Home Equity Loans & Line Of Credit

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Guide  

Q&A
Asked by Steffanie
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
Take your remaining loan balance off your most recent mortgage statement and divide it by the value of the property, That will give you the % of equity you have. If y...
Q&A
Asked by Destinyban
Answered by Scott Beckwith, Mortgage Broker in Madison, CT
It is very hard to answer that question. It is different for every person since each person has different financial needs and objectives. People refinance to consoli...
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Q&A
Asked by Cecilio
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
Ok, Have you contacted a lender yet? That would be your first step. Where are you located?
Q&A
Asked by marshallcardog
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello - There are several factors that would influence this decision. One, you need to look at your current 1st mortgage rate because that will be a concern with r...
Q&A
Asked by rick
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
How much are you borrowing? If you're only going to need $8,000-$10,000 then most lenders won't do a refinance because it'll cost you half as much in fees, which woul...
Q&A
Asked by an anonymous user
Answered by Marilee Roose, Insurance Agent in Magna, UT
Home Equity Loans are fixed amount loans with your house as collateral. They are one time loans with a set pay-off. Home Equity Lines of Credit work very similar to a ...
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