Saturday, 3. September 2011
my husband and i are in the process of buying our first home, it needs some work and we have some other debts we would like to pay off. are we able to get a home equity loan right away or do we have to wait until we are in the home a little while?
Friday, 20. May 2011
I moved from PR to FL, and would like to consolidate debts.
Friday, 13. May 2011
My wife and I are expecting a child coming in May and we will be looking at added expenses, in the last year I was laid off at work and had to accept a position that hasn’t allowed us to afford the lifestyle we are stuck in currently. We have had our house for 2.5 years and have never had a delinquency nor on any other credit items. The option was brought up to me that the loan we have through our first time home buyers agency "Kentucky Housing" has a forbearance program that if you are 90 days past due that they have the ability to adjust the mortgage for up to 3 years that can lower our interest rate from 6.5 to 3% for that term to give us a chance to bounce back, I would hope in this time period we would be able to rework our finances. I am currently selling the cars we have payments on and doing anything else to lower our debts. Our current credit scores are 740-750, so I am really concerned about being 90 days delinqent. This would save us aprox 300-350 for 3 years and would allow us to keep the equity in the house vs. refinancing which since we have only had the house for a short period would put us back to where we started at on the original value and would only save us aprox 130 a month granted long term would be more benificial but we would probably plan to sell this house with in 3-4 years.
Monday, 11. April 2011
My father is going to a nursing home and is now refusing to pay me back for the debts. Please help.
Sunday, 20. March 2011
I called Quick Loans to get some extra cash.I am a home owner with equity and right now my loan with my bank that I have is 5.87 interest 30 year fixed.I have 4,000 debt 2 are high interest credit cards the rest are hospital and doctor bills.My credit score is not that great but have kept payments up on mortgage.I wanted 20,000
cash out for a loan .They offered me 133,800 fixed paying only interest for 10 years.They gave me a 6% fixed rate paying off all debts and the rest of the 20,000 to invest and possibly make a profit.My mortgage payment now is 790.00 a month paying principle and interest .The new pay debt would be 878.00 per month paying interest only for 10 years.They also want a good faith deposit of
500.00 and will go towards the loan.This would make my credit slate clean.Should I do this?
Wednesday, 16. February 2011
attack this debt the smart way? The credit card has a pretty good fixed rate. The home equity loan is adjustable and it is creeping up steadily. So far, I’ve been paying extra on both debts. Would it make sense to pay more on one than the other?
Friday, 28. January 2011
I guess im one of the millions who dreamt of owning their own home, I bought this house abt 3 yrs ago, hoping i could build equity and put it on sale. But i used the equity to pay off my debts for a lower interest rate. Now my house is undervalued at about 35-50K. Im not saving any money. I feel like i should walk away. But if I do, what happens to my equity loan? What are my consequences besides bad credit rating? I live here in illinois
i am the only person on the mortgage. will this affect my husband credit rating too?
i have known some people who has bailed on their current homes and bought one that is more affordable, how is this so?
Friday, 28. January 2011
I was recently divorced, my daughter is in college. I fell behind on some payments on my credit cards in an effort to support my daughters educational needs. I have two homes with approx. ,000.00 worth of equity. I requested from a local bank where i already have a note to borrow approx. ,000.00 to pay off all cards and other debts. The banking institution refused my request, stating that i have some delinquent payment issues, on cards, etc. He stated since i have a note with them the only thing he can do, is re-adjust my payments on that particular note i have with them. I am new at this type thing, could someone please give me some advice? I am just trying to bail myself out of the hold that i am in, to make a life better for my daughter.