Are home equity loans 30-year loans, or do they have a shorter term?
Posts Tagged ‘For’
What Is The Term For A Home Equity Loan?
Saturday, June 27th, 2009Can My Apprasial For A Home Equity Loan Also Be Used To Get Pmi Off Of My Mortage?
Friday, June 26th, 2009I am starting my own business and need start up cash. I bought my home last year for 209000, but it was way undervalued. Several smaller homes in my neighoorhood have sold for about 230000. The principal remaining on my loan is 205000. If I take out a home equity loan for 40K and can get my house appraised for 250K while reducing my principal to 200K I can eliminate PMI and roll that money (and then some) into the payment for my home equity loan. Will my mortgage company accept the home equity loans company’s appraisal (it should be done by an outside company). Also, the reason I layed out so much information is because I am also fishing for any advice I can get on this situation. Thanks for any input at all!
If You Filed For Bankruptcy 8 Years Ago Can You Take Out A Home Equity Loan?
Wednesday, June 24th, 2009Can you take out a home equity loan with your bank
Will It Be Difficult For Me To Get A Home Equity Loan?
Tuesday, June 23rd, 2009hi, I am thinking about getting a home equity loan to pay for my daughter tuition for school. My credit is not very good but, I do have over 75,000 in equity. I am thinking about applying for 25k and was wondering if it would be difficult. I am applying for the loan through the same bank that holds my mortgage, which I have never been late on. thanks!
Which Would Be Better For Us, Taking Out A Home Equity Loan Or Refinancing?
Friday, June 19th, 2009My husband and I want to take about $15,000 to pay off debt and renovate our home, which we just purchased last July. Our current interest rate is 7.25% and we owe about 65k on our home that appraised at 100k. The problem is that our credit is not great and not well established. Which would be the best option for us, home equity loan or refinance?
Can Someone Co-signing For A Home Equity Loan Write Off Interest In Taxes?
Wednesday, June 17th, 2009A friend needs a home equity loan and needs a co-signer. Can the co-signer write off the interest paid in his/her taxes?
How 2 Solve For Potential Amount Of Credit Available For Home Equity Loan?
Friday, June 12th, 2009Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit that’s available to Ramon for a home equity loan?
Will Lenders Bid For My Mortgage Refinance?
Wednesday, June 10th, 2009I have great credit and want to refinance. I’m the perfect customer for any lender. So why do I have to do all the leg-work to find the best rate? Is there anywhere where lenders will bid rates & points against each other in an effort to obtain my business? (I will report spam - so don’t bother with that!)
I’m doing a lot of research but I’m afraid I will miss out on the best deal because I just can’t look “everywhere”!
Can I Apply For Home Equity Loan While House Is Listed For Sale?
Sunday, June 7th, 2009In MD area, is it possible to apply for home equity loan while house is listed for sale? I am trying to purchase a land/lot, but need home equity loan for downpayment. I know loan guidelines have been pretty tight recently. If my house is sold, home equity would obviously be paid off from the proceeds. Thanks
What Is The 4506-t For In Regards To A Mortgage Refinance?
Friday, June 5th, 2009I am a loan officer for a mortgage company refinancing one of my clients. He is stating his income as he is self-employed. One of the conditions required by the lender is a 4506-T tax form. I forwarded it to my client, but he is hesitant to submit this form in fears of being audited by the IRS? What is the likelyhood of this actually happening and what would need to happen for the IRS to take such drastic measures? Otherwise I’m not sure why this is a requirement from the lender…