Archive for the ‘Renting & Real Estate’ Category
Can I get a home equity loan or do I have to re-do my mortgage?
mazey1967 asked: I bought my home 4 years ago, and it appraised at $101,000. I bought it through a mortgage company, on a 30 year loan. Now that I can afford to pay a little more I’d like to redo my loan, and add my car payment on with it on a [...]
What is the difference between a 1st mortgage, 2nd mortgage, and home equity loan?
adamea5@sbcglobal.net asked: I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.
After purchasing a home, how long must I wait before I can be approved for a Home Equity Loan?
sdavid79 asked: I’m interested in buying an invesment property but the home needs a little work. I’d like to get a Home Equity Loan to cover some of the renovation costs. Would I be able to get a Home Equity Loan immediately after closing on the mortgage? If not how long must [...]
How do you become a business loan broker?
f0revershort asked: What are the steps and requirements to becoming a business loan broker in the state of California?
Interest on home equity loan used to buy rental property?
noidem asked: If I have a home equity loan secured by my main home, and the proceeds are used to buy rental property, is the interest expensed in Schedule E or does it go on Schedule A?
Does a co-signer need to be on the title to apply for a home equity loan or a home equity line of credit?
pingkitoe asked: I’m thinking about applying for a home equity loan or line of credit for my home but am discouraged by my below average credit score. To refinance, any and all applicants must also be on the title document, so would the same rules apply on a home equity loan or line of credit?
What is the difference between a HELOC and a Home Equity Loan?
King Money 1985 asked: I know a HELOC is a “Home equity line of credit” but what is the difference between that and a “Home Equity Loan”?
what is the best fixed rate for home equity for 15 years for100k loan with excellent credit?
rajiv p asked: I have presently home equity loan 100k @ 7.49% as at present rates are better I want a fixed rate loan 15 yrs what best rates i can get for non document loan , I have 790 credit score what will be closing cost(if possible my monthly pament for 100k fixed) I [...]
Can a person get a home equity loan on a house while they are trying to purchase it if the appraisal allows ?
kerry f asked: I am wandering about purchasing a home which the apprasial is $110,000 but I can buy it for $60,000. I am wandering if I can borrow the 60K and and then get a home equity loan for 25K for improvements to the property?
How can you get a bank loan for a house when you don’t even have nearly as much for collateral?
God’sStrength asked: I was looking at a book about real estate investing and it says you can take a small amount of money (Example:$10,000.00 and have the bank give you a $70,000.00 loan added to your $10,000.00 and you can invest in real estate by buying your first home. Now, how in the world is [...]