Links to fixed rate mortgages and other home equity loans…
Breanne asked: we have lived in our house for 5 years and have been fixing it up the whole time were looking at putting an addition on but need about 15,000 to do that what would be best a home equity loan, refinance our morgage (currently at 5.25 interest rate) and if we do go [...]
Continue Reading what is a home equity loan or line excatly?
Tags: Money, Morgage, Whole Time
Aricia asked: I want to buy a used lexus IS250 for 24,000. Great carfax and low mileage (29000). The interest rates on used cars are so high. I also have an option to borrow against my pension (4.9%). The only problem with that is they will only take money from my paycheck during the school [...]
Continue Reading Which is better a home equity loan or line of credit?
Tags: Paycheck, Pension Loan, School Year
kay asked: I was transferred the family home shortly before my mom passed away. The house has no debt owed on it (but very high prop taxes). It’s in major need of repair (eg crazy plumbing leaks, outdated electrical), but I’m a recent college grad with a fair amount of loan debt & next to [...]
Continue Reading Home Equity Line of Credit or Mortgage?
Tags: Equity Line Of Credit, Home Equity Line, Mom
Box Beatle asked: I will try to make this short, it is complicated. We own 2 commerical buildings, and our home. We have been trying to pay down credit cards for 4 years now with Consumer Credit Counselors. Well economy is terrible, lost my job, and have taken a huge pay cut at my new [...]
Continue Reading Is there help for us to combine our home equity and home mortgage?
Tags: Economy, Rate Home Equity, Sba Loan
asked: I have a adjustable rate witch is changing to 3.87% with a 2 point cap yearly and was at 5.37%, is it worth the coast to refinance at a 30 year fixed rate of 4.875% with no points. I have a 30,000 home equity line witch can not be rolled in to the loan [...]
Continue Reading Should I go to a fixed rate?
Paul W asked: I currently have a 10.5% Home equity loan but would like to get a lower rate. Since there is much less equity in my home today than when I purchased, I would need to pay half the balance to get a HELOC at 5.5% and achieve the necessary LTV of the home. [...]
Continue Reading Are there negatives when transfering balances from a high rate HE loan to a low rate card card?
Tags: Heloc, Home Equity Loan, Low Interest
Greg asked: For example, let’s say you saved your whole life and a couple of years ago used 80,000 dollars of your savings to make a 20% down payment on a home so that you could get a prime 15 year fixed rate loan. Now let’s say you are being asked to relocate by your [...]
Continue Reading Are you sick of people who try to moralize about the economic crisis using vague generalities?
Tags: Consumption, Economic Crisis, Job
James H asked: Hi I have a mortgate of around 2 years old and is a 30 year fixed rate at 6.5%. With interest rates being slashed right now and house prices dwindling it would make a lot of sense to be able to refinance the mortgage at a much reduced rate, lower the monthly [...]
Continue Reading Refinance current mortgage?
CruisesUnlimited asked: I currently pay 2 different mortage payments with 3rd Federal bank. I would like to turn the 2 mortgages into one. I want to turn my home equity variable loan into a LOW fixed rate. How and where do I go about doing this? Which companies offer the lowest rate? How do I [...]
Continue Reading I live in Florida. I own the house that I live in. I also own a condo that I rent?
Tags: Loan Rate, Mortage Payments, Mortgages
Tim C asked: I understand that the loan amount must be equal to or less than 80% of the property value, I’m just not sure what type of loan I should be looking for. In addition, I went to a bank and they said the loan will be adjustable, I also asked my mortgage broker [...]
Continue Reading I’m trying to get a loan off my parents house (about 250k), should I be getting a home equity line of credit?
Tags: Home Equity Line, Home Equity Line Of Credit, Mortgage Broker
