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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?

Recently I was told that we have too high of home equity line of credit ($475k) But it was never used, we are keeping for emergency. Will it hurt my credit score? My FICO score is very good but my overall debt ratio is a little high when compared with my income.

Hi, I sell reverse Mortgages. I also want to educate seniors of potential scams. Any ideas on how I can do both?

Hi, I sell reverse Mortgages. I also want to educate seniors as to the potential dangers of Reverse Mortgage scams. I'm feeling that to do both on a given presentation could hurt the Reverse Mortgage industry in that if the senior did not enroll he might spell out he dangers of a Reverse Mortgage at say a senior center scareing other seniors and hurting my future business. Any ideas rega...
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I am trying to do a reverse mortgage, but I am being tols that there is a resale restriction on my home. What does this mean?

What are the ramifications of a second mortgage in charge off status?

My husband is unemployed and we have fallen behind on our first and second mortgage. We have a plan setup that should take care of the first mortgage, but our second mortgage is in charge-off status. My question is would it be okay to let it get charged-off? What are the ramifications of this?

What recourse does a Bank have on a defaulted home equity line of credit?

There was a line of credit taken out on my property that i own with my spouse which I never signed or authorized. My spouse defaulted and the bank closed down the checking out for no explainable reason where the payments were being taken out of. However the loan was never recorded on the property. It has been well over one year now! Does the bank have any recourse on my property? Or can they...
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Is there a way to transfer credit card debt under 10,000 worth to a new home loan?

What time is best for me to refinance my second home?

What happens if you are good with the payments on your first mortgage but default on your second mortgage?

What happens if a person has a first and a second mortgage on their home and a spouse loses a job and the new job he gets does not pay enough to pay the first and second mortgage? What happens if they decided to continue paying the first but let the second fall behind? Besides being a black mark on credit reports what can the second holder do? Can they foreclose on the home? The second is $1...
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What if you owe $550k on your house but due to home prices dropping, the house is now worth $400k? What can I do?

What if you owe $550k on your house split between a first $440k and a second $110k, but due to home pricing dropping, my house is now worth $400k. What can I do?

I am using a broker and I would like to know if the costs associated with the loan are unreasonable. Are they negotiable?

I am in the process of refinancing and combining my first and second mortgage. I am using a broker and I would like to know if the cost associated with the loan are unreasonable and are they negotiable? Also can I look at the Good Faith Estimate and derive how much profit the broker is making?