Archive for June, 2009

Do you need good credit to take out a home equity loan? Will bad credit affect chances of being considered?

Thursday, June 25th, 2009

brandy2002 asked: My credit is poor but I have probably $80k in equity in my home. Will a bank refuse to approve a home equity loan because of bad credit?

What to look for when shopping around for home equity loans?

Monday, June 22nd, 2009

27amDotCom asked: Any advice on what to look for when shopping around for home equity loans? Are there referral commissions? I have a couple of individuals looking for a home equity loan ... I told them I'd look into it for them. I'd like to find a quality vendor, but if referrals ...

Is it possible to refinance a home equity loan to be able to get a lower rate?

Monday, June 22nd, 2009

CHRISTINA N asked: Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.Arthur

Has the media replaced the sub prime loans as the fuel that is expanding the recession?

Sunday, June 21st, 2009

wondering asked: how is the economy and confidence related?Fireplace Design Ideas

Home Equity Line of Credit: Key Benefits

Saturday, June 20th, 2009

Lesley Lyon asked: Home equity loans are supposed to be a type of second mortgage loans. Money is borrowed against the value of the house. Even though it carries risk, it is worth taking it.The common type of home equity loan is called as a “closed end” equity loan which ...

Home Equity Loans: Financial Aide Against Home Equity

Friday, June 19th, 2009

Dina Wilson asked: You may have heard the term home equity loan but are not really sure whether this type of loan will work for you. The first step is to understand the concept of home equity.Equity is the worth of your home after reducing the amount to be paid ...

Can a fixed home equity loan drop my credit score?

Friday, June 19th, 2009

happydawg asked: I requested $10,000 dollar home equity loan to roof my house. My FICO score was 780 until approx March when I applied for a home equity loan at a fixed rate. Now my FICO score is 740. What happened? I am never late on any ...

What is the history of the sub-prime mortgage mess?

Friday, June 19th, 2009

rosegardennh asked: I have heard it began in 1993....Who are the major players, beneficiaries and what are the major parts of legislation enabling this mess. What events led up to the fall out. At what point did the rich start selling their securities backed by these mortgages?How ...

How do you buy investment property with a home equity loan?

Friday, June 19th, 2009

Patricia P asked: My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don't have money of our own in the bank ...

WHY ARE THE DEMS BEING BLAMED FOR SUB PRIME ?

Wednesday, June 17th, 2009

grgrynoel asked: these mortgages have been headed for a bad situation way before the Dem's had office .Dem's did not ruin the sub prime situation it was on the verge of destruction before they even got there .the economy being the way it is now is not because of the ...