Comments on: Home Equity Loans – Advantages & Disadvantages

By: FilmBorne

FilmBorne — Tue, 27 Jul 2010 21:23:08 +0000

That’s mess up you know. It causes recession and massive corporate bankruptcies. This country… We got idiot bankers, and greedy executive screwing everything up. Now, they can’t fix it the way it was.

We will be heading dark ages in few years.

By: Alucardthedeadone

Alucardthedeadone — Tue, 27 Jul 2010 13:06:44 +0000

No it is not, the vale of the house is always fake, the bank might say 1.5mil, but if you can only get a bit or price of 1.3mil then it is vale is 1.3 mil. If you get 1.7mil then it’s vale is 1.7 mil.

By: MrTelmaster

MrTelmaster — Tue, 27 Jul 2010 03:33:55 +0000

what kind of mic are you usings it sounds really good?

By: Dickydoandthedonts

Dickydoandthedonts — Mon, 26 Jul 2010 21:49:13 +0000

Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

http://www.worldbestloans.com/

A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

By: Viper

Viper — Mon, 26 Jul 2010 15:52:26 +0000

You'd want a cashout refinance, and then you'd take 100% of the loan proceeds, minus closing costs. Fixed mortgages have better rates than HELOCs, so a regular mortgage is the way to go.

By: Alucardthedeadone

Alucardthedeadone — Mon, 26 Jul 2010 02:57:40 +0000

(That’s because you don’t ACTUALLY have that 1.5 mil yet, you have it when you sell the house) No you won’t because u can not know its price untill someone pays you a price.

By: mattt1ooo

mattt1ooo — Mon, 26 Jul 2010 02:22:54 +0000

BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!

By: Alucardthedeadone

Alucardthedeadone — Sun, 25 Jul 2010 23:34:35 +0000

ya but schooling should have no base on if you get a lone or not.

By: xBakaPeterx

xBakaPeterx — Sun, 25 Jul 2010 22:53:00 +0000

Question:
bank says you can borrow up to 75% of home’s worth=$1.25m

but in this case, you can only borrow $375k because of mortgage?

If you did not have mortgage, would you have $1.125m is cash and liability?

By: Patricia P

Patricia P — Sun, 25 Jul 2010 15:08:48 +0000

Forget taking such a risk. Untill you have a nice 6 months emergency fund don't go messing with your home security.

Good luck but don't let the vision of having "investment" property make you do something foolish. IF you did have some money in the bank and experience my answer MIGHT be different.