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| Question about :
Home_Equity |
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Can I apply for home equity loan while house is listed for sale?
In MD area, is it possible to apply for home equity loan while house is listed for sale? I am trying to purchase a land/lot, but need home equity loan for downpayment. I know loan guidelines have been pretty tight recently. If my house is sold, home equity would obviously be paid off from the proceeds. Thanks
Thanks for all replies. Since loan is secured by the property.. won't they get their money once property is sold !! what am I missing here ??
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| By
User |
Posted
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04/28/09 Total Answers
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How to get a Home Equity loan with a house in a trust?
My mother and father have both passed away and left my 3 other siblings (including myself) the house. The house is in a trust that has all our names on it. My husband and I live in the house and have the past 4 years and would like to do some home renovations. However, we have been told that we can not take a home equity load because the house is in a trust. Any suggestions? The house is paid off.
Thanks!
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Posted
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02/19/11 Total Answers
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How tax deductible are charitable donations and home equity loans?
When they say donations and home equity loans are tax deductible, what does this mean? Does a $1000 donation mean $1000 less federal income tax? Does $1000 paid in interest on a home equity loan mean $1000 less federal income tax?
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| By
djchuang |
Posted
on
01/13/07 Total Answers
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Can you get a home equity loan while in a debt management program?
I just entered a debt management program to get control over my credit card debt. I have done this seperate from my husband. Only my credit is affected. Just after I entered into the program, my husband started showing interest in a home equity loan to consolidate our debt (his credit card and vehicles) and do home improvements. In our marriage I am responsible for my own debts, but I am wondering if being in the DMP will affect the chances of us obtaining the Home eq. Loan. Serious educated replies will be very much appreciated.
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| By
disappearingact |
Posted
on
10/13/06 Total Answers
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What is the typical point for a home equity line of credit?
Does anyone know the typical point for a home equity line of credit ? By point, I mean the up-front fee that is proportional to the credit limit. So if the term asks for 5 points (5%) and the line of credit is $100,000, there is a $5,000 fee. Do you think that the numbers I've just mentioned are a pretty good deal, assuming that the interest rate is good? Thank you.
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| By
gradjimbo |
Posted
on
02/25/07 Total Answers
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Pay off home equity mortgage or continue to use the interest for tax deductable reasons?
I have a home equity mortage that i am paying $100/month in interest - $1200 for the year.
I am thinking about paying this off, but is that better in the long run?
Am I better off using the interest for tax reasons or should i pay off the loan?
How much does the interest actually help out?
I am in the 25% $33,951 – $82,250 tax brackett, whatever this means.
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| By
silvermouse5150 |
Posted
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08/10/10 Total Answers
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What would be better, a home equity loan or refinance at lower rate to add on to my home?
I'm wanting to add on to my home but I've never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?
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| By
BamaboynTN |
Posted
on
03/01/08 Total Answers
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Can I transfer an existing home equity loan, attached to my current residence to a new residence?
I took a home equity loan out a while ago and in this market, my equity has dropped considerably.
If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage.
Do lenders transfer 2nd mortgages to a new home?
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| By
Love |
Posted
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08/22/09 Total Answers
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What are our options in addition to a home equity loan?
My husband and I are taking out a home equity loan for a renovation project. We still need about $30,000. We can afford another payment. Any suggestions on what other kind of loan we could apply for? Thank you!
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| By
DidiS |
Posted
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01/29/11 Total Answers
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Can my partner get a home equity line of credit without my signature?
My partner and I are splitting up. We own a home together. Can she take out a home equity line of credit without my signature?
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| By
Vicky |
Posted
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10/31/08 Total Answers
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What happens to Wachington Mutual home equity credit lines?
What happens to Wachington Mutual home equity credit lines? Do they stay open? Can I still draw on it.
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| By
Mike M |
Posted
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09/26/08 Total Answers
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Can you take out a home equity loan to pay off mortgage and other bills?
I have 5 1/2 yrs left on mortgage at 5 3/4 %. Can I take out a home equity loan to pay off mortgage, purchase car and a couple home improvement projects? Interest rate would be lower and I would pay it all off in 5 years.
