2010-01-15

Home Equity Q&A Part 2

Can I lose adjectives my equity contained by my home?
I co-own a house and property with my boyfriend. He is suffering some medical problems and does not have medical insurance. If he cannot pay packet the hospital bills, and they put a lien against the property, am I at risk for losing my half of the value? ...

Can I put a lien on the home of my ex fiance to retrieve my $9,500.00 he asked me to impart towards equity?
He promised that if I gave $500.00 a month towards the house that I would only be contributing towards my own equity. That we would marry and partly of the house would be mine. Title was solely...

Can I put on the market my home using a short Dutch auction if I own equity?
It is my understand that short sales are usually with the sole purpose done if you have an upside down mortgage. My home was appraised at 151800 on 04 and we purchased it contained by 03 for 113800. We currently owe 110,000 on...

Can I reduce by interest rewarded on a credit card that be used for home equity?
I used a "plain old" credit card convenience check to pay a contractor to finish my basement. Can I claim the interest salaried on my IRS taxes? If so, how? THANKS! No, because to be deductible home equity debt the debt must be secured by...

Can I refinance my house if I enjoy equity but own fruitless credit? I owner financed my home.?
I have never been 30 days belated and have paid on it for 5 years. My interest rate is dignified though. I would like to borrow enough to wages it off, which is $35k and enough to pay cheque my...

Can i roll my home equity into my mortgage? My home equity splash of credit have a foolish interest rate?
No, you would have to refinance for a different mortgage covering both your first and second balances. If you still need answers please contact me...Eddie.K(a)gwhloans.com or 818-574-7973. There are heaps options for you. Absolutely, you can refinance your entire...

CAn i take off from taxes a home equity dash of credit?
if you owe more on the home than it is worth, see IRS Publication 936 for instructions if any part of the proceeds be used for any purpose other than home improvements, and if the second mortgage exceeds $100,000 [married or single] or $50,000 [married...

Can I use a home equity splash of credit to purchase another home?
I want to open a home equity line of credit. I own 100% equity in my house and an excellent credit rating. I am planning on moving, but would like to buy another house first, and later sell my current house (which would sell for a highly developed...

Can i use an equity loan to settle up for the remaining mortgage on my home?
Yes,you can use the $$ for anything. However, check the rate of your 1st mortgage. It may be a fixed rate and even lower than your equity line rate. Usually equity line interest rates fluctuate ie they're not fixed. you can, but I...

Can I use equity of the home I'm nearly to buy as a down clearance if it appraises greater than the purchase price ?
For example: purchase price is $165,000. appraised at $175,000. can i use $5,000 of this equity for a down payment? Having this $5,000 down will give me the 3% down i call for for a much...

Can I use equity surrounded by a 2nd home to lower my primary home's mortgage principal?
I have a condo that I rent out and I have a queue of credit that is at a lower interest rate than my mortgage. I am thinking about taking out some of that money to lower my primary home's mortgage principal. I would still...

Can I use the equity contained by my home to foot past its sell-by date or compensate most of my mortgage?
Is it possible to use the equity in my home to lower my mortgage amount? I assume when you say you want to lower your mortgage amount, you aim you want to lower your monthly payment. So the answer...

Can I use the equity within my home as downpayment to buy a rental property?
You can but they advise against it. Yes. But if you have good credit and ample reserves you can finance 100% on an investment property. http://www.lendermark.com/what_loans_are… Yes. yes.. if you have ample of it... but you will have to pay...

Can I verbs a home equity loan from my hill to a credit card offering a lower APR. My bank say no.?
Is it possible to transfer my home equity loan balance ( $10,000 at 8.25%APR) thru my ridge to a credit card with a lower APR ( say a Balance Transfer Card at 1.9 % APR for 18 months). My...

Can I verbs out the equity within my existing home to purchase another home ?
This is the situation. We've had our house on the market for going on for 6mths now. We've lowered it put money into it and everything. We really want to move to Altoona, PA and away from NJ where we are. Can...

More Home Equity loan 100 LTV questions please visit : RefinanceFreeFAQ.com

No comments:

Post a Comment