Tag Archives: equity

Is it smart to keep my home equity line as my primary mortgage or refinance to a 30 yr fixed?

Question by Dakahuna4u: Is it smart to keep my home equity line as my primary mortgage or refinance to a 30 yr fixed? The interest rate is 3.49% on the home equity line. Will this be going up soon? I … Continue reading

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How do I refinance on 30yr mortgage with PMI,without touching the equity and me paying from my pocket?

Question by Abinobi: How do I refinance on 30yr mortgage with PMI,without touching the equity and me paying from my pocket? And is’t a good advice to refinance with my mortgage company (CountryWide Home And Loans) or shop around other … Continue reading

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Should we roll our second home line of equity loan into our first which we are refinancing?

by USDAgov Question by tennis: Should we roll our second home line of equity loan into our first which we are refinancing? We are refinancing our first mortgage. We have a second which is a home equity line of credit … Continue reading

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Can interest for a Home Equity Installment Loan be deducted the same as a standard mortgage?

by marsmet526 Question by Tom B: Can interest for a Home Equity Installment Loan be deducted the same as a standard mortgage? I can refinance with minimal closing costs compared to traditional refinancing with a mortgage if I use a … Continue reading

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What’s better a mortgage refi or a new equity line of credit?

by Strangeless Question by Mama J: What’s better a mortgage refi or a new equity line of credit? I have a rockin’ 5.5% mortgage interest rate and I also have a small but maxed out equity line of credit. I’m … Continue reading

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Would it be better to continue to pay on our Equity Line of Credit & our Mortgage or to refinance for 1 loan?

Question by Steph T: Would it be better to continue to pay on our Equity Line of Credit & our Mortgage or to refinance for 1 loan? Our interest rate on Mortgage is 5.87%, but we have a variable rate … Continue reading

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Q&A: How to refinance a home mortgage with negative equity?

Question by that username: How to refinance a home mortgage with negative equity? I really need good options on how to refinance a home mortgage with negative equity. Currently my mortgage wont allow me a refinance. Any options on what … Continue reading

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Why do you need equity in your home to refinance your mortgage?

by danielmoyle Question by Dark Magician: Why do you need equity in your home to refinance your mortgage? I understand equity is value you have built up in your home by making loan payments but why is it required to … Continue reading

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Why not refinance your mortgage and invest the equity?

Question by jeremyweiser: Why not refinance your mortgage and invest the equity? Why not take equity out of your home from refinancing and put that into an investment vehicle that earns you interest? Considering that home equity doesn’t earn you … Continue reading

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Q&A: Home refinancing equity vs mortgage?

Question by confused: Home refinancing equity vs mortgage? Have an equity on the house (both husband and I are in our 60’s). Now that mortgage rates are so low would it be better to refinance at a fixed rate or … Continue reading

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