Tag Archives: New Mortgage

Refinancing Your Mortgage Or A Home Equity Loan – Which Is Better?

Joseph Kenny asked: When it comes time to get the money you need to renovate your home, you have some choices to make concerning the financing of it. Both ways, either refinancing your first mortgage, or a home equity loan, … Continue reading

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Home Equity Mortgage – 4 Tips That You Should Follow Closely

Julian Lim asked: A home equity mortgage in today’s marketplace is more difficult to locate, but still not impossible. Determining when the right time to make such an effort is more complicated. The number of reasons for obtaining such a … Continue reading

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Negative Equity and the 125% Mortgage

Jay Tillotson asked: Back in 2007, a new mortgage appeared on the market which seemed like a godsend for first-time buyers – the 125% mortgage. The idea was that you could borrow the full cost of the property, plus 25% … 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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How should I go about selling my current home that I have a mortgage and home equity loan on and go about.

nicolepatricksoellner asked: We want to relocate to my home town to better off my children this would give them a better school district and we would be alot closer to my family, just how do we go about doing this? … 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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I own a paid off home valued at 120k can I get a new mortgage for 75k?

hopes2graduate asked: I am wanting to get a new mortgage to invest in a business venture and for home repairs. Is this possible? I don’t want a home equity loan, I was approved for one of those for 10k. But … Continue reading

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home equity or new mortgage?

lee b asked: I own a house free and clear, FMV about 58000.00, its a rental, score is 600. Can I get a loan? I have about 6K in 401K. All my money is in the rental house. Any suggestion … Continue reading

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My wife and I own our home, but it is over 100 years old and needs substantial work.Any advice will help?

LostKoss asked: As I stated my wife and I own our home.It is in downtown Milwaukee in an area that is seeing a great deal of improvement. The fair market value is 60,000 ,and we have a home equity loan … Continue reading

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Can you depreciate the money from a home equity loan on a rental property?

Celeste C asked: If your property has appreciated in value and you elect to take out a new mortgage, thereby getting cash out, is the cash depreciable on income tax returns, even if spent on a vacation? I’ve been told … Continue reading

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