Tag Archives: Money

Should I get an home equity loan or should I save my money and pay with cash?

Question by Wife4Life: Should I return a place assets debt or should I prevention my appropriation and wage with change?I own a house that will be paid off next yr. I want to do some remodeling in my house like … Continue reading

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Home Equity Loans – How to Squeeze Money From your Home

asked: Sheila

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Questions about capital gain and the USDA Rural Development Loan?

Lacey asked: My husband and I have had our house since June of 2008. We need to relocate and worry about selling our first house. Question #1—How do capital gains work? Our purchase price was $80,000. Which, was a seemed … Continue reading

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The mortgage bailout money?

BirdogsID asked: Where can I get my share of the mortgage bailout funds? My home was overvalued by bank of america and I am going to be foreclosed on, not to mention, I am in texas and there is a … Continue reading

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Can I use equity in a 2nd home to lower my primary home’s mortgage principal?

mckgolfman m asked: I have a condo that I rent out and I have a line of credit that is at a lower interest rate than my mortgage. I am thinking about taking out some of that money to lower … Continue reading

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Mortgage Loans – Getting 100 Percent Financing

Chimerenka Odimba asked: Usually when you want to get a house, you would need a five to ten percent down payment. So if you are getting a house worth $400,000.00, you would need between $20,000.00 and $40,000.00.A hundred percent financing … Continue reading

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Home Equity Loans: Financial Aid Against Home Equity

Dina Wilson asked: The equity of a house can at times come to the rescue of the owner. Without losing ownership, he can advantage from the equity of his home by taking home equity loan to meet urgent financial requirements.Home … 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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How do I protect myself from taxes with a mortgage loan to my children?

Rolleen asked: My daughter and son-in-law and two small children moved to the US from Italy and have been living with my husband and me for the past 7 months. They want to buy a house, have $75,000 in cash … Continue reading

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Can I use interest from home equity loan on a schedule E if 100% of the funds went to purchasing a 2nd home?

xredhat88 asked: I want to buy an investment property I found for $50K. If I take out a home equity loan and use 100% of the money borrowed to buy an investment property can I list the interest I pay … Continue reading

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