Home Equity Loans & Line Of Credit

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Q&A
Asked by wkrogmeier
Answered by Stephen Hartel, MBA, AIF in Denver, CO
That totally depends on your situation. If your mortage interest rate is, say 4%, then making extra payments is benefiting you the same as if you took that same money,...
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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...
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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...
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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...
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