Tag Archives: Home Improvements

No Fee Mortgage Plus from Bank of America. how come?

fire f asked: i’ve talked to two loan officers regarding this loan and they both offered the 80/20 or 80/15/5 — i can put 5% down. both discouraged me to avail of the no fee mortgage plus. any input? i … Continue reading

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Choosing Between a Second Mortgage and a Home Equity Loan

Joseph Kenny asked: There are some alternatives available to the homeowner who needs financial help but does not want to refinance their present mortgage. There are however, at least two main options if some sort of equity loan is desired. … Continue reading

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Reverse Mortgage Loans! Cash From Your Home Equity

Juhani Tontti asked: For a senior it is important to understand the key features of the reverse mortgage loans, before he goes on, because some lenders have done false offers trying to utilize the seniors, who do not have a … Continue reading

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Bad Credit Home Equity Loans – for Adverse Circumstances

Johns Tiel asked:  Now that market price of your home has substantially gone up and in the mean time you have repaid a larger part of the loan that you took to buy the dwelling place, you would like to … Continue reading

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How to finance home improvements without equity loans? I want payments based on loan terms GREATER THAN 15yrs?

jolifrijoles asked: I am so irritated with the catch-22 of home improvement. You can’t get a loan without having equity (i just bought 4 months ago), and in this market you sure aren’t going to get equity without boosting the … Continue reading

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Should I take out another home loan?

rollsrock18 asked: I’m trying to make a financially sound move, deciding whether or not I should take a second mortgage or home equity loan against the equity in my house. Here’s the scenario: 670 median credit score, debt to income … Continue reading

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Home Equity Loans – for Low Rate Extra Finance

George Kane asked: Your home is a source of lower rate borrowings but equity in it enables in taking cheaper loan that is seldom a burden to repay. Home equity loans are known for their low rate of interest. The … Continue reading

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Pros And Cons Of Home Equity Loans

Andy M asked: Home equity loan is one among the most popular home loans available today. It is a second mortgage loan with characteristic properties of a secured loan. The popularity of the home equity loan has attracted many people … Continue reading

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How does a home equity loan work?

CS 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 … Continue reading

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How Do Home Equity Loans Work?

Stefan Hyross asked: A home equity can be a great way to to get some money fast. Home equity loans are also sometimes called second mortgage. They allow a homeowner to borrow money from the equity they have in their … Continue reading

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