Reverse Mortgage

brandy2002 asked: My credit is poor but I have probably $80k in equity in my home. Will a bank refuse to approve a home equity loan because of bad credit?

Richardsbabygirl asked: Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit [...]

smiling_chicka asked: My credit isn’t perfect and I want to get a home equity loan. What are the qualifications? What lenders look at if you have bad credit? How can i increase the chances of getting one, without waiting for credit to go up? Would appreciate if you can answers even one question. I am [...]

Lojo asked: How does a home equity loan work?

Jan B asked: I have already tried at my bank and was denied. Does anyone know a good tried and true place to get a home equity loan?

King Money 1985 asked: I know a HELOC is a “Home equity line of credit” but what is the difference between that and a “Home Equity Loan”?

Lue R asked: The home is paid for and no liens are against it. The home would not pass inspection at this time. I need 20K to make it livable again. Someone told me that the bank would lend the the money on the future equity of the property if I had a licensed contractor [...]

Felt B. asked: I’m looking to open a shop and my parents offered to lend me some money to help out. They are taking out a home equity loan to lend me about $35,000 to $55,000. I agreed to pay them back. Because they are taking out a loan do they have to pay any [...]

Trixie asked: I got these medical bills from a recent surgery and its causing a huge financial strain on me. I make enough to live comfortably, but not enough to live comfortably and pay this incredible amount of money every month. I am just wondering, since interest rates are so low right now, is it [...]

jbatschool asked: I am not sure whether to refinance with debt consolidation, cash out or a home equity loan or line of credit.