Equity Loan Information

What to look for when shopping around for home equity loans? 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 commissions are paid out, I'd like to negotiate for that too. How do I figure out what is a "great deal"? PS. I'll happily take general replies but this would be specific to Calgary, Alberta, Canada.

How tax deductible are charitable donations and home equity loans? When they say donations and home equity loans are tax deductible, what does this mean? Does a $1000 donation mean $1000 less federal income tax? Does $1000 paid in interest on a home equity loan mean $1000 less federal income tax?

What are the best sources of information on Prime equity home loans I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

is there a place that offers home equity loans to people that have bad credit? my boyfriend and i own our home with no mortgage. we have around $76,000 of equity in our home but have bad credit. is there somewhere we can go for a loan that works with the better business bureau. i want to make sure its legit.

Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages? I read public records when doing RE research so I'm wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan? Are we saying that a home equity loan automatically shows as a lien?

Home equity loans what happens when my mom dies? My mother who is 85 got a equity loan on her home rather than a reverse mortage loan. I was told today that when she passes the total loan becomes due and payable? Basicly that we can't just keep making the payments. Is that true? She did this loan so the house could stay in the family rather than it being lost at the time of her death? Wat that the right choice any input would be appreciated.

continued from previous question/home equity loans? The house I am planning on buying already has equity in it. If I plan to get a home equity loan to pay off all of my other bills besides the house payment, can I ask my lender who approved me for the home loan to give me a home equity loan at the same time? How do I do that? & wouldnt it look better to them anyway, because I am playing it smart and paying off all of my other debt with it in order to focus on paying the mortgage?

Are architect or permit fees considered part of "construction costs" for home equity loans? We plan to use a home equity loan to rebuild our studio, putting the loan money in a separate bank account and using that account solely for "construction costs" to ensure the interest remains tax-deductible. Question 1: We're paying an architect to design the building and we have to pay the city a permit fee to review and approve the design. Are these two fees considered part of the "construction costs" of a building so we can use the loan to pay these without worrying about the IRS coming after us? Question 2: Given this scenario, would it be wiser to use a Home Equity Line of Credit so we only borrow what we need when we need it? My concern (as always) is variable interest rates on the lines of credit, so I'd get a lower interest rate today, but it might be higher next year. Thanks! Joe

what do I need to know about home equity loans when appling to makd good choice or should I get just a loan? cant decide if I want private loan home equity or 2 moragage dont know which way is best

Is it smart to use a home equity loan to pay off car loans, and a line of credit? My husband and I need to lower our monthly payments. We have no debt except a line of credit for $60,000 with the payment of $410 and two car loans both adding up to about $25,000 and the combined payment of $1050/mo. So, we are spending about $1400/month for these 3 things. If we got a loan for $110,000 and payed all these off, our payment at 6.6% would be around $700/month. Of course I would always pay more than that per month which would go to principle. Why isn't this a good thing to do? I realize that getting a new car would add to our payments once again. So, that would not be smart. Other than that, is this a smart thing to do? It seems like it is, but then why don't more people do this?

Why is it that many loan companies wont provide home equity loans on property that are used for agriculture? One that comes to mind is quicken loans. Any information would be appriciated, thanks. The thing is, my home is included in my land that I use for cattle grazing.

Are people ever denied HELOC or Home Equity Loans when they have a lot of equity in their home? Say someone wanted a 30K Home Equity Loan and they had 200K in equity in their home. Would they get the loan everytime regardless of credit score and other factors?

What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing? I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.

What happens with home equity loans or lines of credit if you file for bankruptcy? Would these debts be "forgiven" also and if so, does this affect your house which was used to achieve the loan?

Are home equity loans tax deductible? My husband and I took out a home equity loan last year. Is the interest tax deductible?

What happens with Home equity loans and lines of credit if you file bankruptcy? Would these debts be "forgiven" also and if so, does this affect your house which was used to achieve the loan?

Limit to Number of Home Equity Loans? I have been purchasing, fixing up, and renting homes in the past year. Since the market is so slow, I am able to quickly build up equity. What I do is take out Home equity loans on the houses and then roll them stright back into the purchase of the next house. I'm worried though that I may hit some limit to the number of loans I have outstanding. It would seem that my credit rating would increase since I'm also paying off credit card loans but am not sure about the bank balking at so much debt. What do you guys think?

What local Florida banks give the most generous home equity loans? and/or which have the best rates?

What is the best way to finance your kids college tuition payments? Loans, home equity?? Would it be better to use 401K loan, home equity, etc.

Home equity loans for people with poor credit? Hello - any info on this subject would be so appreciated. Trying to find a trusted lender that can help us with this. Thanks so much!

Is interest paid for home equity loans and used for investment property deductible?

Are home equity loans a good way to consolidate debt? If not what is better? Instead of paying on 2 credit cards that are fairly high balances, should I pay them off with a equity loan and have one payment and keep my credit card balances zeroed out each month.....

Any tips to getting the lowest interest rates on home equity loans?

Who does home equity loans at more the 80% still? We have a house at 94900, and appraised at 125000 but it seems like every bank only loans at 80% of value now which is not much. Any ideas? thanks for the answers so far. Can I get a fha equity loan if my mortage is a conventional fixed not a fha? Thanks

How do home equity loans work?

Tips to getting the lowest interest rates on home equity loans?

Are there any secrets to getting low interest rates on home equity loans?