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Posted
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11/26/11 Total Answers
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Is the interest on $200k home equity loan used to buy a new primary residence deductible on Sch A.?
We are planning to rent our existing home and pull $200k equity from that home to buy a new primary residence. I am not clear about the $100k deductible limit on the home-equity loans. Can I deduct it on Sch A or against the rental income and is the deductible equity loan capped at $100k. We file married jointly and our AGI is $160k.
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| By
Rajan A |
Posted
on
05/03/09 Total Answers
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How does my friend go about obtaining a home equity loan from a Brooklyn NY credit Union?
My friends' father wants to buy their house for $300,000 (so they can move out and get a new home), but he does not qualify for a mortgage because he will be retiring in a month, and the banks will not approve him. However, he owns a paid-for three family house in Brooklyn, and I think he might get a Home Equity Loan, especially from a credit union. Any suggestuions where to go and how to go about that?
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| By
gilpers302 |
Posted
on
09/21/11 Total Answers
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How find new home equity line of credit?
I have a home equity line of credit at 9%; I see them advertised at 7.5%. Any ideas on how I might find a better rate without closing costs besides just calling around?
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| By
Lighthearted |
Posted
on
03/25/07 Total Answers
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difference between a home equity loan and a consolidation loan?
What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?
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| By
zeishabush |
Posted
on
08/29/08 Total Answers
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Is home equity mortgage interest deductible for home office expenses?
The money was used to pay off credit cards. I am still paying on the home equity loan. If I do a home office deduction, which I qualify for in every way, can I use the home equity loan interest as a deductible expense?
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| By
mimi31211 |
Posted
on
04/13/08 Total Answers
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Is it smart to keep my home equity line as my primary mortgage or refinance to a 30 yr fixed?
The interest rate is 3.49% on the home equity line. Will this be going up soon? I just worry that it might go really high sometime.
The rate is tied to the wall street prime rate. Prime - 1/4%
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| By
Dakahuna4u |
Posted
on
10/30/09 Total Answers
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Is it possible to take the home equity without selling the house?
We are in financial trouble and we can't sell the house in a good price in todays market, in this case, is it possible for us to get the home equity?what's the process?
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| By
newlywed |
Posted
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05/15/11 Total Answers
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What is the difference between a HELOC and a Home Equity Loan?
I know a HELOC is a "Home equity line of credit" but what is the difference between that and a "Home Equity Loan"?
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Posted
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07/04/06 Total Answers
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Can you pay off a home mortgage with a home equity line of credit?
My sister is asking me for money to pay up her home equity line. When I asked about her mortgage payment, she said she paid it off with her home equity line. Is that possible to borrow money on your home to pay off your home?
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| By
Karen S |
Posted
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02/05/09 Total Answers
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Is it possible to refinance a home equity loan to be able to get a lower rate?
Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.
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| By
CHRISTINA N |
Posted
on
05/09/07 Total Answers
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Can you still qualify for a home equity loan if you behind on mortgage payments?
I'm behind on mortgage payments because, i'm going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing.
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| By
youngboycaz |
Posted
on
08/15/10 Total Answers
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What's a safe way to use my home equity to make money?
I own my home and don't have a mortgage payment. Can I get a home equity loan, and then invest that money into a safe investment (such as a bond mutual fund) and pocket the difference each month, assuming that the fund's monthly distribution is higher than the mortgage payment? Or, is there some other "scheme" I can set up that would be similar? I don't want to use the home equity loan money to start a business or buy real estate or anything like that - too risky. I'd prefer to stick with things like mutual funds. I just got to thinking that my home is just sitting here, not really going up in value (in my area, anyway), and that money isn't doing anything for me. Surely there has to be a safe way to let it make me a little money, right?
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| By
lieinourpig |
Posted
on
02/07/07 Total Answers
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How soon can i get a home equity loan after I buy a house?
if I were to settle on a house on Janurary 15th, can I get a home equity loan in th next 30 days??
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| By
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Posted
on
12/16/10 Total Answers
6 |
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| Question about :
Home_Equity |
Page : 1 2 |
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