Easy Home Equity Loan » debts

can we get a home equity loan?

admin — Sat, 03 Sep 2011 02:48:34 +0000

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?

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can i get a home equity loan from a property located in PR, territory of US, while living in US?

admin — Fri, 20 May 2011 00:35:58 +0000

I moved from PR to FL, and would like to consolidate debts.

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How hard is it to recover from a 90 past due on mortgage?

admin — Fri, 13 May 2011 11:14:07 +0000

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.

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I incurred $80,000 debt on behalf of my father that includes a second mortgage and his unpaid medical bills.?

admin — Sun, 10 Apr 2011 21:01:17 +0000

My father is going to a nursing home and is now refusing to pay me back for the debts. Please help.

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This is what Quick Loans has to offer me?

admin — Sun, 20 Mar 2011 01:14:50 +0000

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?

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We have $13,000 in credit card debt (just one card) and $30,000 on a home equity loan. How do we?

admin — Wed, 16 Feb 2011 05:03:33 +0000

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?

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Should I foreclose? short sale? pls help!!?

admin — Fri, 28 Jan 2011 15:41:52 +0000

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?

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How can i get a home equity loan or line of credit to pay off debt,everyone is looking at my credit issues.?

admin — Fri, 28 Jan 2011 15:23:03 +0000

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.

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How do you feel about Debt Consolidation?

admin — Wed, 19 Jan 2011 18:40:10 +0000

My husband and I are about ,000 into debt. We just bought a home last year and you know how it goes from then on. Between the two of us, it’s not too high of a number but with HIGH HIGH interest rates, it feels like it will never go away. We are looking into a personal loan (home equity loan not an option at this time). We want to payoff all our debts and use the rest for finishing our basement. I do the bills, and can’t stand the anxiety associated with making sure everything is where it should be on time. From personal experiences, has anyone benfitted or had a loss from taking out a personal loan and re paying it back over time?

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Credit Cards Past Due – Need Advice about Credit Counseling/Negotiating/Bankruptcy Please!?

admin — Mon, 17 Jan 2011 15:47:20 +0000

I have approx. 40K between 4 credit cards that I had before I was married. These credit cards are in my name only, not my husband’s. I have always paid my debts on time and have never been late until the past few months. I am now past due 30-60 days and now owe late fees and over the limit fees and can’t even afford the minimum payments any longer. I have been basically sticking my head in the sand about my financial situation for almost 2 years and borrowing from Peter to pay Paul.

My husband and I jointly have a home loan with a balance of 92K and a home equity loan with a balance of 30K. Our home is worth about 120K so we have no equity. We are current and have never been late on our mortgage loans. We live in Indiana.
My husband has a car loan in his name only. It is current and have never been paid late.
My husband has 2 credit cards with a balance of 11K. These are current and have never been paid late.

I now only work part-time making approx. 0-400 gross per month. I am trying to also substitute teach to make more money.
My husband works full-time and this is how we afford to make our mortgage payment, car payments and his credit card payments on time. We are trying our best to make certain his credit stays good.
My husband has a credit score above 680. I believe mine was 640 until the last few months – now I am sure mine is terrible due to my lack of payments.

I am looking for advice. I have tried to negotiate with my credit card companies and offered to send as much as I can until I can find a higher paying job/more hours. However, they are not agreeing to this and won’t stop the fees/high interest rates from accumulating. I almost feel like it is pointless to send anything because my balance just gets higher after sending a payment.

I definitely want to pay my obligations. I have looked into credit counseling but until I have more income, I can’t afford to make the kind of payments that is required. One counselor suggested that I file bankruptcy individually but I don’t know if that is a real option since I am married. My husband’s credit is perfect and I don’t want to risk his credit.

If I can/should file bankruptcy as my only option, can I still pay back my debt – just on my own terms that I can afford?

If I don’t pay my credit cards, what will happen? Can they take my house or affect my husband’s credit? If they sue me, will the court allow me to make payments that I can afford?

I know this is a lot of information and questions. I truly appreciate your help!!! The stress of this is killing me. I am so tired of worrying.
I have twins so it is tearing me apart to have to put them in daycare in order to work full-time until they are a bit older. Plus, by the time I pay for daycare it’s hardly worth it.
Marq suggests ignoring the calls, etc. But won’t the credit card companies sue me and then I’ll even owe more? If they do sue me, can I get my house?