Posts Tagged ‘Home Equity Loan’

is it possible to get a home equity loan or to refinance while your already behind on your mortgage?

Monday, January 5th, 2009
brownetw asked:


we have about 20k worth of equity but we fell behind on our mortgage payments early this year and negotiated a plan to incorporate the amount we were behind into our normal monthly payments. making those payments a bit higher each month. that however is still not working because of all of our other bills and we want to use the equity to pay off a vehicle and a bunch of credit card debt etc… is that possible?

Hazel

What happens if I take out a home equity loan with no plans of paying my mortgage or home equity loan back?

Tuesday, December 23rd, 2008
home mortgage loan credit
Peter U asked:


This way I will eliminate the $120,000 I owe on my 1st mortgage and grab $100,000 cash off the equity loc. They can have my house and ruin my credit for $220,000. This cannot be legal is it? I really wouldn’t do this but my wife may.

Lewis

is there anywhere i can get a home equity loan with bad credit?

Sunday, December 14th, 2008
home mortgage loan credit
jmpoct03 asked:


my boyfriend and i have bad credit but we own a $85,000 home with no mortgage. the house is paid for. we were looking into getting a home equity loan to pay some back bills off and do home improvements. is there anywhere that we could get a loan even with bad credit?

Todd

Can you have a home equity loan and a home equity line of credit?

Saturday, August 16th, 2008
home mortgage loan credit
Donna S asked:


My husband and I have two mortgages (an 80% and a 10%). Our banker uses the term for the “second mortgage” interchangeably with a “home equity loan”. Is it possible for us to take out a home equity line of credit at the same time we are paying the second mortgage?

Ruben

How 2 solve for potential amount of credit available for home equity loan?

Saturday, May 24th, 2008
home mortgage loan credit
Richardsbabygirl asked:


Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit that’s available to Ramon for a home equity loan?

Debra