Home Equity Loan
Debt Consolidation Home Loan Knowledge Base
Can I get a debt consolidation loan as a home loan but with no equity? I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don't want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!
What is better, debt consolidation loan, home refinance or home equity loan? My husband and I want to pay off some credit card debt; which is the better option?
where can I get a home/debt consolidation loan with bad credit? I would like to have a chance to start over without having to file bankruptcy.
Do you have to own a home in order to take out a debt consolidation loan? I would like to consolidate my debt and have seen information on debt consolidation loans. I do not own a home but am interested in consolidating my debt. What options do I have?
Is a debt consolidation loan possible with OUT home equity? My ex has the house. The only collaterol I have is some IRA's that have double the value as my debt. What alternatives are out there? What do you suggest? I have great credit, pay on time, not behind. I am wanting to get a home within a year, but will not be able with such a large debt. This monkey on my back is stifiling. Thank you ahead of time for your suggestions! 081707 10:07
How can a debt consolidation loan that also includes home repairs and will reduce monthly costs by $650 be bad I checked out the loan and the interest is not too bad giving that this is a second mortgage that gives money for repairs and pay offs. The only thing I see is that it eats up all the equity and we will need to live in our home for at least 15 years before trying to sell...so that alone is the biggest decision. I am just wondering if there is anything else I should be looking for??? Thank you for the advice. The rate is 9.5% Fixed for 15 or 20 years. There is no pre payment penalty.
New homeowners need personal loan for debt consolidation and home improvements.? My husband and I closed on our first home on 8/31. Our loan was financed 100%. We are now looking to consolidate our credit and auto debt into one along with major home improvements that need to be done. . They total $35k. Where is the best place to go to apply for a personal loan or line of credit for at least $60, 000. Thank you for any insight!
debt consolidation with home loan? i want to buy a home, but have $44000 in debt already, can i get a home loan that includes the amount needed for the house as well as including the debt eg if i buy a house for 299000 plus debt 44000 equals a home loan of $343000???
where can I get a Debt Consolidation loan for my credit cards without owning a home? I am looking for somewhere to get a consolidation loan for my credit cards even though I dont own a home?
should i get a debt consolidation loan on my home to pay off debt? I have about 760 credit rating Im at 5.85 interest rate for 30yrs.. I put 20000 in credit card debt into credit counsiling for a year and a half its going down fast but money is tight thinking about different options
Can you receive one loan for home purchase and debt consolidation? I would lke to know if there is a type of loan that will allow you to consolidate credit cards, personal loans, and purchase a home at the same time. I am currently a graduate student with student loans as well.
Anyone know any good way to get a decent debt consolidation loan? I want to get a debt consolidation loan, WITHOUT using my home equity, but they are telling me my credit score is great, but by ratio is too high. Well, I want to consolidate all the CC debt I have, but it's running me in circles. What's the point of trying to get a consolidation loan if they won't lend it to you because you have too much debt? Does anyone know of ANY bank or anywhere I can turn to that understands and can try and help me? Thank you for your help!
debt consolidation loans,home equity loans? me and my wife just bought a house 7 months ago and when we moved in we did not realize how much we needed to get the house adequete with furniture etc. so now we have ran up quite a few credit cards and have a 4000 furniture bill that we are barely getting by paying .so vcan someone tell me how debt consolidation works, and if it will mess your credit up. our house appraised at 92500,while we owe 86000 on it so any advice u give would help . thanks
I am 25,000 in credit card debt. I own my home (no equity) - need help with loan advice or debt consolidation? I have been transferring balances and making payments but I would like to know if there are any viable loan options to turn it into one payment without killing my credit score. Any help would be appreciated.
Found a home that has equity is there a lender that will do first mortgage and debt consolidation in one loan I have debt that I want to consolidate into a home purchase, since I found a home that is priced well below appraised value. Since there is already equity is there a lender that will do a first mortgage and second at the same time? This would reduce my debt to income and put me into a better financial situation since I would only have one payment would be lower.
Where can I find a personal debt consolidation loan for people with bad credit? I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $5000, but I do not know where to start. I have seen people with yahoo addresses claiming they can loan money but they sound fishy as it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up what I fell behind on. PLEASE help asap. I have a 5yr old and I do not want him to suffer us loosing our home or car.
which bank we should contact for debt consolidation loan? we have 3 credit cards with 15K debt and paying average 15% APR ...and we think we should try for debt consolidation personal loan which doesn't require any collateral or home equity...so based on experience can you please suggest which bank we should contact for such loan?
Debt Consolidation? What effect will it have if I get a debt consolidation loan. I am not in any financial trouble but I am tired of just paying multiple collectors each month. Will this have any effect on my credit score or cause any problem in the future when I try to purchase a home. I have hear that it can cause problems like that and can make it difficult to get a home loan.....Does anyone have any personal experiences with doing this??
