Home Equity Loans & Line Of Credit

Q&A
Asked by Rolando Escamilla
Answered by Caroline Gerardo, C G Barbeau in Newport Beach, CA
If property has equity you could combine with first and do a cash out refinance. Or- Existing lender MAYBE will offer new terms. Or- shop a credit union that you are a...
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 Debbie
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
HELOC pricing depends on several factors: Credit scores, Equity, Prime Rate, and the margin (the "markup" over prime rate). Prime is 3.75% now, so to get a HELOC ...
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 Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
"It depends" is the answer to your question. If you mean in comparison with a 30-year loan, the answer is "probably", due to the fact that most HELOCs have a draw peri...
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...
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