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

Question re: when score goes down
So I know that CK is the fako scores and all, but I still monitor it there every week. So today is check in day, and both scores went down 2 points. And apparently due …
Wait, Send EE or Attempt to Settle?
Well I have done a little more research on my collection accounts. I have called the CRA and asked for the DOFD and exlusion date on 5 collection accounts (Midland, PRA & Cavalry). They told …
Can’t Win!
Had an old Cap One card and I swear, I don’t even remember getting this card. But whatever, I’m not saying it isn’t mine, just that I likely got it when I was in a …
Need Advice Regarding Phone Calls & Voice Messages
Hi, Unknown phone calls — advice? Hi all -- for the past three years I've been getting intermittent calls from an "unknown" number. TrapCall can't unmask it, no messages are ever left, and I'm not eager …
QS1 to QS Upgrade – Finally!
The card originally started as an HSBC account, converted to CO Platinum in 2013 I believe. I was able to upgrade to a QS1 in January of 2016. Since June of 2016, I have attempted …

Random Posts

How do the new USDA home loans work?
I want to buy a house, but my credit score is poor, my husband’s is only 580, but my mon told me that my little sister and her husband just got a USDA loan with …
Is careone a good debt consolidatation company?
I was wondering if careone is a good debt consolidation company. I have 1 unsecured card thats about $ 8000 in debt. Anybody knows the best way to get out of it quick. I cant …
Can you pay ahead on real estate loans?
To clarify:No loan activity? "You have no recent activity from a non-mortgage installment loan.Your credit report shows no recent non-mortgage loans (such as auto or student loans) or sufficient recent information about your loans. Having …
After many problems, what period of time is acceptable to get out of a lease?
My girlfriend and I moved into our apartment in July signing a one year lease. We moved into a 24 unit condo complex rented from one owner(husband and wife). Everything was fine until about 3 …
What happens if someone stops paying their mortgage?
Let’s say you lost your job and were forced to stop paying your mortgage, what can the bank do to you? Will you be able to get another home later? And if you have a …

Random Topics

GEMB Question
Hi Everyone,OK Here goes Mortgage Gurus… What… Credit.* As of yesterday EQ 642, TU 666. SINCE YESTERDAY on Equifax, there was a couple Midland collections that dropped OFF since my last alert, as well as …
Inquirys really stay on for 2 years, 1 month?
Its been 2 years. Why are my inquirys still there? * Went to dispute this on EX and it just said it was scheduled to come off August 2012. Its from July 2010. * This …
how many points does your credit score go down if you apply for a car loan at the dealer and was den
And you go to another dealer and was appoved but changed your mind about the deal?unauthorize dealer pulling credit check hi hello i'm new to this forum and looking for some advices on credit pulls. alright …
How soon after the statement goes out is new utilization reported?
I just paid off all my credit cards in order to look for financing for a new vehicle.* The statement date for the last of the three credit cards that I paid off goes out …
Rental Property – insurance question: Tree fell on property – tenants food went bad?
Hi, a large 10 tons tree fell on a triplex I own in Canada 2 weeks ago. As a result all 3 tenants had no electricity for 3 days and as a result all their …