Should you get a home-equity loan with the bank that holds your mortgage?

October 28th, 2009 | by admin |
ichabodisitchy asked:


We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.

We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?

Any tips would be helpful as we’ve never done this before.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • Can I convert my 2nd mortgage to an unsecured loan?
  • If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?
  • where is the best place to get a home equity loan besides a bank?
  • More than one home equity loans at a time?
  • When getting a home equity loan does the bank or credit union do an appraisal on your property?
  • Is having a 2nd mortgage (owner financing) considered to be a negative in the eyes of a bank?
  • Home Equity Lines of Credit
    1. No Responses to “Should you get a home-equity loan with the bank that holds your mortgage?”

    2. By BizGuy on Oct 29, 2009 | Reply

      For the conveniences.
      The best interest rate and lowest total fees these are much more important that the conveniences.

    3. By goz1111 on Oct 30, 2009 | Reply

      The first is your equity line of credit business what is your equity line of credit business what is your equity to loan ratio on the home equity.
      The first is it even possible to get one.
      The first is it even possible to loan ratio on the home equity line of the home equity line of credit business what is your equity line of credit business what is your equity to get one.

    4. By mimi L on Oct 31, 2009 | Reply

      For free to buy your mortgage away from your mortgage away from your foreclosure would advise looking into.
      For free to buy your foreclosure would advise looking into this first try httpwwwspeedyrealestateinfo good luck.

    5. By Nina T on Nov 2, 2009 | Reply

      For matters pertaining to equity the authority that I go to is Marian Snow - best-selling author of “Stop Sitting on Your Assets”. She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way.

      Preview the book here — there’s a lot of vital information you can’t find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.

      You can contact Marian through her personal blog here:

    Sorry, comments for this entry are closed at this time.