Archive for May, 2009
Monday, May 25th, 2009
safdman asked: My girlfriends ex-husband tricked her into signing a revolving line of credit for the house they owned together when they were married. He also has her listed on the property deed as well as the deed of trust for the revolving line of credit. She recently ...
Posted in mortgage | 3 Comments »
Sunday, May 24th, 2009
Dina Wilson asked: Suppose you have obtained a first mortgage worth ₤150,000 on your property. You have paid ₤70,000 in last 5 years. Your home value has also increased to ₤300,000 in these 5 years. So your home equity is ₤1, 50,000 (₤300,000 - ₤70,000). Now if you take a ...
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Sunday, May 24th, 2009
XINIO654-THE NOLDOR GAYTHEIST asked: I remember for years he saying "american home ownership rates have been rising all throughout my presidency and that's a great thing". Now we have this sub prime mortgage crisis where people who couldn't get a home at first got a home and now they can't ...
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Friday, May 22nd, 2009
*Rock*Girl* asked: How long after purchasing a home do you have to wait to take out a home equity loan? Do you have to re-close? Are there loan you can take out beside equity if you own a home?Brenda
Posted in mortgage | 4 Comments »
Thursday, May 21st, 2009
Steven James asked: Home equity loans and lines of credit usually are repaid in a shorter period than first mortgages. Home equity loans are attractive to borrowers for a few main reasons:They typically have a lower interest rate (or APR)They are easier to qualify for if you have bad creditPayments ...
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Wednesday, May 20th, 2009
don c asked: The house is only 10k. So if I pay 10k cash, how fast can I do a home equity loan for that 10k? I need to make repairs as it is a foreclosure in poor condition. Can I do a refinance loan and get more than I ...
Posted in mortgage | 3 Comments »
Wednesday, May 20th, 2009
T J Madigan asked: You might have heard a lot about the home equity loan from friends or co-workers, but still you are not sure what it is and how it works. But really, what is a home equity loan? To understand what it is and how it works, first ...
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Monday, May 18th, 2009
Franco asked: I understand that mortgages were given to some very risky people who later could not keep up the payments.
But mortgage loans are backed by property and the lenders could have recovered their loans. So why the losses?Plumbing Tips For Homeowners
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Saturday, May 16th, 2009
Brigitta Schwulst asked: As the owner of your own home, you have a very important resource available to help you weather many financial storms including the current global credit crunch. With the credit crunch in the news on a daily basis, it's a good time to take a look at ...
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Friday, May 15th, 2009
gradjimbo asked: Does anyone know the typical point for a home equity line of credit ? By point, I mean the up-front fee that is proportional to the credit limit. So if the term asks for 5 points (5%) and the line of credit is $100,000, there is ...
Posted in mortgage | 3 Comments »
