Home Equity Loan

Is it better to get a home loan thru home equity line loan? I am thinking of refinancing and Chase Bank is ready to give a 10 yr 170k home equity loan. Is this a better than my existing home mortgage loan. Is there anyone who has suggestions for this.

Can Chase home finance take my home? For a long time I had superior credit but due to severe health problems I fell behind and could no longer afford to keep up with my payments, I sent what I could consistently. However, I just recently had an award issued against me in favor of Chase credit card company. I know that Texas law states that Unsecured creditors cannot force me to sell my home for unsecured credit card debt the exception being home equity loans, contractor liens or loans for home improvement. My problem is that I also had a credit card with chase. (never used it for anything concerning my house )Could they find some loophole and force me to sell my home since my credit card was with them and they are my mortgage company? Anyone been in a similar situation? By the way the award(judgment) is for the credit card only not my house.

I have never applied for a home equity loan. Do you know anything about it? I have a Chase credit card, and they have always kept their word and I applied for a fixed home equity line of credit for 4 yrs. The fixed rate is 7.8%. I am not sure if that is good or not Should I apply at more than 1 bank? Will other banks, loan companies possibly give me a better fixed rate? My home is paid for. My dad sold it to me for $1 before his death. I only want a fixed rate, not adjustable and asking for $11, 000. for the roof and tuck pointing the chimney and fixing some vents up there. I desperately need a roof since the house is very, very old. The roof is running water all over the floor.

Is it possible to do a deed-in-lieu of foreclosure on a HELOC? My primary mortgage is with Chase; my home equity loan is with Countrywide. I am in default and trying to sell the house before the foreclosure happens but I don't know if it will happen. Today Countrywide told me that you can't do a deed-in-lieu on a HELOC but I am skeptical. I don't want to call Chase Home Finance and ask because they have been abusive and rude to me every time I've spoken with them.

I applied for home equity credit thru chase. Is this a good or bad idea? I need $11K for a new roof. It is going to be a lot of work up there, so I asked for $2,000 more than they bid the job in case of some wood rot or some other extra's. I requested a fixed rate and no closing cost, so they offered me the $11K for the loan at a fixed rate of 7.8% interest for 4 yrs. They said they would offer me an adjustable rate of $25,000 and if I need to borrow more than the $11,000 they would let me borrow and fix that rate. They also said no closing cost. What do you think? Can I find a better deal somewhere else? I need to add, the roof is leaking water all over the place, and I have a trash can sitting next to me to catch the rain water,so this is kind of an urgent matter. Also, this is a 2 story house with an add on addition and a garage with a big tear off since I think we need to know what is under the roofing.

what is a decent interest rate on a HELOC (home equity line of credit). ? we have very good credit and our? household income is around 130k. we have a mortgage loan of 280,000. our HELOC interest rates is the PRIME RATE plus 3/8ths. we got this home equity line of credit with Countrywide Financial. Our mortgage is with JP Morgan Chase. I'm wondering if I could have done better on the HELOC by going straight to JP Morgan Chase for the HELOC and possibly might have avoided the $500 closing fee? Is this a bad deal I have with Countrywide? Do others know if Countrywide is competitive. I should have compared more before I got the loan. Does Countrywide loan to risky customers and therefore expect a higher interest rate from all its customers?

I am in the process of closing out my checking account and Im nervous. Should I be? I banked with a very small bank for the last 8 or 9 years. I am aggrivated because they would not approve me for a home equity loan. I think it is small town bull. I am transferring everything to chase bank. I get free checking, an open end line of credit, a bank card, computer banking and the guy was really helpful. At my old bank, you could feel them being arrogant and almost snubbing when you walk thru the door. I dont know why i am so nervous. Maybe its change or am I missing something. I work full time as a nurse and I am single. I am leaving a small balance of like $200 in my old checking until I am sure all checks and surprises have cleared.

How can I find a real estate agent who is experienced in short sales? I want to try to do a short sale on my property before the foreclosure goes through. I will go into pre-foreclosure in about two weeks. Is it too late? I live in Orlando and I know a lot of good realtors to call but I really want to find someone who knows what they are doing when it comes to negotiating short sales. I have a primary mortgage with Chase and a home equity loan with Countrywide so I assume that will make my case more difficult. Any suggestions on how to find someone who specializes in short sales? Or should I just call my local realtor and keep my fingers crossed?

is there a real littleman bank out there,were you actual talk to someone who can make a decision on there on , recently out of bankruptcy,over a yr,trying to improve my credit,been with chase,when they bought out first city,well tx commerce,bought first city .had bank account with bank one and chase bought them i thought cool,but loyalty means nothing in banking anymore.need to find bank i can work with.chase wont even open me a savings,etc for a secured credit card.i was turned flat dn.want even consider a home equity loan,o know they say maybe after 3 years out of bankruptcy,what a joke.i wanted to put up 500.cd for a 200. dollar limit credit card you know build credit.no,no,i say down with chase,go back to new york.my home is payed for but so what little man,go away.not me.i could go on and on .just need a good bank in northeast houston to work with me and my family .thanks

Is it possible to be listed on the deed to a house, but not the loan? If so, what are the implications? In 2006, my aunt, stricken with breast cancer and near death, persuaded my father to have the deed to her townhouse transferred to both him and her daughter. I can not completely understand her rationale (or my fathers acceptance to do it), but I assume it was to somehow ensure that, after her death, her daughter will still have a place to live. However, my aunt was still financing the house, and because of the subprime ARM she had, she was largely paying interest and not building any equity in the house at that point. She passed away in August of that year, and her daughter went to live with her boyfriend's parents afterward. My father has been paying on the house each month ever since. My father does not live in the house -- nobody does. He has been straining to make the payments every month because he feels a responsibility to do something with the house, either sell it, or refinance and rent it out. The problem is, while he's been sending Chase bank a check every month, the home loan was never transferred to him and it does not show on his credit report. My fear is that, since he's not on the loan, his money has not built any equity for him and it'll be problematic pursuing any type of refinance. He's stubborn to foreclose or cut his ties to the house because he doesn't understand his options. My dad lives in an apartment with rent half the payment of the house. He has good credit and would've never financed a house the way my aunt did. However, he has been amassing a good deal of credit card debt because of the strain the mortgage put on him. If you're familiar with property law, is there any insight you could provide on this situation? I would really like to see this situation resolved somehow -- my dad has made great sacrifices for my brother and I and I was hoping that once we became financially independent, he'd be able to focus on himself for once. This great imposition on him threatens to leave him with uncontrollable debts.

I need $20,000 for debt consolidation - score & history is good just a lot of debt. Keep getting denied, help? I am very desperate to come on here and talk about my financial situation. I need approx. $20,000 to consolidate credit card debt... I do not have enough equity in my home (just bought it last year), I have tried personal loans through Capital One and Chase and have been denied. With Capitol, I even had my father co-sign (he's got excellent credit) and it didn't work. I have NO WHERE ELSE TO TURN. I need help, if anyone knows a forgiving lender who will look at my situation, or any other way for me to reach my goal, PLEASE let me know. Please do not refer me to a credit counseling program, for I don't use my cards anymore, I just have been paying on them for 3 years and trying to speed up things. I know I could just keep paying the most I have on one card and work them down, but I am looking for debt consolidation OPTIONS. Like a bank or organization that would help. Thank you so much for your time in advance!