Easy Home Equity Loan » home equity loan

how to take equity loan on investment home that has no mortgage due?

admin — Mon, 26 Dec 2011 00:15:45 +0000

I want to pay off all bills with a home equity loan from property bought for investment. Paid cash and dont have any mortgage payments. I recieve rent monthly from tenants, am on unemployment, and recieve ssi monthly. Can you help me?

Interesting Blogs

Will move in 5 years, best to pay off home equity loan of $15k, or combine with home loan and refinance?

admin — Thu, 22 Dec 2011 00:24:46 +0000

Right now my home equity loan is at 7.4%, and my home loan is at 5.35%
I am leaning towards paying off my home equity loan, but should i combine my two loans and refinance instead?

Interesting Blogs

What companies give home equity loans to people with bad credit to fix the bad credit?

admin — Sat, 17 Dec 2011 00:17:42 +0000

I have a poor credit score, but owe very little on my house. I have lots of equity and would like to eliminate the bad debt with a home equity loan. What reputable companies can help?

Interesting Blogs

What are the best sources of information on Prime equity home loans

admin — Wed, 26 Oct 2011 00:14:27 +0000

I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

Interesting Blogs

Home Loan and Home Equity Loan Refinance question?

admin — Mon, 12 Sep 2011 00:16:04 +0000

If you have a home loan and a home equity loan, if you refinance can you roll the two into one or do you always have to keep the two seperate?

Interesting Blogs

Can a house be foreclosed on if you have a home equity loan?

admin — Sun, 11 Sep 2011 02:43:10 +0000

I’m in an argument with my neighbor. He has a house worth approx 300,000. and he is worried because he is on a fixed income and has a home equity loan of 45,000. He’s worried about the state of the economy and afraid he might lose his home. He is making his payments just fine right now but is worried about the future. He’s a senior and unable to go back to work.

Interesting Blogs

given the following information .determine the maximum credit limit available on a home equity loan.?

admin — Wed, 07 Sep 2011 02:44:46 +0000

give the following information ,determine the maximum credit limit available on home equity loan.
market value of home 0,000
maximum% of value 75%
balance due on existing morgage 55,000

Interesting Blogs

Is there a way to take a loan out against an IRA account?

admin — Mon, 05 Sep 2011 08:27:37 +0000

OK, so please read this clarification if you are going to answer (because I can already anticipate the answers and it will not be what I’m looking for if you don’t read this). This is not a 401K loan I am talking about that you get from through your employer (so please don’t go down that path). Also please don’t suggest a home equity loan (the equity in our home is too low for that). I am talking about going through some type of financial institute and having them give me a loan using the IRA as collateral (and obviously taking into consideration the income we are bringing in and credit rating). I am simply trying to find a way to eliminate some credit card debt at a lower interest rate. If that’s not achievable then I will just keep paying off the cards as I am, by making additional payments on each. Thanks in advance.
Thanks for the quick responses guys. I should have also mentioned I was not looking to take a distribution and pay the tax penalties, but the initial answers seem to be on track with what I was thinking.
One of the reason I love Yahoo answers is that I can use the info provided by responders and then use that to google more info. I just googled tax violations thanks to the first answer and this is what I found (which sounds like it’s my solution)….

1
Call the 401k plan administrator for the company you currently work for. Ask whether it will allow you to roll you IRA into the 401k. While this is not the typical rollover discussed in a financial forum, the IRS does allow this and most administrators will agree. Request any paperwork you need from your plan administrator.

2
Call your IRA administrator and request a distribution form. An IRA rollover–regardless of what direction it is moving in–takes a distribution of assets from one account and has 60 days from the date of liquidation to return the assets in kind (cash) into another qualified plan–in this case your 401k.

3
Fill out all paperwork obtained, sign it and submit.

4
Deposit the IRA distribution check into your 401k p

Interesting Blogs

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?

Interesting Blogs

how do i get home equity loan with bad credit ?

admin — Sat, 27 Aug 2011 12:16:12 +0000

my home equity about ,000, never have second lien, never have home equity loan, but i have bad credit score 520, how do t get at least ,000 out from my equity? can’t refinance because bad credit, what is the solution ? my emil andyallam@yahoo.com