Tag Archives: Interest Rates

Refinance home mortgage for negative equity?

Steve M asked: Hi, I bought my house in 2006 for $450k with no down. Interest rate for the first loan (80%) is 6.5% and I got the 2nd loan with 9.5%. Now the estimated home value is ~$400k. I … Continue reading

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The Benefits of A Home Equity Loan

Ken Charnly asked: A home equity loan allows you to borrow money using the equity in your home as security. By equity we mean the market value minus any mortgage or loan amount attached to it. You can borrow the … Continue reading

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Which is better, a home equity loan or a home equity line of credit?

Katja M asked: My mother is running out of money (she is selling her house) and it is coming down to the only money she has is in the equity of her house (@$500,000). She currently has a mortgage at … Continue reading

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Is A Home Equity Loan Right For You?

Dean Shainin asked: You keep hearing about home equity loans.The bills are out of control and you need a new car. “Maybe we can get a new carpet and paint the house”, you say to yourself. And, you keep hearing … Continue reading

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Bad Credit Home Equity Loans: Solves All Big Problems

Johns Tiel asked: The home equity loans are good for one time large monetary plans. The borrower in these loans can use the equity of their home as collateral for getting the required money. Not only the good credit holders, … Continue reading

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Which Home Equity Loan

Ken Charnly asked: You are in need of money and have decided to get a home equity loan, but want to know what options are available to you. Which home equity loan is right for you? What is the different … Continue reading

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Home Equity Loan: Avail Loans at Cheaper Rates

Johan Jeuring asked: The task of arranging finance is always an uphill task. Well with newer avenues opening up, it has become somewhat easier to raise finances to meet your various needs. If a golden opportunity knocks at the door … Continue reading

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The Basics Of Home Equity Loans

David Gass asked: While on the look out for your dream home, you might have come across the terms “equity” and “home equity loans.” Below is an explanation to help you understand these terms.What Is Equity?Suppose the value of your … Continue reading

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Home Equity Loan – A Popular Fund Raising Option

Sachin A asked: Home equity loans have become one of the most popular fund raising options for individuals.Home equity loans are the loans taken using your home’s equity as the collateral. Thus they are a type of secured loan.These loans … 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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