Friday, 3. September 2010
I own a home and want some extra money.I have about 200,000 equity on my home and my loan is for a 100,000.My credit is not the best in the world.I have 2 credit cards total of 1,700 dollars and owe a few doctor bills totaling 730 dollars.My house payments are current and I have no car loan.My salary just barely pays my bills.Maybe I can leave some money in a high interest account to acquire some money from the equity loan too and use some of the money to do a few things to house but not major remodeling just new carpet,paint landscaping etc etc.What is the best way to get some extra cash,I am a single mom and only have my one income coing in and can’t take another job because I have to take care of my other responsiblities as a mom.Please no loan companies respond. Just want to make my quaility of life a little better.Thanks anyone.
Interesting Blogs
Tuesday, 31. August 2010
I’ve lived in a co-op for over 20 years. Recently, the HUD loan was paid off for this property. Now, we have converted to market rate condos, and we can sell our unit for whatever the market will bear.
I could really use a loan for paying down debt I’ve aquired over the years, and for home improvement as well. Would it be possible for me to obtain a mortgage for maybe half of what my unit is worth (,000-25,000), and like buy it from MYSELF, so I can keep the place I live in, and also have money to payoff some high interest loans and credit cards? It’d be like a refinance, but I am basically not financed at the moment. Others here have sold to real estate offices, and other buyers. I am just interested in getting some equity out of my unit for now. I am ready to move immediately forward if this, if this is a possibility. What do you all think? Possible, or IMpossible?
Interesting Blogs
Monday, 23. August 2010
I have ,000 in total credit card debt (3 cards). Interest rates are 4.99, 5.99 and 11.74. The card with the highest balance is also the highest interest rate. According to a debt calculator I used, I can pay them off in 42 months with my income. I have been offered a fixed rate personal loan of ,000 at 7.74%. I would pay off the credit cards and use the rest for legal fees (personal situation). Using the same debt calculator, I can pay the loan off in 48 months easily and probably sooner.
Is it worth it to apply for the loan? Will it hurt or help my credit? I do need the extra cash and do not want to take it from my home equity or put more on credit cards. Thank you for your responses.
Interesting Blogs
Thursday, 19. August 2010
I bought a "fixer upper" house 2-1/2 years ago for ,000. I put ,000 into it using various credit cards with 0% intro rates that are or about to run out. Meaning I will be paying a lot of interest if I dont do something in the next few months. The house now appraises at 5,000 so thats a potential profit of ,000 that I can make. Plus I wont have to pay any capital gains on my profit because it was my primary residence for 2+ years. I am also on a 5/1 ARM loan because of the fact that I did not plan on living in this area that long.
I wouldnt mind staying in the house but I want to buy another property to rent out but dont have any additional funds to do so. Do you think it is better to sell of this house and pay off the debts and start with a clean slate? Refinance and pay off the credit cards and make a down payment on a rental house? or get a line of credit to pay off credit cards and make a down payment on a rental house?
Interesting Blogs
Monday, 16. August 2010
Ok so I bought my house this year in may, I put 13,000 down on loan. I had just taken out a loan to pay off all my credit cards and it has a high rate 23apr. I seen rates are real low for home equity at my bank. my question is…..even though I’ve only had my house 6 months can I get a home equity loan? also My loan has a prepayment penalty the first 3 years "lower the longer" , so would I still even be able to get a home equity loan? also would this be in my best interest to even do this?
Interesting Blogs
Wednesday, 11. August 2010
Im looking to get a home equity loan from my bank. Already started the process, im just waiting on the drive by appraisal. Im just looking for around ,000 to pay off credit cards i dont use anymore. I dont use credit cards anymore period. But want to be able to pay them off within 5 years, and with all these interest hikes over the past year ill never do it by paying them directly. So i figured even with the highest interest rate for a home equity loan i can have them paid in under 5 years and save over 0 a month. What i want to know is since im requesting a little amount of money does my bank have the ability to work with me in bending the rules a bit if the appraisal doesnt come back with at least what i need to get the entire amount. And what all do they use when doing drive by apprasials and do they increase the value of the house in any way? Thanks!
Well, my tax assesment value puts the house and land at about 2,000. And i currently owe ,000. Is there room to work?
The original appraisal was ,000 back in 2007, since we have updated the entire 1100 sq/ft of living space and restructured and replaced the roof at the tune of ,000, reroofed the garage, and finshed a 300 sq/ft enclosed porch, with also landscaping, with pool and shed reconditioning. Total cost of all we did is around ,000. Any thoughts.
Interesting Blogs
Tuesday, 27. July 2010
I got 4 credit cards from 4 different banks. Can I use the personal loan or home equity loan to pay all my balances from these 4 credit cards?
For example, I got a total of 00 debt, each credit card got 00 balance, can I pay them all using my Personal loan from Chase?
Because I was thinking like, I can only use the Loan "from Chase" to pay for my debts on Chase.
Is there a difference between Personal and Home Equity Loans?
Interesting Blogs
Saturday, 24. July 2010
have been approved for a home loan. I found a house that they are asking 9,000 for and I just made an offer of 0,000 hoping I can get a steal because of the way the market is down and continuing to go down. The house is currently worth 8,000 according to the appraisal. I’m pretty sure the bank is going to let it go to me for my offer, so that would mean the minute the doc’s are signed, I just got a house with 8,000 in equity in it. I plan to pay off both my cars and some credit cards using a home equity loan or line of credit, so that I only have the house payment to pay. How soon after I buy the house, can I be approved for one of these and what does it take to get qualified,. i.e credit score, equity, etc.
1 second ago – 3 days left to answer.
Report It
Interesting Blogs