What are the pro and cons of a 2nd mortgage VS a home equity loan? Which is better?

Legal to use home equity to pay mortgage? I have a fixed mortgage at 6.5% but my home equity loan just dropped down to 4%. Would it be legal to pay off my entire mortgage using my home equity line of credit? Refinancing…

selling, home equity loan–what happens? my husband and i want to move back to our hometown, but we've only owned our home for 2 years and have a home equity loan that we rolled our other debts into. we won't…

In Texas how long till you can get a… ...purchased in cash with no mortgage? We tried for a home equity loan, and the lender said we had to live here at least 6 months first to it can acquire some equity. I explained…

Refinancing my home for a lower… I am planning to refinance my home mortgage for a lower interest rate. What are the pros/cons for consolidating my home equity loan into my new mortgage loan? My current interest rates for both loans…

Im up for a mortgage job with New… I go in for my final interview with New Equity Mortgage in Kentucky. I am very outgoing, dont mind working long hours, and a people person. What should I know about the mortgage business?? Pros?…

What are the pros and cons of a home… I am thinking of refinancing and the home equity mortgage is very appealing but I do not know enough about it. I can get a great rate and under 1K closing costs total on a…

Which would be better…to… Here's the info. We want to put an addition onto our home. We purchased it new in 2002 for $ 119,000 and we borrowed $ 26,000 on our original loan which is a 5/1 ARM.…

Random Questions

Delta Amex cards – different “perks” if applied for through Delta reservations agents?
tl;dr is there any difference between an Amex app by phone with Delta and an online app? Current amex cardholder (personal revolver, business charge, corporate charge).Amex Delta Plat CC Limit I went online an applied …
Nfcu auto refi
Hello,I currently have an auto loan of 30,000 with Alaska credit union with a 9.9 intrest rate. I just applied for a auto refi through NFCU and was approved for a 8.6%. I was hoping …
How do mortgages calculate annual income?
Thinking about a house to purchase but would like to know how do they calculate your income. If 2014 W2 I made less then half of my 2015 W2 what would they consider my income? …
Advise on next step
First off what a great wealth of information this site is! We are currently rebuilding our credit after several rough years and I have a question about which way to proceed. We have 2 CO’s, …
USAA Approval
Hey guys, I know this is for credit card applications, but I wasnt exactly sure where to post. My boyfriend has had USAA for a while now due to his mom being retired military and holding …

Random Posts

Home Taxes and Insurance?
I need to calculate my home taxes and insurance for a home in lancster that I want to buy, how do I do that?How lenders calculate loan amount? Hi - another question.* Wondering how lenders …
I’m scared my credit score will lower..?
In the past 6 months I have raised by credit score by over 200 points. My husband and I will be buying a house by the end of the year and there are a couple …
Mortgage survey?
My husband and I are first time buyers and I’m looking for a good mortgage. I called you on some credit unions, information obtained planning, but I noticed that I have no idea what to …
What would you like to ask?What are some different types of insurance and what are they used for?
I don't get insurance at all, like… Yes, I know it is kind of a stupid question to ask but I really don't get it at all. I know there are different types of insurance …
Buying a foreclosure home. Need a little advice.?
My husband and I are looking to buy our first house. We have found a few foreclosure’s we like. We are wondering what do we offer on it. They are nice homes and homes in …

Random Topics

Help with Payday Loan Collector
I received a call this morning from a local phone number. When I answered, the woman stated she was calling from Evans Law Assoicates for a payday loan taken out 3/31/2008. I googled the company …
can my insurance company not cover me in a lawsuit if i dont live in the property full time?
im being sued by my tenant after his fall ,my insurance says that because i dont live there anymore i need a different policy, to cover me ,i still own the property and pay the …
Personal loan from wells fargo
I *have 4 small credit cards, one at $300 limit, $700, $1500 , $1500.*I have no personal loan and my credit score is at 630 equifax . I have paid all my balance down to …
How do students afford to go to nice places for Spring Break?
I for one, am a full time college student. I live alone, and I also have a part time job. I BARELY manage to pay my bills each month. Tuition is outrageous and I’m in …
If Chi nee would not buy your house, should your taxes be lowered to reflect less potential buyers?
A plan to build a hospice at the University of British Columbia in Vancouver has run into opposition from luxury condo owners nearby.What are the steps to building your… As a entrepreneur just getting investment …