I 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?
Posts Tagged ‘Should’
Should I Take Out A Home Equity Loan To Pay Off My Private Student Loans?
Saturday, June 27th, 2009Should I Refinance My Mortgage Or Pay Off Revolving Debt?
Monday, June 22nd, 2009Should 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 (which would pay off all my credit cards)?
How Should I Go About Selling My Current Home That I Have A Mortgage And Home Equity Loan On And Go About…..
Saturday, June 20th, 2009We 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? We have a mortgage on the house we live in now and a home equity loan also, so we need to sell this one and get another home and a new mortgage on a new one. What are the steps to take to do all of this? Please help!!!
Should You Use A Different Lending Company When Applying For A Home Equity Loan?
Wednesday, June 17th, 2009We are going to apply for a home equity loan so we can put a pool in.Should we apply with our current mortgage company or someone new. Does it matter?
What Should I Do To Get Lower Interest Rates When I Get A Mortgage Refinance Loan?
Wednesday, June 17th, 2009You have to shop around for the best one. That’s not saying they will be less than your original mortgage rate was because rates have gone up.
Should I Get An Home Equity Loan Or Should I Save My Money And Pay With Cash?
Sunday, June 14th, 2009I own a house that will be paid off next year.
I want to do some remodeling in my house like a new kitchen, all new travertine floors, new doors and some other things.
The total of my remodeling will be about $45,000 including all the labor and materials.
My question is: Do I get a home equity loan for 7% to8% or do I save my extra cash and pay for the remodeling in full in about 2-3 years after I pay off my house?
If I get a home equity loan for about 5 years, I will pay nearly $10,000 in interest alone. That’s a lot of money!
Any ideas?
P.S. I have no debt except my house loan. No credit cards, no cars, no school loans, no nothing!I have a credit score of 780 and I don’t like to pay interest if I don’t have to!
Should You Get A Home-equity Loan With The Bank That Holds Your Mortgage?
Sunday, June 14th, 2009We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.
We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?
Any tips would be helpful as we’ve never done this before.
Should I Pay Down My Home Equity Loan Or Pay Off Credit Cards?
Friday, June 12th, 2009Hi. My home equity loan is an interest only adjustable and I am currently paying something like 7.02 (I have a rate of 1.25 below prime). I also have credit card debt on two cards, but they are fixed at 4.02 and 4.99. I know its usually better to not have the credit card debt, but since the rates are fixed and lower than my heloc, should I work on paying the heloc off first (I owe twice as much on my heloc as I do on my credit cards). Thanks.
Should I Get A Home Equity Loan To Pay Off Back Taxes?
Wednesday, June 10th, 2009I need to pay off about $30,000 in back taxes. Is it better to take out a home equity loan, cash in stock, or borrow or liquidate a 401K?
Should I Take A Home Equity Loan To Pay Off The 17,000 In Medical Bills I Have?
Tuesday, June 9th, 2009I got these medical bills from a recent surgery and its causing a huge financial strain on me. I make enough to live comfortably, but not enough to live comfortably and pay this incredible amount of money every month. I am just wondering, since interest rates are so low right now, is it the right time to take out a home equity loan?