Tag Archives: Heloc

Are people ever denied HELOC or Home Equity Loans when they have a lot of equity in their home?

Question by mrclam1212: Are peoples ever denied HELOC or Home Equity Loans when they have a raft of assets in their place?Say someone wanted a 30K Home Equity Loan and they had 200K in equity in their home. Would they … Continue reading

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Is it possible to do a deed-in-lieu of foreclosure on a HELOC?

Missy asked: My primary mortgage is with Chase; my home equity loan is with Countrywide. I am in default and trying to sell the house before the foreclosure happens but I don’t know if it will happen. Today Countrywide told … 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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Home Equity Loans: Financial Aid Against Home Equity

Dina Wilson asked: The equity of a house can at times come to the rescue of the owner. Without losing ownership, he can advantage from the equity of his home by taking home equity loan to meet urgent financial requirements.Home … Continue reading

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Home Equity Loans: Finance Through Your Home

Dina Wilson asked: There are many ways of getting loans. Some require you to pledge a valuable asset as collateral. This type of loans will not only grant you a large amount of money, but also charge comparatively low rate … Continue reading

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Cash in on the Benefits of Secured Home Equity Loans

Johns Tiel asked: Possessing a home means a lot more than just having a shelter of your own. The equity of your home is a far stronger weapon which you realise only in the times of need. The benefits of … Continue reading

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Home Equity Loans: Borrow Money the Secured Way

Meghna Arora asked: Looking for a loan that will give maximized benefits on pledging your home as collateral? Home equity loans are the perfect opportunity that you may be looking for. With home equity loans, you can borrow an amount … Continue reading

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Home Equity Loans – Tips to Get Out of Debt

Terry Edwards asked: Home equity loans can be an excellent source of funds when used wisely. One of the ways in using the cash from a home equity loan is to consolidate your debts.Why is it wise to consolidate your … Continue reading

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Is my home equity line of credit included in a bank’s Loan-to-Value calculation?

oizuki asked: I’m looking to refinance my house and while the loan amount on my first mortgage is 800K, my house is appraised at $1M. However I also have a home equity line of credit for $100K. I’m only looking … Continue reading

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Using a Home Equity Loan to Invest

Chris Navi asked: What is a home equity loan?Home equity is a person’s financial stake in his or her home. A home equity loan allows you to borrow up to 125 percent of the appraised value of your home, less … Continue reading

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