Tag Archives: Money

Home Equity Loan with a FICO of 530?

Kennyb asked: I have less than 15% equity in my home and need to consolidate some bills. My FICO is right at 530 and I have one late mortgage payment about 3 months ago. The amount I need is about … 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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can home equity loan go to foreclosure?

rubie00 asked: When my house was worth something a few years ago I paid of an existing mortgage with a 30year fixed home equity loan. I also took out a small home equity loan for improvements. I had a ton … Continue reading

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How You Can Use Your Denver Mortgage Home Equity Loan To Solve Your Financial Problems

davemathews asked: A Denver mortgage home equity loan is a loan calculated using the current value of your home less the value of the mortgage loan you obtained to finance it in the first place. Basically this means that you … Continue reading

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I own my home w/no mortgage payment, title is in my name, my fiance & I are moving in January question is?

concerned asked: my fiance has her own house titled in her own name with a 200k mortgage loan owned by the government and a home equity line of credit of 25k totaling 225k debt…The house value in today’s market is … Continue reading

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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

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What are my legal options of getting off a co-signed mortgage?

dumbmistake asked: I cosigned on a mortgage AND home equity loan over 5 years ago for my sister (and her husband) under the verbal agreement that they would get their act in order and refinance to get my name off … Continue reading

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What company should I apply for a home equity loan fast but have bad credit?

jeff asked: I am currently in a bad financial situation. I have terrible credit and can’t even get approved for a new credit card. My monthly payments on my car and credit cards are too much for me to handle. … Continue reading

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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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How to figure home equity value?

camilleyun asked: In August 2005 I purchased a 900 sq ft ranch style home w/finished full basement, attached 1 car garage, nice size lot with fenced in back yard for $44,000. My taxes value the house at $74,500 so I … Continue reading

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