Monday, 15. November 2010
ok in new york and i know the prime rate now is 7.75% is this the rate you use when refinancing or is this for home equity loans, someone told me refinancing was the libor index, i’m confuse lol , i’m thinking of refinancing, havn’t started shoping around as yet, just wondering what the current index rate for refinancing was, and i don’t mean adjustable rates … long story short i know i’m confusing lol can someone check out this website and tell me which index rate is use to refinance http://www.moneycafe.com/library/prime.htm
any help would be grealty appreciated as i now learning 
thanks
Lin
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Saturday, 30. October 2010
I don’t know too much about equity. I know what it is, but I don’t know what happens with it. Is this cash in the owner’s pocket or is it just used for their a new home purchase. Why do people have Home Equity loans?
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Wednesday, 20. October 2010
My mother is running out of money (she is selling her house) and it is coming down to the only money she has is in the equity of her house (@0,000). She currently has a mortgage at 7% for 50,600. She is considering a home equity loan or a home equity line of credit. I see home equity loans for about 7% and HE Line of Credits for 6.5% (quick searches that I’ve seen). Which is a better choice if she sells her house in the next 6months-1year and should she pay off her mortgage passed on these interest rates on the HEL and HELOC?
Any suggestions is greatly appreciated!
She is 69 years old…I shy away from a reverse mortgage due to the large fees that are involved in setting it up. The house is currently on sale.
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Wednesday, 29. September 2010
I have a bout 100,000K in home equity that I used and make payments monthly, I am trying to get a modification on my home Mortgage, so at the same time do home equity loans get modification as well, if I call the bank of America (my equity loan provider) can I ask for modification on the Equity Loan?
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Friday, 17. September 2010
The American citizens get yet another Christmas Present. Our dumb as a rock Congress has voted to allow unlimited funding of Fannie and Freddie Mac through 2012 to weather any financial downturn we may have. Now considering that all of this money printing they are doing is sending us on the road to hyperinflation…and considering the fact that so many people are underwater with their home equity loans and interest rates are going to skyrocket in the future, couldn’t this once again get to be very expensive? At what point can we throw the members of Congress in jail along side Bernie Madoff?
Ed, how convenient of YOU to neglect that a bill for more regulation got through the Senate banking and finance committee in 2004 and Chris Dodd filibustered it. Also, Barney Frank was very vocal in his opposition so please don’t put this on Bush
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Thursday, 9. September 2010
I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.
Proof of keyword search, "aapexmrtg" and result is listed bellow.
Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save
Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save
Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site -
Interesting Blogs
Monday, 30. August 2010
We paid 35,000 for our home and are on a 5 yr ballon note w/10% interest rate. We have been here going on 2 yrs. We would like to renovate the kitchen and bathroom. I currently have a small loan w/CitiFinancial. They sent a letter in the mail offering to refin our home w/ the interest rate 11%. The appraiser came out today, but we are not sure yet what the property is worth . We really have no idea how refinancing or home equity loans/lines of credits work,can someone please give us some sound advice please. I read over some of the questions posted here and Im starting to think we may be making a mistake by refinancing our home. Also one last question if we decided not to go with the offer from citi how is stuck w/ the appraisers bill??? thank you
I will be looking online for a mortgage broker as suggested ,meanwhile can anyone suggest a few good mortgage brokers. And wouldnt the Rate be determined by my credit currently 625. Also,is it fact that each inquiry will need a credit check and therefore it will post on my credit report which brings the credit score down 3 points per inquiry. I am concerned about this. Im currently at a 625 with a thin crdit file however Im slowly building my credit by making my pymnts to my vehicle and loan and credit card. I will be taking the advice from the posters and look for other alternatives or at best a lower rate. Thank you all very much
I understand that the appraisal fee’s are coming out of my pocket if I am to take the loan through citi financial but they did not say anything about who covers the fee if I dont take the loan. Could I be the one responsible even if I turn there offer down?
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Wednesday, 25. August 2010
I am looking to consolidate/ pay off my bills with a home equity loan but I only have a credit score of 630! I am afraid that the credit inquiries will LOWER my score more if I am denied. Should I even bother trying to get one? I don’t want to mess up my credit any more.
Are home equity loans credit based?
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