Home Equity Loans & Line Of Credit

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Q&A
Asked by Marinaathomas
Answered by Greg Fischer, Mortgage Broker in Manchester, NH
Probably not. If you have a current 30-year loan, and are looking to refinance into a shorter term with a lower rate, as long as you have the required value in your...
Q&A
Asked by goggle
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
You might consider a HELOC (home equity line of credit) for the amount needed. It should be free to obtain and you can use the funds at your convenience. Plus if you ...
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Q&A
Asked by rvmtexasx70
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi, Perhaps, I'm not understanding the question. At first glance, the logical thought that comes to mind is why not just pay off the first mortgage. Then, pay yours...
Q&A
Asked by an anonymous user
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Yes, you would be wise to keep the new first mtg at $417K (the max "conforming " loan limit in most counties and then get the new HELOC in place to payoff the remnant...
Q&A
Asked by RhondaJohnson
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Rhonda, thanks for the question. I would recommend beginning with contacting the bank you have your checking/savings accounts with. I would also suggest contacting ...
Q&A
Asked by an anonymous user
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
A small HELOC (home equity line of credit) sounds like a perfect program for you, try contacting the bank you bank with or the smaller local banks and credit unions t...
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