LineofCreditHomeEquity.info

My husband and I bought our house 2 years ago. It is our starter house and we anticipate moving out in the next 3-4 years. We are having a sewage system put into our neighborhood and must pay a 00 tap in fee in addition to the amount it will cost to pay a plumber to dig a line from our house to the sewage system. We are looking at about 00 that we do not have readily available.

Along those same "home improvement" lines, I would like to renovate our kitchen. I thought that it might be a good time to look into a home equity line of credit to a.) help pay for our sewage and b.) help us pay to renovate our kitchen. I have only done a little reading on the home equity loans, and we can get a good rate from our credit union at 4.99%. I am wondering if we would get approved for ,000, and is it a smart move to get the home equity loan?

I own ,000.00 in credit card debts.
I’m worried to get the Equity with less rate because ones they start to go up I can end up paying a lot; at the same time I don’t want to get the Equity with higher rate because even though it’s a fix rate I will still pay more than I can bargain.

I live in NY State. I recently took a home equity line of credit on my investment property. I used that amount to pay off the balance on another home…the one I live in. Now, I’m finding out I’m still unable to get my financial situation under control so I’m considering bankruptcy. If I file for bankruptcy will I be able to keep the home I live in or will it be taken away ( especially since the only reason it’s paid off is because I used the line of credit from the other property)?
Thanks
Let me clarify the question:
Will I be allowed to keep the home that I live in?
More INFO: I’m retired and have no income but what I get from my investment property….yet that’s not enough to pay the bills.

I need some help. We have used up a lot of our Home Equity Line of Credit and realize that it will take us forever yo repay it. I wasn’t sure if I should re-finance. We qualified for a FHA loan-6.5% interest rate and have paid in 6 years on a 30 year fixed rate.

Our credit limit on our line of credit is 66,500.00 and we have used up almost 60,000.00!

What is the best way to approach this? Also what are "points"? Do I want "points" when re-financing?

Thanks

We have no other debt to pay off and we are able to put from 0-00 extra each month on these over the required payment. What I have been doing it putting it all on the HELOC. Is this the wisest choice. The mortgage is fixed 5.5% with a balance of 5,000. The HELOC is variable with a balance of ,000

I am trying to get a Home Equity Line of Credit from my primary Mortgage holder on short notice.
How hard should this be ?
They took my information 2 days ago and said it should be a breeze but now thyere not returning my calls.
My house is worth 399k , I have 165k in equity and am asking for home equity line of credit of just 15,000
This is an emergency situation and i have no one to turn to otherwise.
If they turn me down, how easy is the process with another lender ?
I really need a no doc fast deal.

We have outstanding credit and took out a Home Equity line of credit a few years but never used it. Citibank just lowered it from a few hundred thousand to 10,000 because they say all homes have gone down in value. We still have 200,000 in positive equity in our house so I am sure that Citibank is just trying to do a blanket lowering of all lending like alot of banks these days, either do to their TARP obligations or making more profit elsewhere. Any knowledgable folks out there that can recommend a new bank that is fair is their Home Eq lines of credit. I would like to do business with a different bank on my 1st mortgage as I can save 1% over my rate now and get the line of credit at the same bank. Recommendations, please.