Home Equity Loans & Line Of Credit

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Guide  

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 ...
Q&A
Asked by an anonymous user
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi anonymously, Are they a good idea? Here is some information to help you with that. In general, to be eligible for a reverse mortgage the youngest homeowner m...
Guide  

Guide  

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 an anonymous user
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
If you can locate a HELOC (Home Equity Line of Credit) - use it. You likely won't be able to find one, so the likely only option will be to use a regular cash out fi...
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...
Q&A
Asked by trish
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
The answer to your question depends on several factors. What's the rate on your current mortgage? What's the value of your home, and how much do you owe? How are yo...
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