Thomas W asked:


I’m trying to stay solvent with my finances but my bank won’tgive me a home equity or an unsecured loan. What else can I do, file bankruptcy. I lost my good paying job about 5 years ago and just can’t get up to the earnings level I need to stay above water. Any other ideas?
Thanks Tom.

Erica

mommyme asked:


I was just about to get a home equity loan, however most of the advice I got on here said no. We checked on it an the interest rates are variable- which I dont like. Anyway we decided to try the Dave Ramsey system(cut up credit cards, pay cash etc). If anyone has any advice on how to do this more quickly etc please Help.

Susan

drowning in debt asked:


I had to sell my home on short sale after it being on the market for a year and a half and I simply couldn’t afford it any longer. I had the original mortgage and two home equity loans. The first mortgage was paid off and the two home equity loans removed the lien but still wanted me to pay all the money I owed them. I now rent and am unable to keep up all the payments. The home equity loans are now threatening to sue me. They want a big lump sum and there is no way I can come up with it and they say it is too late to make regular payments. What can I do? What can I expect if they take me to court? How reliable are debt relief company’s. I would really appreciate any advice anyone can give.

Melvin

gentlebusmind asked:


are appraisals required to obtained a home equity loan

Joan

Heather L asked:


After you get the mortgage? I was told 6 months and then 12 months. Which is true?

Michelle

Kim Y asked:


My ex has the house. The only collaterol I have is some IRA’s that have double the value as my debt.

What alternatives are out there? What do you suggest?
I have great credit, pay on time, not behind. I am wanting to get a home within a year, but will not be able with such a large debt. This monkey on my back is stifiling.

Thank you ahead of time for your suggestions!
081707 10:07

Tommy

dark_knight asked:


Ok, so i owe roughly 100K on my home and it appraises at around 117K.

I need to get roughly 10K, is that doable, i want to make improvements to my house. How do i go about doing this, or getting approved?

I would say my fico score is around the low six’s.

what all cost would be involved with the loan? like appraisal, closing cost etc… and would that all just be deducted from the equity loan itself?

Also, what all do they factor into giving you a loan? Are equity loans easy to get?

I live in Ohio by the way.

Any information is appreciated.

Warren

Jamie B asked:


My mother used her equity line to buy a house for my husband and I. The house is completely in our names only and we do not have any loans or mortgages on it. I would like to take out a mortgage on the house now to pay my mother back. If we own the house but do not have a mortgage do we get a refinance loan? Can you get a regular mortgage on a house you already own? I would hate to get an equity loan since the rates are so high and am scared to do get a variable rate equity line. What kind of a mortgage/ loan can i get? I am looking for the lowest interest rate possible. Also, can you take out a mortgage and equity line at the same time? Id like to take the mortgage for the money i owe my mother and also take out an equity line for emergencies. Thanks!

Kathryn

LAB03 asked:


my husband and i are applying for one and i’m nervous about the whole thing…
We have a property that is paid off worth about $190,000 that we are borrowing from and i think we have decent credit, my husbands is probably better than mine

Kelly

chebert asked:


I Have a great credit score over 800. I have many bills. I so many it is hard to pay them each month I need to consolidate so it will be easier to pay them each month. I have a home equity loan already it just wasn’t enough to pay off a bad business venture. How can I get a loan to consolidate all the loans at an affordable rate and payment?

Melanie