Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna: I'm not 100% clear on the supporting information for your question; was the home sold (and therefore no longer owned by you), or do you still own it bu...
Q&A
Asked by Vickey
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Vickey: I believe that Mark provided a thorough answer to your question, but I would add one more item since you are looking to take cash out. Take note of what you...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Unfortunately, the 547 score is a lower score than any lender will consider. I recommend that you consult with a professional in the credit repair business and develo...
Q&A
Asked by Charles Jones
You said the HELOC's 'due'; clarify before you act on that. HELOC's are most often interest only for ten years and then start to amortize for the remaining 20 instead ...
Q&A
Asked by roger taylor
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Roger: It should be possible and you can even refinance it with a new home equity loan. My advice would be to find a competent loan officer that you feel comfort...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello: It could be that there are some institutions that may have their own internal overlays that say otherwise, but generally speaking, the answer is "yes". In mo...
Q&A
Asked by Scherrylain
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
I'd recommend doing the home equity line for two reasons: the cost will be far less than obtaining a purchase loan for that small of amount, and you'll essentially be...
Q&A
Asked by Erin
Answered by James Talbot, Mortgage Broker in Metairie, LA
Erin, Yes, thankfully they are. There was a time just after the market meltdown when they weren’t but eventually the market eased up and started allowing them agai...
Q&A
Asked by Lynn
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Reverse mortgages are a great tool, in certain circumstances, and an expensive mistake in others. Their interest rates and costs are higher than typical mortgages, an...
Q&A
Asked by an anonymous user
Answered by Cathy Curtis, Financial Adviser in Oakland, CA
You might want to check out Quicken Loans HELOC's or Charles Schwab HELOC's (not sure if they do business in Florida)
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Home Equity Loans & Line Of Credit

Home Equity Loans & Line Of Credit
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