Tag Archives: Loan Payment

Smartest way to pay debt refinance, home equity loan or a payment plan?

. . asked: I have debt totaling 30,000. I own a home in which I have over 150k equity in. I want to pay this debt once and for all. What would be the smartest way to do this? Should … Continue reading

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PLEASE ANSWER! Should I refinance or take a home equity loan?

Amanda B asked: My husband I are looking to borrow about $35 thousand dollars out of the equity of our home to help finance our son’s college and to do some small renovations. We bought our house ten years ago … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , | 5 Comments

How do “Refinance” companies make profit on equity “interest only” loans?

Michael K asked: Last year, I was compelled to agree to an interest only equity home loan. I paid cash for my home 2 years prior, and owned the home without mortgage of any type. Now, I am paying off … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 3 Comments