Home Equity Loans & Line Of Credit
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MoneyTips to help find the best option.
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
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...
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 ...
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 ...
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...
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...
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...
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...
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.