What kind of the loans should I use to purchase a land?
KJ asked:
I bought a lot and plan to get a house built in 5 years. I dont like the current loan, 6.25% fix rate for 3 years but interest only. Is it a good idea that I use “home equity line of credit” 4.75% at this moment to pay it off?
Sue
I bought a lot and plan to get a house built in 5 years. I dont like the current loan, 6.25% fix rate for 3 years but interest only. Is it a good idea that I use “home equity line of credit” 4.75% at this moment to pay it off?
Sue
Do I have any equity in my mobile home ?
euphoric_anomaly asked:
I purchased my home last august for $20k cash. No loans, no mortgage etc. I was wondering, if I ever needed to borrow some money using my home as collateral, how would I know how much I have? I’ve heard some people say that because I bought my house using cash that now I have $20k in equity right off the bat. I’ve also heard that’s not true…. anybody know the correct answer ?
Micheal
I purchased my home last august for $20k cash. No loans, no mortgage etc. I was wondering, if I ever needed to borrow some money using my home as collateral, how would I know how much I have? I’ve heard some people say that because I bought my house using cash that now I have $20k in equity right off the bat. I’ve also heard that’s not true…. anybody know the correct answer ?
Micheal
Refinance vs. home equity line: pros and cons?
queen asked:
So if you refinance, you get a fixed amount upfront, whereas home equity line offers more flexibility, I get that. Any other differences?
So if you refinance, you get a fixed amount upfront, whereas home equity line offers more flexibility, I get that. Any other differences?
In terms of interest, closing costs, max loan amounts, and speed with which the loan can be obtained? Also, is home equity loan and home equity line the same thing? WA state.
Allan
How can I buy a house with some of the equity included in the loan so i can have cash in pocket after closing?
Simon W asked:
Want cash in pocket after closing on a house. For repairs and other necessities
Justin
Want cash in pocket after closing on a house. For repairs and other necessities
Justin
Were can I find a company or mortgage broker that can find or finance small Commercial and Multi Family loans?
Life Coach asked:
I am currently in the market to buy a five unit multi-family property listed at $180,000. Because it is considered a commercial property I’m having a hard time finding a lender that does commercial loans under $500,000. I should be able to put 20% down by drawing equity out of another propriety so I don’t foresee there being a problem financing it. I would appreciate any suggestions.
Herman
I am currently in the market to buy a five unit multi-family property listed at $180,000. Because it is considered a commercial property I’m having a hard time finding a lender that does commercial loans under $500,000. I should be able to put 20% down by drawing equity out of another propriety so I don’t foresee there being a problem financing it. I would appreciate any suggestions.
Herman
Looking for home equity loan in Chicago, owner occupied 2 flat?
I’ve been buying my home since Oct 04, can I still get a home equity loan or anything like that?
Home equity credit problem. Title Mistake. How do I fix it?
stimpy36 asked:
In the final process of equity loan, my lender tells me tital search shows my brothers listed as owners even though they have never had anything to do with my property or credit. I’m in Buffalo, NY. How do I fix this ASAP?
Emma
In the final process of equity loan, my lender tells me tital search shows my brothers listed as owners even though they have never had anything to do with my property or credit. I’m in Buffalo, NY. How do I fix this ASAP?
Emma
Can I get an Equity Loan when there are No Mortgages (i.e.100% equity)?
Robin Banks asked:
I inherited a home from my parent’s estate that I have 1/3 ownership. I would like to buy out my sister and brother, and there are No Mortgages on the home. It seems I should be able to get an equity loan or line of credit to purchase their 2/3 interests. Can anyone help me?
Matthew
I inherited a home from my parent’s estate that I have 1/3 ownership. I would like to buy out my sister and brother, and there are No Mortgages on the home. It seems I should be able to get an equity loan or line of credit to purchase their 2/3 interests. Can anyone help me?
Matthew
Refinance vs. home equity line: pros and cons?
bergkamp asked:
So if you refinance, you get a fixed amount upfront, whereas home equity line offers more flexibility, I get that. Any other differences?
So if you refinance, you get a fixed amount upfront, whereas home equity line offers more flexibility, I get that. Any other differences?
In terms of interest, closing costs, max loan amounts, and speed with which the loan can be obtained? Also, is home equity loan and home equity line the same thing? WA state.
Christina