I’m quite frustrated at the process involved with trying to get a home equity loan. Last week an appraiser did a drive-by appraisal and the value came back just fine. NOW, they’re requesting a second appraisal, this time a walk thru…. is this legit? Do I have to submit to this? Is this common?
Archive for June, 2009
Can A Bank Require You To Have Two Appraisals When Applying For A Home Equity Loan?
Sunday, June 28th, 2009Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?
Sunday, June 28th, 2009I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?
Do You Have To Pay Any Sort Of Tax On A Home Equity Loan?
Saturday, June 27th, 2009I am thinking of getting a home equity loan to pay off our credit card debt. We own our home free and clear. Will there be any taxes on this…I am not a very financial person so any advice would be great!!
Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?
Saturday, June 27th, 2009I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?
What Is The Term For A Home Equity Loan?
Saturday, June 27th, 2009Are home equity loans 30-year loans, or do they have a shorter term?
How Long After Bankruptcy Shall I Wait To Apply To Refinance My Mortgage?
Saturday, June 27th, 2009I filed for bankruptcy in 2004 and I have been paying on it for so long now that I have a chance to pay it on out. I have about a year left to go if I don’t pay it on out. I want to refinance my house. If I pay my bankruptcy and my case is discharged, how long shall I wait before applying for a loan to refinance my home?
Should I Take Out A Home Equity Loan To Pay Off My Private Student Loans?
Saturday, June 27th, 2009I heard that taking out a Home Equity loans to pay off my private student loans is an option. They are several loans through Sallie May resulting in $79,000 including interest, but are not consolidated. What are your opinions?
Can You Refinance Your Mortgage After Living In A Condo For Only Two Years?
Saturday, June 27th, 2009I suspect my son has an ARM and has one more year to refinance before the interest rate changes. Is there normally a penalty involved if he refinances before the adjustable rates kick in?
What’s The Difference Between A Home Equity Loan And A Home Equity Line Of Credit?
Saturday, June 27th, 2009I have a mortgage of 200K.I have a first mortgage of 160K at a fixed rate of 5.785% over 30yrs. and the 2nd one’s 40K at 9.00% fixed.Now,the value of my place went up to about 350K in the last 4 years.Should I stay with my current plan or should I re-finance? And if I do,which way should I go? Home Equity loan or Home Equity line?
Can You Refinance Your Mortgage After Living In A Condo For Only Two Years?
Saturday, June 27th, 2009I suspect my son has an ARM and has one more year to refinance before the interest rate changes. Is there normally a penalty involved if he refinances before the adjustable rates kick in?