Home Equity Loans & Line Of Credit

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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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Asked by dazhan
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
It might be worth it, depending on what you want to do. The rates are decent right now so you would most likely be able to get a lower rate and in turn lower your mon...
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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...
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Asked by an anonymous user
You may have a range of credit issues due to the "trickle down problem with credit cards" that could cause creditors to turn you down. Taking your question at face val...
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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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Asked by jbon26
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
The credit checks for reverse mortgages are authorized by congress. Why? The Department of Housing and Urban Development (HUD), whose Federal Housing Administratio...
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