I need to pay off about $30,000 in back taxes. Is it better to take out a home equity loan, cash in stock, or borrow or liquidate a 401K? The upside of the HEL is that all payments you make on it are tax deductible, which is nice at tax time. Downside is the risk [...]

We were put on the deed of a home while we were "renting to own" (1 yr) then all of a sudden the landlord wanted the rest of the cash. So we got out a home equity loan with the house to pay him what we owed him. Would this qualify us for the First-Time [...]

I own a home right now where I am still paying PMI. I also have a rental property. I would like to take a home equity loan on the rental property to pay-off some of my mortgage so I will not have to pay PMI to my first home anymore. Will the interest I pay [...]

What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit. What if I go to mortgage brokers who have access to "B" type lenders at higher rates? Thanks guys! Home Equity Loan and Home Equity Line of Credit are separate financing terms. Please remember, you don’t [...]

What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit. What if I go to mortgage brokers who have access to "B" type lenders at higher rates? Thanks guys! Home Equity Loan and Home Equity Line of Credit are separate financing terms. Please remember, you don’t [...]

we are buying a home from my mother. she is gifting us the equity in the home. can we get an equity loan at the same time as we get our home loan or do we have to wait and how long? The short answer to your question is yes – you should be able [...]

I have an offer from a credit card co with a low interest rate, 2% lower than my home equity loan interest. I would love to get rid of the horrible 8.75% home loan interest on $12,000. What to do? How long is that credit card rate good for? Bet it is less than a [...]

My husband 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 real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we [...]

My husband 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 real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we [...]

My wife 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? If your home deed is in both your names, then no, she cannot take out a loan in only her name without [...]