Should I payoff my 401k loan with an unsecured debt consolidation loan with nearly the same rate? My 401k loan plan is a fixed payment plan, pay no more or no less. I owe roughly $19K w/ 8% int. (home loan) with 6+ more years to pay off. The debt consolidation loan is for 8.99% for 5 yrs. One caveat ofcourse, is if I miss just 1 payment rate can adjust as high as 27.99! Gotta go w/ autopay deductions. Doing this will give me more take home pay, but is it worth it?
Does getting a debt consolidation loan mess up your credit? whats the best place to get a consolidation loan for debts with fair credit ... i dont want to mess up my credit anymore please advise...how soon an i purchase a home after getting this type of loan? i would like a starter home soon im tired of paying rent i want to consolidate all my bills into 1 payment and purchase a home please advise on situation and suggest areas to move too... thanks
Does it EVER make sense to do a Home Equity Loan for CC Debt Consolidation? Two lenders are telling me it will be the BEST thing i ever did for myself. I have 3 bad debts and a FICO of 551. Why am I going to pay THREE TIMES over in interest to "make these go away" and put my house as collateral....changing an unsecured debt to a huge secured one? Seems like a no brainer.... Why do so many people do it? Am I missing a key benefit? I havent done it ...pretty sure i wont.
Is it futile to search for lenders that do "true" Debt Consolidation LOANS?? I have been searching for almost two months to no avail. Are there no legitimate lenders that perform Debt Consolidation Loans? I am not looking for a Home Equity Loan, I mean a loan to "replace" my high interest loans and credit cards with one affordable monthly payment?
Debt Consolidation Loan? My wife and I are considering a debt consolidation loan. We're current on all of our bills, but stretched a bit thin with not a lot left over after all the payments are made. We only have a year of payments in on our house, so a home equity loan isn't really an option. We're not looking to lump our cars or house payment in with this, just pay off and cancel all of the various credit cards we have and lock in one interest rate and payment. I was wondering if anyone could offer any advice or tips on what to watch out for. What, generally, are the terms like? How long could we space out the payments (we are looking for 60 mos.)? Any other thoughts or options? Thanks for the help. Okay... not that I think it's going to matter, and I'll probably still get spammed.... But I already have a couple of banks lined up, so I'm not a potential customer to anyone here. Not looking for an offer, just looking for someone with personal experience with this type of loan.
Where can i find a good debt consolidation loan? With not so great credit and do not own home for equity.
Where can I find a debt consolidation loan w/ bad credit for about 10,000 dollars? I need to wipe out everything quickly and show a good payment history. The debts are too old to get a traditonal bank loan. I have thought about the the online cash advance payday high intrest loans b/c I am more lkely to get approved . I am beginning to think it is worth it so that can repay an old debt to my college so I can graduate, finally obtain a regular loan to secure a home loan instead of paying out high rent as a single parent of three. Where can I get this sort of loan and do the ways out weigh the means in my case.
I have to write a letter in order to get a home loan as to why I have a couple late payments. Any suggestions I had a 60 day late on a small credit card and a 30 day late on a debt consolidation loan. I am being asked for some sort of reason why they were late when really there is no reason then being irresponsible and busy. What should I write?
Home equity loan for a rental property located in Morristown, New Jersey. Purpose: debt consolidation? I am a landed immigrant in Canada, living in Edmonton. I have tried to get a home equity loan on my property located in Morristown, New Jersey. I have approached several major US-based lenders. I have been refused the loan because I am not a US permanent resident. I need your help to locate a financial institution (American or foreign) willing to work with me. I have an acceptable US credit score and my job in Canada is steady and well paid (I work for the Government of the province of Alberta). I want to use the funds to consolidate my debt. Thank you for your assistance!
Is it wise to pay off credit card debt with a home equity loan? Is there a better option? My credit union is offering a consolidation loan and telling me that the average in our area is about 13.87 percent.
Doea anyone know of a company that will give debt consolidation or home quity loans to people with bad credit? My fiance and I have not great credit, but we make a decent amount money and are looking to consolidate debt so that we can get out of it! We have about $40k in equity in our house, and we will need about $30k to consolidate. We have a combined income of $77,000. we don't care about the rate because anything will be better than paying 20-30% interests on about 8 different accouts. Help!
Debt Consolidation Loans For Bad Credit? Are there any debt consolidation loans or personal loans for non-home owners with bad credit? I'm currently on a debt management payment plan but I'd really like to take out one loan to pay off all my debt at once. I havent been able to find any loans for this purpose. Thanks!
