Home Equity Loans & Line Of Credit

Asked by Jonathan
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
Check out the Personal Loan tool right here on MoneyTips to help find the best option.
Asked by Harvey2635
Yes, you can just replace that HELOC with a new HELOC or get a Mortgage. You could also replace it with a mortgage and a smaller HELOC.
Asked by sanford
Answered by Hosh Weekes, Financial Adviser in Hampton, VA
Refinance, either with the current loan holder, or another bank. You can go directly to any large bank or credit union (who usually have low interest rates) and ask fo...
Asked by Sean
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
You need to speak with a real estate attorney sooner, not later. Without knowing how ownership was vested, what state, etc, there's no way to give you good advice in ...
Asked by karim.mikhail
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi karim.mikhail Why are you only giving us 2 choices? Can you elaborate on why you would not be able to sell your home and live on the cash-flow generated from the ...
Asked by Neolia R
Answered by Samuel Kotzur, Loan OfficerPRO+ in Ocean City, MD
You can combine your first and second mortgage into one new mortgage, but there a few factors you would need to consider. You would have to check the current rates on...
Asked by Malcolm
Answered by Rene Nourse, Certified Financial Planner in El Segundo, CA
First off, I recommend that you find out what your FICO score is. Obviously, the higher the better. And if you know what it is upfront, you'll be in a better positio...
Asked by Richard
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
When you say "extension", I presume you're talking about increasing your loan size, since reverse mortgages don't have a defined term, and are only due when the last p...
Asked by paigestrick9
Answered by Samuel Kotzur, Loan OfficerPRO+ in Ocean City, MD
Absolutely this is a possibility and the type of financing would depend on your long term goals. If you are doing some home improvements and expect to pay off the deb...
Asked by calvincritz
Answered by Robert (Bob) Shoff, Financial Adviser in Marshfield, MA
Is there any equity left in the home? I would contact the company that financed the reverse mortgage to get the true facts and details.
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