Is It Better To Get A Home Loan Thru Home Equity Line Loan?

Mar 02, 2008 by amny | Posted in Personal Finance

I am intellectual of refinancing and Chase Bank is ready to give a 10 yr 170k home equity loan. Is this a better than my existing home mortgage loan. Is there anyone who has suggestions for this.

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Typically home equity loans have changing interest rates ... the very same type of rate programs that a causing the havoc in the widespread banking and real estate market. If your rate is fixed for the term, you will have anticipated payment streams that you can budget for. If the rates are variable, and the underlying market kind goes up again, you may be asking for trouble. Try to get low fixed rates that you can pay off as quickly as possible. Having your largest asset at imperil in case you experience job loss or other financial loss really sucks ... fancy me, I speak from experience.

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Can My Wife Take A Home Equity Loan For Personal Use On A Jointly Owned Home Without My Consent?

Jan 09, 2008 by Paul D | Posted in Renting & Real Estate

My ball earns more money than me. The home loan is in her name but the home title is in our joint names. Can she take a home equity loan without my consent?

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If your home act is in both your names, then no, she cannot take out a loan in only her name without your consent. She can only take it out in only her name WITH your consent legally. If your mortgage company has done this.. then they did something incredibly illicit. You need to call the mortgage company on this.. Best Wishes!

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Home Equity Loan Or Refinance Existing Home Loan?

May 08, 2008 by Hottiez | Posted in Renting & Real Estate

My mute and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to true property.
Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?

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If you have a accomplished rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to approximate the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should think a no closing cost loan at about 5%
You can email with any other questions
brandonbroker@yahoo.com

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A home equity loan creates a lien against the borrower's race, and reduces actual home equity. ... Home equity loans come in two types, closed end and clear end. ...

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Home Equity Financing that offers a Secured Interest Rate and Fixed Monthly Payment. Learn More at Wells Fargo.