Archive for the ‘refinance home equity’ Category

Credit is good I have an investment property that is paid in full should I refinance or get home equity loan.?

June 21, 2010 - 5:56 am 4 Comments

I want to consolidate my credit card bills and use some of the cash for more property.
I want to consolidate my bills and use some of the cash to purchase additional properties.

If I were you, I would SELL the investment property, pay off the credit cards, and use any remaining cash to buy more property FREE AND CLEAR.

can you refinance a home equity loan to lower the payments?

June 20, 2010 - 5:25 pm 2 Comments

My mother signed a home equity loan with my grandfather who has just passed, and I am trying to help her pay the bills but the payment on the house is too high. If she refinances could her payment go down? Are there any other options, or any kind of loans or help from anywhere? I am totally clueless this was very unexpected.

If she has the income she can get a different mortgage and they will pay that one off. If her interest rate goes down and fees aren’t high the payment could be less.

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