Tag Archives: Home Equity Loan

How would you finance a vacant land purchase with this scenario?

Michael G asked: I have a current mortgage of $135,000 on my primary residence. This single family home is valued at $300,000. I want to buy a piece of vacant land for $145,000. I have $40,000 to put down on … Continue reading

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Home Equity Loan or Home Loan Mortgage Refinancing?

asked: Jeffery

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I have a 30 yr. fixed 1st mortgage of 160K at 5.875% and a 20 yr. fixed 2nd mortgage of 40k at 9.00% since ’03

Spaghetti asked: I’ve bought it in April of 2003 in Kihei,HI at 201K.The value of the condo now (Feb.’08) is approx. $350K or even higher.Now,what I would like to do is either combine the 2 mortgages into one or pay … Continue reading

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Should I use a Financial advisor?

foursymbols75 asked: I am considering using a fiancial advisor to re-assess our finances, in order to possibly consolidate our loans and maybe get some advise on re-financing our mortgage/getting an additional loan/home equity loan. We bought a house about a … Continue reading

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Sell home and walk away with 0, or short sale, or quit claim deed?

hyr asked: We have to move. We have a mortgage of $280,000 and a $20,000 home equity loan. IF we can sell it, we’d probably walk away with nothing, 0 cash after closing. Since that’s not helping me, why not … Continue reading

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My mortgage broker wants to submit my paperwork to another lender?

are we there yet asked: Is this normal?? Does that mean that the other lender has denied me?? She said she is still working with the first lender, but she thinks that this other lender might be able to give … Continue reading

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What would be the smartest or safest thing to do if you?

Oh Laura! asked: 1. Have an ARM 2. Do not have good credit 3. Do not have any cash on hand for refinancing 4. Have lost a portion of your income 5. But, do have a considerable amount of equity … Continue reading

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Best Way to Pay Off Credit Card Debt?

coreythomas8672 asked: Here is my situation. I am moving into a new house, and put a large amount of the expenses of renovation, new furniture, etc on my credit card. The balance is currently about $13K. I am trying to … Continue reading

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Bankruptcy Home Equity Loan

asked: Carol

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Refi’d Mortgage for debt consolidation – No one paid off creditors ?

Leea asked: When I refinanced my mortgage in May 07 the mortgage broker included 5405.01 in payments allocated to credit collections on my HUD statement. His broker fees were around 6900. I explained that the bulk of the CC collections … Continue reading

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