Equity Loan Information
What Are Equity Loans Knowledge Base
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?
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.
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 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 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
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.....
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?
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?
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
are equity loans better than getting a mortgage? if i could get a loan for the same amount bewtween a? mortgage and equity loan, does one have a better interest rate than the other overall? does an equity loan have an advantage or is it almost the same thing if i just got another mortgage?
What local Florida banks give the most generous home equity loans? and/or which have the best rates?
Are home equity loans tax deductible? My house is paid for, no mortgage, and I'm looking to buy a car via a nome equity loan. Is this tax deductible?
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.
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!
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?
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
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?
Good site to compare home equity loans rates? Is there one site where you can easily compare interest 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 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?
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?
Home equity loans vs secondary mortgage? Can anyone explain the difference between a home equity loan vs a secondary/junior mortgage?
Will Carmax roll negative equity into their loans? I am upside down $4,000 on a Honda Accord I bought in Feb 06. The payments are too big to handle (I understand it was a mistake to buy it, but shoulda woulda coulda). I want to buy something much cheaper...I hear good things about Carmax. Do they roll negative equity into their loans, if so how much.
Paying Off College Loans With Home Equity? Has anyone ever paid off their college loans using the equity in their homes? I've been told that it's the best and fastest way to eliminate debt but I'd rather hear what others have to say.
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.
Are there any loans in the internet that needs no charges and equity based and non-equity based collaterals? I want to expand my small business but it seems that there are many requirements especially non equity based collateral. Please help me or refer me to those who loan that dosen't need any of these.
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.
Any good business loans out there with low credit score but good equity? My wife and I have lots of credit card debt that we got building our business this brings our credit scores down But we have lots of equity in our business property there is no mortgage on the business property or equipment. This totals about $200,000+ value, we would like a loan of about $50,000 value Seems like local lenders do not want to help because we are self employed and our credit score any ideas out there!
What is the term for a home equity loan? Are home equity loans 30-year loans, or do they have a shorter term?
What is the best way to shop for a home equity loan? Wanting the best interest rate and a safe place to borrow from, how do I avoid the bad businesses and still get a good rate?
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