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!
Posts Tagged ‘home equity line’
What must be a debt to income ratio to qualify for home equity loan? ?
Friday, November 13th, 2009Is it really possible to pay off my 30-year fixed rate mortgage in 5-7 years?
Monday, October 19th, 2009I saw a so-called expert on a news broadcast this morning who said people in Australia and Europe have discovered a way to leverage their debt and finances in order to pay off their home mortgages at a faster rate without changing their monthly payments. How is this possible? It was quickly suggested that a Home Equity Line of Credit (HELOC) was the secret, but what does getting more debt have to do with eliminating debt?
I have line of credit at 2.5%. Should I refinance my mortgage to fix rate?
Tuesday, September 29th, 2009I just use my home equity line of credit 2.5% to pay off my mortgage. Should I refinance to fix rate? I am afraid the rate will go up.
Could the mortgage bailout money be given to mortgage holders?
Friday, September 25th, 2009What would the downfall be if the government would give each mortgage holder ,000 to put towards their primary residence? It seems to be the money would be used twice instead of once. The banks would still get the money and the American consumer would be helped out as well. People in bad mortgages could use the money to refinace to a more favorable mortgage, and people that are current could just pay off more. The banks that aren’t in bad shape would then have more money to help out/borrow to the struggling banks. Seems like a better option than just throwing money at banks that made poor decisions. What am I missing?