Renting & Real Estate « equity loan payments

August 13, 2010

Refinance vs. home equity line: pros and cons?

Filed under: Renting & Real Estate — Tags: Closing Costs, Flexibility, Home Equity Line, Home Equity Loan, Loan Amounts, Max Loan, Pros And Cons, Pros Cons, Refinance, Upfront, Wa State — @ 6:10 pm

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?

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

Comments (3)

July 29, 2010

How can I buy a house with some of the equity included in the loan so i can have cash in pocket after closing?

Filed under: Renting & Real Estate — Tags: Buy A House, Buy House, Closing On A House, Equity Loan, House Repairs, Necessities — @ 1:04 am

Simon W asked:

Want cash in pocket after closing on a house. For repairs and other necessities

Justin

Comments (9)

July 25, 2010

Were can I find a company or mortgage broker that can find or finance small Commercial and Multi Family loans?

Filed under: Renting & Real Estate — Tags: Commercial Loans, Family Loans, Find A Company, Find Mortgage, Hard Time, Mortgage Broker, Mortgage Finance, Propriety — @ 8:26 am

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

Comments (4)