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.
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Sunday, 29. August 2010
I have less than 15% equity in my home and need to consolidate some bills. My FICO is right at 530 and I have one late mortgage payment about 3 months ago. The amount I need is about 10% equity in my home, but can’t find a lender willing to let me have the money with such a low score. At this point in time, the interest rate is not as important as getting some things paid before they begin to affect my credit even more. Anyone know of any companies out there that will go with a 100% equity loan with my bad credit score?
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Tuesday, 24. August 2010
Have mortage loan at 100K (currently 1/3rd below value of home) Took out a 50K equity loan 3 years ago (needed for emergency reasons) – originally paid monthly interest around 5.00 but over time has jumped to nearly 0 just interest. This is killing me to pay each month for last 2 years. Credit rating is slightly mid-average and my income does not qualify me to merge both morgage and equity balances. I would appreciate any advice on what options I have, I am at a lost what to do.
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Friday, 20. August 2010
A home is appraised at ,500.00 dollars, and the homeowner took out an equity loan for ,100.00 dollars, and at an interest rate of 8.30 %, and if the home was foreclosed, what equity would be left in the home to help the homeowner. Does the homeowner still have some kind of compensation coming from the home, or will the homeowner still owe an amount?
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Monday, 16. August 2010
We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around ,000) and then do a 2nd (Equity loan) for the rest…does doing this put us at greater risk for having to pay AMT taxes and if so, in what way (which lines in the 1040 or 6251 affect this)? Is there a better approach we could take?
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Saturday, 7. August 2010
I was wondering if I would be able to obtain an equity loan, or something similar to that, if the property I own is free and clear; and is occupied by tenants.
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Friday, 23. July 2010
My house is paid for, no mortgage, and I’m looking to buy a car via a nome equity loan. Is this tax deductible?
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Wednesday, 21. July 2010
I’m new to loans, but wanted to know that if I were to take over residential real estate property by means of auction, etc., and make monthly payments on it, could I use that property to obtain an equity loan, mortgage loan, or some sort of collateral loan?
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