equity loan?

Jan 22, 2007 by Bobbie | Posted in Renting & Real Estate

how do you know if you are quilified for a equity loan.I know we have equity in our home and in the past I have always been told "sorry you are not quilified for anequity loan but we can refinance your home".I know that the lender makes alot

Your problem may have to do with what lender you are asking the question.

If you go to a lender that specializes in refi. They want to do a refi.

If you to the lender that specializes in Heloc they will want to give

hunter2 | Jan 22, 2007

Your problem may have to do with what lender you are asking the question.

If you go to a lender that specializes in refi. They want to do a refi.

If you to the lender that specializes in Heloc they will want to give
hunter2 | Jan 22, 2007

Equity loan?

Jan 25, 2008 by Bee | Posted in Renting & Real Estate

Currently I had equity loan from Well Fargo bank with rate 8.75%. Can I apply for replace that with different bank for better rate?

Yes you can.

Make sure to price out your loan with your LOCAL banks and mortgage brokers only.
A lot people giving advice on here are also looking to give you a loan (its not advice, its advertising), if they are not local to you

saeed q | Jan 25, 2008

Home equity loans

Simple example of borrowing from equity to fuel consumption

Elderfield to back negative equity loans

22.05.12

CHARLIE TAYLOR

THE CENTRAL Bank has said it intends to make it easier for homeowners to obtain negative equity mortgages.

In a speech yesterday, the deputy governor of the Central Bank, Matthew Elderfield, said negative equity was likely to remain an “unpleasant reality” for many borrowers for years to come.

Addressing the Harvard Business School Alumni Club of Ireland in Dublin, Mr Elderfield said he supported moves to help those in negative equity and who could afford to service a bigger mortgage.

Source: Irish Times

equity loan - Bookshelf


Popular Mechanics
174 pages 		Popular Mechanics

1987-07
But borrowings under a home equity line remain deductible, within limits. If the proceeds of your loan are used for ... The average line of credit on home equity loans is about $40000 — giving reckless borrowers far more leeway to wreak ...
J.K. Lasser's Your Income Tax 2011, For Preparing Your 2010 Tax Return
848 pages 		J.K. Lasser's Your Income Tax 2011, For Preparing Your 2010 Tax Return

Creator: J. K. Lasser, LASTJ. K. Lasser | Business & Economics - 2010-11-09
Interest on a qualifying home equity loan is deductible regardless of the way you spend the ... On loans exceeding the home equity debt limit, interest may be deductible if the proceeds are used for investment or business purposes. Otherwise ...
Publisher: Wiley
J.K. Lasser's Your Income Tax 2012, For Preparing Your 2011 Tax Return
848 pages 		J.K. Lasser's Your Income Tax 2012, For Preparing Your 2011 Tax Return

Creator: J. K. Lasser | Business & Economics - 2011-10-19
Home Construction Loans ~ 15.3 Home Equity Loans Mortgages that are not used to buy, build or improve your home (these are acquisition debt; 15.2), are considered home equity debt. Interest you pay on home equity debt is deductible ...
Publisher: Wiley

The Ins And Outs Of Home Equity Loan Campbell | Habitat Built

by Shawna Fletcher

Not all home owners understand how a home equity loan Campbell works. If you take one of these loans and use it for the right reason, there are a few advantages of opting for these types of loans.

The easiest way to explain what these types of loans are, are that they are loans that are taken out for the amount of value that you have on your house. The equity is the amount that has essentially been paid for. So if your initial mortgage was $100000 and the outstanding balance on the mortgage is now $90000 you will have $10000 equity in the property.

...

Read more...

equity loan - News


The benefits of a California reverse mortgage
Stock Markets Review - May 05, 2011
A california reverse mortgage is a type of home equity loan that allows you to convert some of the equity in your home into cash but retain your home ownership. Reverse mortgages work like traditional mortgages, only in reverse.

Sometimes an Underwater Home is Good
Fox Business - May 03, 2011
I also have a second mortgage, a home equity loan for $50000. Obviously, my home is underwater as a result of my home equity loan. My question is this: Can a homeowner file a bankruptcy to erase a second mortgage? In my case, I would ideally like to

Kearny Financial Corp. Reports Third Quarter 2011 Operating Results
Marketwire (press release) - May 04, 2011
Kearny Financial Corp. Reports Third Quarter 2011 Operating Results The overall decrease in the loan portfolio during the current quarter included net declines in the balance of one-to-four family mortgage loans, comprising residential first mortgages, home equity loans and home equity lines of credit, of $23.3 million

Mortgages changes you need to know
Globe and Mail - May 05, 2011
Mortgages changes you need to know 17, and these changes affect government-insured mortgages and home equity lines of credit. The first rule change affects the amortization period on mortgages, which is the length of time that it takes to pay off the entire loan.

Federal Judge Denies Local Wells Fargo Suit Dismissal
Memphis Daily News - May 04, 2011
That means both governments can now move forward with their suit that alleges Wells improperly pushed black borrowers into high-cost loans. The suit also claims black homeowners were targeted for burdensome refinance and home equity loans.

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