Good site to compare home equity loans rates? Is there one site where you can easily compare interest rates?

Does hope for home owners include home equity loans in their programs?

Should I transfer credit card debt to my Home equity loans? If not? why not? Transferring credit card debt to a Home equity load, is this a good thing?

How can one apply for home equity loans ?

Home equity loans vs secondary mortgage? Can anyone explain the difference between a home equity loan vs a secondary/junior mortgage?

Home Equity Loans on Public Records standardly shown? Are they generally sent by lenders to be seen as liens on Public Record even if the loan is being paid back on time?

Does anyone have any experience with Capital One Home Equity loans? Were they fairly easy to work with? Where you satisfied with the turn around time and what they were able to do for you?

Is it better to get a home loan thru home equity line loan? I am thinking of refinancing and Chase Bank is ready to give a 10 yr 170k home equity loan. Is this a better than my existing home mortgage loan. Is there anyone who has suggestions for this.

Can my wife take a home equity loan for personal use on a jointly owned home without my consent? My wife earns more money than me. The home loan is in her name but the home title is in our joint names. Can she take a home equity loan without my consent?

Are there any banks that give home equity loans on Co-operative homes?

How does a home equity loan work? I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about home equity loans and heard about being tax deductible. How do they work? Do they look bad on your credit? How much can you borrow ? Does it add to the years to pay off your house? We only have eleven years left to pay as it is right now. Just wondering what is a good option. I even thought that after I graduate and am working that my pay checks can go all to my student loans. I am just looking for some good ideas without having to stress out about debt and bills and such. We are trying to pay our bills off and so far have done good. But those student loans are looming in the background.

Home equity loan or refinance existing home loan? My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?

Can you use a home equity loan for something other than a home? I need a loan & some people had suggested I look into this because of the lower interest rates, instead of using high interest (not to mention EVIL) credit cards. But it's not for a home & I don't have enough collateral for the amount I'd like to borrow. I have a great credit score over 700, but also have student loans & other credit card debt, which I am very good at paying at, & make enough to make the payments comfortably. If I can't get a home equity loan, what kind of loan can I get, & at what amount & rate should I expect? I've looked around online, but all the bank terminology does nothing but confuse me, so anyone who could explain this a little more "user friendly" would be helpful! It's not for home improvement. Actually, it's basically a business expense, but I'm not sure if a bank would consider this a business type of loan. Oh, & one *minor* detail... I don't own a home :(

Home Equity Loans Interest Rates? Im wanting to finance a pool with a home equity loan. Does that loan effect my current interest rate on my mortgage, or are they seperate?

can you refinance a home equity loan to lower the payments? My mother signed a home equity loan with my grandfather who has just passed, and I am trying to help her pay the bills but the payment on the house is too high. If she refinances could her payment go down? Are there any other options, or any kind of loans or help from anywhere? I am totally clueless this was very unexpected.

What is the term for a home equity loan? Are home equity loans 30-year loans, or do they have a shorter term?

Should I get an home equity loan or should I save my money and pay with cash? I own a house that will be paid off next year. I want to do some remodeling in my house like a new kitchen, all new travertine floors, new doors and some other things. The total of my remodeling will be about $45,000 including all the labor and materials. My question is: Do I get a home equity loan for 7% to8% or do I save my extra cash and pay for the remodeling in full in about 2-3 years after I pay off my house? If I get a home equity loan for about 5 years, I will pay nearly $10,000 in interest alone. That’s a lot of money! Any ideas? P.S. I have no debt except my house loan. No credit cards, no cars, no school loans, no nothing!I have a credit score of 780 and I don't like to pay interest if I don't have to!

can i get a home equity loan on a home i just bought that i was gifted equity in it? we are buying a home from my mother. she is gifting us the equity in the home. can we get an equity loan at the same time as we get our home loan or do we have to wait and how long?

Home Equity Loans? Which company would be the best to go w/ for a home equity loan? My credit is bad :( I want to get a home loan, fix up the house, and pay off my little bit of debts i have. I know with my credit being not so great i'd get about a 9% rate (most likely) Im only looking to borrow $35-40,000

Can I pay off a home equity loan with my credit card ( lower interest rates!)+ how do I do it? I have an offer from a credit card co with a low interest rate, 2% lower than my home equity loan interest. I would love to get rid of the horrible 8.75% home loan interest on $12,000. What to do?

Home equity loan interest is tax deductible? I have two mortgages - one for primary residence and one for investment property. I know that interest payment on both loans are tax deductible. But if I get a home equity loan against my primary home to pay off my high-interest car loan, the interest on this home equity loan is also tax deductible?

What is a home equity loan and what is the process to applying/being accepted for one? I paid roughly $90,000 for my home. It was a TLC home and I've fixed it up in the past 9 years dramatically. New roof, new walls, siding, porch, heating system, well etc. My home and property was valued at $275,000 last year. Does equity play a part in this. Am I eligable for an equity loan? I don't want to go into it without fully understanding what it is--I also don't want to go to my banker with stupid questions....Another thing. Im looking to build my own home--hence the loan inquisition.

Can 2nd Mort company repo my auto if I stop paying my home equity loan? Both loans are with HSBC. I am current on all payments for my vehicle. However, my home is going into foreclosure. Can this company legally seize my vehicle even if it wasn't collateral on the home loan?

Can a fixed home equity loan drop my credit score? 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 payments. I pay over the minimum amount do on my card every time.