Is it possible to obtain a REAL reduction in ALL debt, or a REAL personal consolidation loan? Is it really possible to reduce ALL debt? Or to obtain a REAL personal consolidation LOAN without having a large amount of home equity? I am already in a Debt Management Program, that does not leave me enough money to even put gas in my car or food on the table. I am still searching for another full-time job in addition to the 8-10 hours a day I already work.
My mother has a lot of credit card debt and asked me to research debt consolidation.? She has over $25,000 of debt and has trouble making the minimum payments. We do not own a home and pay rent and auto loan monthly as well as the usual expenses. I looked at debt consolidation loans, and debt counseling sites and there is so much conflicting information. Anyone who has gone through the same or works in the field any advice?
Mortgage, Refinance, Debt Consolidation, Construction, Home Improvement...? I'm a loan officer for Access Mortgage and Financial, we do 500+ credit scores. Contact me toll free at 877-LOAN-103 and ask for Josh. We do first time buyers, home improvement, debt consolidation, re-finance and more. We handle all credit scores, good or bad. Don't ever pay for a loan application, they are free and can be done over the phone. You can contact me by phone, email, IM. Please only serious inquiries. We are currently licensed in 14 states Hmmm, this is the advertising/marketing section so why can't I advertise? I feel like your answer is violating guidelines, you didn't answer the question, you stated your opinion and got 2 points for it. Let the people at yahoo worry about me. And if anyone out there is seriously interested please contact me. For those of you who just want to criticize then save your 2 points for a real answer to someone who will appreciate it.
Im looking for a consolidation loan. I dont own a home and my credit is poor. Where can I get a loan from? I have about 10,000 in debt and I have a job full time and my salary is about 2200 every month.
Is a Debt consolidation/personal unsecured loan a good plan? We currently have three auto loans and three credit card, making six payments going out each month. The average APR on all come to 11%. Some of the autos were used so the APR was not so great and the CC are from ages ago when our FICO wasn't that great either. Our FICO is in the high 700's so getting approved for a HELOC or an unsecured personal loan wasn't a problem. The reason we don't want the HELOC is that the houseing market isn't that hot right now and we don't want to max out our home loan. So the other day we were approved for the full amount that we asked for but will end up using 92% of the amount we asked for. The main reason is that I would like one payment for everything. That way I'm not shuffeling things around just to make the min. payment on things etc. And when the housing market pics up we could revisit the HELOC. What do you think? As far as the HELOC, we didn't have enough in the house to take care of all the loans so it wasn't going to work right now. that's good to know that you've done it before. I like the idea of the single payment. We just had another baby, that makes three kids under 4yrs. old and I'm responsible for paying the bills and I don't want to screw up our FICO by missing or making late payments. We will most likely do a HELOC when the appraisal of our property goes up. Twelve months ago it was worth 30K more then today, crazy. we aren't trying to borrow our way out of debt just trying to keep our great FICO score. A few times in the past a last and miss payment is what damaged our FICO more then anything. So with ONE auto payment to the bank that will keep our score great. Being a SAHM isn't easy but it can be a little hectic during Summer break, KWIM?
consolidation loan? ok, my situation is that I have a huge amount of credit card debt and a few other loans. I am not a "big spender" and financially responsible but a few "curve-balls" that life has thrown me has left me in a hole I don't know if I can climb out. What I am hoping to do is either do a debt consolidation loan or maybe 2nd mortage. I own a home but other family members stay there and I was hoping to one day own one for myself. So I guess my question is what are some of the pros and cons of debt consolidation. What would I do or need to do to take out a home equity loan?
Consolidation loan for more than the value of my home? A financial institution has made an offer to combine all of my credit card debt ($35,000), my mortgage ($120,000) and my second mortgage ($29,000) for a total loan value of $184,000. I believe that my home is only valued around 165,000-170,000. The offer is for a 15 year loan at 8.89% APR. (My current mortgage is 6% and the second mortgage is 6.4%). It would only reduce my monthly payments by a couple hundred dollars, but the thought of having my home paid for in 15years is appealing. They are charging a pre-paid finance charge of $7400, which I really don't understand. They are adding that to the value of the loan making the total principal to be $194,000. I am really leaning towards going forward on this, but would really appreciate any advice. I am a little uneasy about the fact they are offering the loan for more than the value of my house. I realize that I will have to change my spending habits and get rid of my credit cards or this is useless. Thanks!
