Easy Home Equity Loan » equity loan

Who does home equity loans at more the 80% still?

admin — Thu, 04 Aug 2011 17:02:39 +0000

We have a house at 94900, and appraised at 125000 but it seems like every bank only loans at 80% of value now which is not much. Any ideas?
thanks for the answers so far. Can I get a fha equity loan if my mortage is a conventional fixed not a fha? Thanks

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What do you know about Home Equity Loans for paying off credit card debt?

admin — Tue, 07 Jun 2011 05:04:27 +0000

I have ,000 in credit card debt that is making me desperate.
I have approximately ,000 in my home equity.
I have about ,000 in an IRA.
All of my credit card interest rates are below 8%, but would I be better off consolidating the credit card debt and getting an Equity loan of some type over 10 years?
I’ve never missed any minimum payments or any payments on bills.

I’m worried about continuing to be able to pay the high credit card payments.

My mortgage rate is 5.25% and although I could sell my home and pay it off, I think the mortgage rate I’m paying would be less than even rent if I sell the house.

What are the positives/negatives of Home Equity Loans?
Thanks in advance.

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Do Home Loan Modifications include our equity loan?

admin — Fri, 27 May 2011 02:43:00 +0000

Mortgage is with Chase, equity loan is also with Chase. We applied for a loan modification. Due to job loss, decreased pay we cannot continue to make our home loan and equity loan payments.

Wondering if they will adjust/combine our equity loan in our home loan modification. I can’t get a straight answer from Chase regarding specifics until underwriter has approved.

Does any one know, or has had experience with Chase or this scenario.
Thanks!

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Do Home Loan Modifications include our equity loan?

admin — Fri, 27 May 2011 02:43:00 +0000

Mortgage is with Chase, equity loan is also with Chase. We applied for a loan modification. Due to job loss, decreased pay we cannot continue to make our home loan and equity loan payments.

Wondering if they will adjust/combine our equity loan in our home loan modification. I can’t get a straight answer from Chase regarding specifics until underwriter has approved.

Does any one know, or has had experience with Chase or this scenario.
Thanks!

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My home in NH was foreclosed on and Beneficial finance tells me that I still owe them on the home equity loan ?

admin — Mon, 21 Mar 2011 17:44:25 +0000

I owe them 15k and they said foreclosure does not release me of the equity loan with them and are demanding monthly payments.

Is this true? What if I just stop paying them?

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How hard to get home equity loan?

admin — Fri, 11 Feb 2011 07:43:31 +0000

I recently inherited a New England farmhouse assessed at 0,000. The roof needs to be replaced along with plumbing, electric etc. My credit is in the low 600 range and I am not working, as I am a full time student. I am a disabled vet so I do have a set income and my wife does as well. Would it be hard for us to get a equity loan for around 160, 000 with less then good credit.

Thanks

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need a home equity loan home equity 300,000 credit score 560?

admin — Mon, 07 Feb 2011 00:17:35 +0000

My friend has a equity in his home 0,000 but his credit score is 560. He wants her daughter to take the equity loan but she is not in the deed.

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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 easy is it to get a home equity loan? I would like to use that to pay off cc debt.?

admin — Wed, 19 Jan 2011 12:16:04 +0000

Im not quite sure if I should be going to a mortgage broker to apply for one, or just go to each bank individually? Also, are there any out there that do not have a repayment penalty? I am also assuming that once the property sells the loan needs to be automatically repaid.

I would also like to know how this will affect my credit score. Is it better to have an X amount on credit cards, or have that same amount on an equity loan.
Thanks
I already know the whole "you shouldint have gotten yourself into debt" speech. My husband and I paid for our own wedding, therefore the debt.

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I am applying for a home EQUITY LOAN how does that differ from a regular mortgage & does experian look at it ?

admin — Wed, 15 Dec 2010 22:10:50 +0000

I am applying for a home "EQUITY LOAN" how does that differ from a regular mortgage? & does experian look at it the same when calculating there "credit scores" ? ( I know they look at "EQUITY LINES OF CREDIT" negatively if used to the max.