new loan that is more financially friendly to your financial goals. The purpose of this … Continue reading

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