Archive for the ‘100 Home Equity Loan’ Category

Can I get an Equity Loan when there are No Mortgages (i.e.100% equity)?

Tuesday, May 25, 2010 4:54 1 Comment

I inherited a home from my parent’s estate that I have 1/3 ownership. I would like to buy out my sister and brother, and there are No Mortgages on the home. It seems I should be able to get an equity loan or line of credit to purchase their 2/3 interests. Can anyone help me?

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Can I use a home equity line of credit to purchase another home?

Sunday, May 23, 2010 4:54 3 Comments

I want to open a home equity line of credit. I have 100% equity in my house and an excellent credit rating. I am planning on moving, but would like to buy another house first, and then sell my current house (which would sell for a higher price than the one I would buy). If [...]

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How soon after buying a home with an FHA loan can you take out a home equity loan?

Saturday, May 22, 2010 4:54 2 Comments

My husband and I just purchased our first home. It was a forclosure and we were able to get a good deal and purchase it with an appraised value of ,000 more than we paid. We have fairly poor credit (the scores are super low, but we only have a few late pays from over [...]

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Should or CAN I combine my Mortgage loan with my home equity loan (Refiance together)?

Friday, May 21, 2010 22:06 5 Comments

In 2006 I purchased a home for 9,000, I took out a mortgage for ,200 at 6.75% (30 years fixed) and a home equity for ,700 at 8.74% (20 years fixed) and put down ,000. I did this so I could avoid PMI which I did. But now I want to refinance since my rate [...]

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how do I get a government small business loan?

Tuesday, April 20, 2010 9:42 2 Comments

i am a single female. i am a minority. i am very young, i currently do not have a job, but i own my home 100%. because i am not working i want to open up my own small business. i keep hearing about how their are government small business loan for minority women. how [...]

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Question about home equity loan?

Monday, April 19, 2010 9:46 2 Comments

I have paid off my house 100%. Now I am thinking may be want to invest on rental property say condo. If I put down ,000 using my home equity to buy another real estate, what is this mean? I would be paying mortgage based on my down payment correct? What if something happens and [...]

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Home equity loan vs. home equity ling of credit?

Monday, April 19, 2010 9:42 2 Comments

I own my home and its approximateey worth is 5,000 or more. I just want to prepare for the recession upcoming. I want to use the money for variable things, like addition of a second bathroom, new walkway, new roof for my 100 year old shed, some medical bills, and some to get me by [...]

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home equity loans?

Sunday, April 18, 2010 9:42 4 Comments

Can I get a home equity loan, if I have a bankruptcy, but there is about 0,000 in equity in the home.

This was posted under category: 100 Home Equity Loan

If you a buy a home w/ 100% fiancing and got some "instant equity" how soon can you refinance?

Saturday, April 17, 2010 7:20 7 Comments

We got approved for a loan w/ 100% fianncing but the payments are high due to PMI. Our price is about K less than the home value, thus we should have some "instant equity". We are just wondering how soon we could refinance in order to have lower payments? There is no pre-payment penalty on [...]

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What loans against a home's equity is 100% tax deductible?

Friday, April 16, 2010 9:48 2 Comments

I get contradictorily answers for the same questions from CPAs, Tax preps, and Banks.

This was posted under category: 100 Home Equity Loan
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