Ask Bill - Answers about Home Equity
A catalog of some of Bill's best question and answers on home equity financing.
Is my bank violating my HELOC contract by applying payments to late fees first and then the interest second?
I have only a HELOC on my townhouse, but the balance is greater than the market value of the property. What are my options?
Should I refinance my 15-year HELOC if we are three years into the loan? What are my options?
My first mortgage is a non-recourse loan, but what about my HELOC? How does the Mortgage Forgiveness Debt Relief Act help me?
My spouse died and was the mortgage holder. How can I settle with the bank if my name is not on the note?
I need money to pay for kids tuition, I have good equity in my house, which is better: cash out refi or a HELOC?
We have a home paid for by cash, we need to make some repairs. What would be better, a 1st mortgage or a HELOC?
My rent income is not enough to pay my mortgage, I also have a HELOC, can I put the rent money there and use it as a checking?
Is there any recourse for my second mortgage lender to come after the funds if I file for bankruptcy after foreclosure?
I was told that we have too high of a home equity line of credit ($475k), but it was never used. Will it hurt my credit score?
What recourse does a Bank have on a defaulted home equity line of credit?
I am thinking to applying for a HELOC for 100k+. I wonder if my FICO score will be effected?
Our plan is to convert our garage into a bedroom my 82 year old mother in law. What is the best type of loan for her?
I have a $20,000 balance on my home equity line of credit through my bank. Can I transfer that balance to a 0% credit card?
I need help paying off a heloc loan. I didn't understand what it was at the time I was trying to buy my home
Will a subprime home equity line of credit to consolidate credit card debt improve my FICO score?
Should we get a Home Equity Line Of Credit to do home improvements and pay off student loans?
