Posts Tagged ‘Mortgages’

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

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Posted in Renting & Real Estate | 3 Comments »

Is it possible to get a home loan (purchase) with a credit score of 607?

Sunday, March 9th, 2008
home mortgage loan credit
QNA asked:


Where is the best place to look? I asked my credit union, but they don’t do “subprime mortgages”.

My credit score was on a steady climb until it recently plateaued at 607. I don’t have any recent delinquencies (last late payment reported was in 2005). My income has significantly increased to a decent level. I’m afraid that maybe the credit score is something that only time can fix,,,?

Andre

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Posted in Credit | 5 Comments »