Tag Archives: Refinance Mortgage

Why do you need equity in your home to refinance your mortgage?

Dark Magician asked: I understand equity is value you have built up in your home by making loan payments but why is it required to refinance? Is it because lenders want to see you are in the process of paying … Continue reading

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Refinance or Home Equity Loan?

metspsu1980 asked: My brother and I are in our mid to late 20’s and own a 2 unit home valued at approximately $75,000 free and clear. We have a 30 year mortgage (out on another home valued at approximately $40,000) … Continue reading

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Should I refinance my mortgage or pay off revolving debt?

Johnnie asked: Should I refinance my mortgage, which will save me $400 per month by combining a costly 9.99% home equity loan with my primary, or use the $10000 I need to close to pay off my credit card debt … Continue reading

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I want to refinance my home and combine my mortgage and equity line. ?

aglaia asked: My credit score is 680. I was told my debt to income ratio is high. Will my credit score increase and will it be better for me if I pay off these debts showing on my account by … Continue reading

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Refinance Home Mortgage Home Equity Loan: Refinancing Home Credit is Simple

Daryl Stewart asked: If you want to refinance your current credit, you have many options. Refinancing a home loan occupy getting a new mortgage. However, if you like better privacy, there are ways to get a loan with least documents.First … Continue reading

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Can I refinance my first mortgage only?

T asked: I have a first mortgage and a home equity loan. Can I refinance just the first mortgage only? I am also looking at rolling it all into a single refinance as well, but appraised value may not allow … Continue reading

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The Second Mortgage Home Equity Loan

Andrew Bicknell asked: A second mortgage can also be referred to as a home equity loan. It is in essence a secured loan that is second, or subordinate, to the first mortgage against the property. The key issue for anyone … Continue reading

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The Second Mortgage Home Equity Loan

Andrew Bicknell asked: A second mortgage can also be referred to as a home equity loan. It is in essence a secured loan that is second, or subordinate, to the first mortgage against the property. The key issue for anyone … Continue reading

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