Tag Archives: Mortgage Payments

Is this right.foreclosure after spending equity loan?

iDork asked: Say I purchased a home before the housing boom so it was bought at a reasonable price. Then the boom happened. My house went up in value about $200,000 and so I took out a 2nd mortgage/equity loan. … Continue reading

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Use A Mortgage Calculator To Guide Your Home Equity Loan Decision

Gerald Mason asked: The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. This interest … Continue reading

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2nd Mortgage Equity Loans Behind a Payment Option Home Mortgages

Maria Ny asked: Option adjustable rate mortgages (ARMs) were created in 1981 and for years were marketed to well-heeled home buyers who wanted the option of making low payments most months and then paying off a big chunk all at … Continue reading

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Reverse Home Mortgage – Put Your Equity to Work For You

Addison Clark asked: A reverse home mortgage is a loan that has features that make it reverse of the traditional loan. Instead of having to make monthly payments on a mortgage, you can receive payments. Instead of having to turn … Continue reading

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Home Equity Loan For People With Bad Credit

Finance Brand Blog asked: Bad Credit Home Equity Loans are a Good ThingIf you are in the unfortunate situation of looking as loans for people with bad credit, take heart. You are not alone. More and more people need to … 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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Home Equity Loans: a Flexible Option to Cater All Your Needs

George Kane asked:  It really feels great to have a house of your own. It not only gets added up in your assets but can also become an excellent source of credit when you need it the most. In other … 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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Using a Home Equity Loan to Invest

Chris Navi asked: What is a home equity loan?Home equity is a person’s financial stake in his or her home. A home equity loan allows you to borrow up to 125 percent of the appraised value of your home, less … Continue reading

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Bad Credit Home Equity Loan

Richard Cunningham asked: Most people with bad credit do not realize that if they own their own home and are paying off a mortgage, they can qualify for a home equity loan. Even with bad credit, a home equity loan … Continue reading

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