Category Archives: Personal Finance

When buying a home, what is the best lender to use for a mortgage?

galactic129 asked: …a lender that would give the best possible mortgage rate.
I realize that this is a rather vague question, but please make at least a general input.
Thanks.Traci

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Can a new home equity loan amount be larger than your mortgage balance?

cjt asked: We currently have a home equity loan and a mortgage, but want to pay off credit card debt. Can we take out a new home equity loan, paying off the current home equity loan and credit card debt which would result in the home equity loan balance being larger than [...]

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What’s the difference between a home loan and a mortgage?

pool_wizard20 asked: mina: No, I don’t own a home. My parents do. Dumbass.Nadia

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I just bought my first home. Does this help my credit score right away?

Jennifer asked: My credit cards are maxxed and want a consolidating loan to pay all off any chance with starting score of 614 after buying a home. Just mailed first mortgage payment.Charlotte

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Is it really possible to pay off my 30-year fixed rate mortgage in 5-7 years?

urbaal_99 asked: I 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 [...]

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What are home equity interest rates?

Ivan S asked: I’ve read home equity interest rates are higher than first mortgages but by how much? 1%-2% or more?
I’d appreciate if you could give me just a general benchmark, assuming I have a good credit score.
Thanks!Minnie

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Mortgage Refinance or Home Equity?

karenldee asked: I have some home repairs in the near future and am wondering whether it is best to go with home equity line of credit or just refinance on my mortgage. The home is a recent purchase so the mortgage rate would probably not be any lower. I’m leaning toward the line [...]

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I own a home. How can I get money from the home to pay off credit card debts?

Phil D asked: I own the home with no mortgage. What is the best option to take to borrow against the house to get my debt in order?Sonja

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Pay off House or Student loans in next 2 years or take longer & save for retirement?

Curious_N_Concerned asked: House mortgage is 67,000 at 6.5% interest
Student loans is 65,000 @ 8.0% interest
Current retirement savings is 40,000
You can take the interest on student loans as a tax deduction on your taxes without itemizing which is a plus
I am age 36.Online Forms

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Can you borrow more money than the house costs on your mortgage loan to pay off a car loan?

Ashley B asked: I am paying on a car loan and was wondering when applying for a mortgage loan can I borrow extra than what the home costs to pay off the car loan?Stock Watch

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