Tag Archives: Loan Mortgage

How can I buy a new house before selling mine if I don’t have the money lying around to purchase it outright?

Jules B asked: Can I borrow out of my equity? Would it be a home equity loan or something else? Then when I sell my house, how would I pay off the mortgage and convert the equity loan into my … Continue reading

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If I purchase a home in all cash would I get a mortgage or home equity loan?

ace3408 asked: I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be … Continue reading

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How to get a possible investor/buyer to take possession of my home & pay the mortgage until they can sell?

msjdeloresjones asked: My home is over 194K; I refinanced, w/ the help of my best friend. The loan is now over 212k, the house has been apraised for 230k. As of 6/2008, their will be 40k of equity available. I … 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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