What should I do to handle my debt? Loans? Consolidation? Ok so im about $6500 in debt. I have a credit score of 696 the last time I checked but recently have had a very bad run of jobs. I am now with a GREAT company (Alltel) and bring home about $2000-$3000 depending on sales. But right now im at the point to where I cannot keep up with my credit card bill, loans and unpaid debts. I need to try and get all of my bills (About 10) into 1 easy payment. Over maybe a couple years time. (Not including car payment or insurance.) I was considering debt consolidation but then was told that my credit will be ruined and I definitely dont want that to happen but I may if theres no other alternative. If I look into bank loans where should I try? I have a credit score of 696 but cant even get a department store credit card.
When you do debt consolidation through home ownership...? does the bank only loan you the amount of money equal to the equity in your home? Or do they go above the home's value?
Debt consolidation Loan/Credit Card? I have a bunch of credit card debt and am looking to consolidate it. I don't use my credit cards anymore and i have a perfect payment history on all my accounts on my credit report. Never one late payment on anything. I am looking for some way to consolidate the credit cards to one loan with a reasonable interest rate since some of my cards are very high interest( over 21% for one of them). The problem is being in a lot of debt i dont get enough credit when i apply anywhere to transfer the balances. I have some equity in my home but not nearly enough to tap into it or i could risk being "upside down in it" Does anyone have any suggestions how someone with a perfect payment history but hight debt to available credit ratio can consolidate? It is nice for people to try to help but i dont even know if the person who replied read what i said. I dont need my credit repaired i have a perfect credit history just lots of debt.
Debt (consolidation, loans, what?)? I'm relatively young and in my short trist with credit I have managed to get myself in some trouble. I have a car loan and a large credit card balance. I need to consolidate and if at all possible get a lower interest rate. I don't own a home and like i said I have a car loan so I can't offer that as collaterol. I am really lost and I just need some advice on what to do from here. What are my options? What loans are available? What companies that offer consolidation legit? What can I do? It has taken me months just to finally admit that i need help and that my debt is starting to overwhelm me. Please Help me!
I have $7K in credit card debt how do i get a consolidation loan ?? About $7K in credit card debt. my credit score is very poor around 450. I cannot get approved for a consolidation loan, i dont own a home to take out a 2nd, im living pay check to pay check. I really wanna consolidate with loan. please help, how do i get the loan to consolidate if my credit is so horrible i cant get approved?? Anyone know of any places?? i dont qualify for cash call cause you have to be 21 and im only 20...someone?? anyone??
Debt consolidation with mortgage? We have a mortgage for 146,000. Value according to mortage holders is around 205,000. We have a fixed 6.65% rate and have 26 yrs left on mortgage. Current holder could roll all of our debt into home loan and reduce our rate by .25%. Bringing our payment with escrow, insurance, taxes, etc.. from 1460.00 to 1750. Our debt includes 14,000 in student loans, 14000 in credit cards, 15,000 in vechiles as well as 10,000 on HELOC. The question is this almost taps out the entire equity in our home and we would also have a thirty year loan again. Would this be a wise move? Thanks. BTW both of our middle credit scores are mid 720. We make about 110,000 a year.
Would I be able to get an FHA loan for debt consolidation? I have a $600,000 home with $450,000 in debt (currently 75% LTV). I have just under $100,000 in revolving debt (a lot on credit cards, had a bad business venture). I have a verifyable gross monthly income of $11,500. FICOs around 700. I basically want to get a loan for $550,000 so all my debt is in one single loan. I will not have any other debt after doing this? The problem I see if is I analyze by debt to income BEFORE the loan, there is no chance, but AFTER the loan, I fall well within the guidelines. The debt I need is $550k and the payment is simple to calculate using P&I. Don't see the problem calculating numbers. I have checked the max amount and I fall within the guidelines. I guess my main question is whether they will consider debt to income ratio before or after. If it is after, and I get about a 6.5% loan, my debt to income is 30% which is within their guidelines. HOwever, if they assess it before the loan, my debt to income is close to 50% which would put me out of range.
Debt Consolidation? What effect will it have if I get a debt consolidation loan. I am not in any financial trouble but I am tired of just paying multiple collectors each month. Will this have any effect on my credit score or cause any problem in the future when I try to purchase a home. I have hear that it can cause problems like that and can make it difficult to get a home loan.....Does anyone have any personal experiences with doing this??
Debt Consolidation Loan? I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about $900 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.
I need a really catchy advertisement logo for my car.? I work for an all around financial services company. I offer life, car, & home insurance. I also refinance mortgages without starting people back over at 30 years, get people approved for a purchase of a home loan, debt consolidations, planning for retirement & college savings, as well as offer an oppurtunity for a career with my company. I want to sum all of that up on a car door magnet. Help Please!!!
I wondering if its possible to get a home loan, but at same time consolidate unsecured debt? I'm paying a lot less than the appraised value of the property, and even after consolidation, will be 30 - 40,000 under the value of the property....Jus didn't know if lenders would allow this to happen?
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