Home  Equity  Loan and home equity line?  what is the differance?
113867
The difference is a loan is a lump sum loan from the equity in your house.  The equity line is a line of credit based on the equity in the house.  You can draw money from the line of credit anytime you want and when you make payments, you can use that money over again.
318651
Loan generally refers to monetary and lend generally refers to items.\nI'll loan you $50\nI'll lend you my tools.
268012
take the time to find out what loan or debt has the most interest. pay that off first. then go in decending order from there. if you have a house try and equity loan you'll have just one bill and it'll be lower interest than all the other loans.  pay off the loans with the most interest. make sure when you pay over the minimum balance that you write the rest tword principle. othewise they will put that money tword finance charges..and that wont help you at all
816818
There ism't much difference. FHA does have MIP, but just like PMI with conventional loans, you can file to have it removed once you owe less than 80% on the house. If you are refinancing you may already have enough equity in the house to not even worry about MIP or PMI. \n\nFHA rates are lower because the payments are insured by the government, and they usually want you to stay in the house a certain amount of time before selling it. But, there isn't really a big difference.\n\nGo for the best rate, 3% saves you alot of money no matter how you look at it.
977405
It seems like you have equity in your own home. If that is the case, then use hard money lenders to finance 65% of your deals and use a HELOC on your home to finance the other 35%.\n\nRegards
88630
Equity is the difference between the amount of money you owe on something and the value of it. So you have to find out how much you owe on your vehicle and the value of it.\nThis site can help you to find out the value of your car. http://www.kbb.com/\n\nSince cars usually depreciate, or go down in value. It is unlikely that you have an equity in your car unless you made a large downpayment, or are close or finished paying it off.
1114813
In a construction loan, you can use the portion of equity you have in the land towards the total "finished" value. Basically, your down payment is within the land that is already payed off. I specialize in commercial/construction loans if you'd like to see about getting an approval, let me know.\n\nSome basic questions:\n\n-Do you have plans already\n-What is the zoning of the land\n-what are the total construction costs\n-Do you have permits\n-Where is the property located\n-what do you estimate the value (completed) to be\n-Are you and your significant other employed/retired & what income/how long on your jobs\n-is the property in a rural or urban area\n-what is your credit situation\n\nThese questions should be enough to get some accurate figures for you.
214114
Home Loan is the loan taken to purchase a Home, Mortgage is the loan taken against a property as a collateral security..
333126
I am not sure whether you are asking which is the better purchase option for you, or if you are asking whether you should purchase a home at all. If your question is the second one, yes, you should purchase one or the other, as you will be building equity of your own, rather than paying rent, which is building equity for someone else.  If you are asking which to purchase, there are a number of things you should consider.  While a house may appreciate faster, thus allowing equity to build faster, it requires a lot more maintenance, repairs, and yard work.  Are you equipped to do these yourself, or have the resources to pay someone else to do them?  Talk over everything with a real estate professional you can trust.  Look at every consideration you can think of, and decide which would be best for you.  Only then should you start to look at potential properties.  Good Luck!
1016841
Almost simultaneously if you have equity and a good FICO.  On a new build in a hot real estate market you should have equity by the time the house is completed.\n\nYou maybe able to close the equity line when you close on the home.  \n\nSome buyers use an equity line for part of the downpayment and need it to close and that's doable.\n\nGood luck
340242
If you already own your home, you can take a loan out for both amounts as long as you have enough equity in your home. If you are purchasing a home, you can not typically add additional money to your loan.
476390
take a loan on the equity of your property.  it will be like a new mortgage
235011
No one is buying Centex Home Equity.\n\nCentex Home Equity is subsidiary of Centex Homes. Centex Homes operates in about 560 neighborhoods in the US, and sold more than 33,000 homes in 2005. \n\nCentex Homes is a subsidiary of the Centex Corporation. \nThis company is in great financial shape, so they are not selling any of their subsidiaries.
288069
That's why whenever you apply for a home equity loan....they don't really tell you.  They alway say consult your tax advisor.\n\nTechnically it's not legal, but it's in a "gray" area of the law.  \n\nI know of tons of people who have taken the interest off their taxes and haven't been challenged.  I would not worry about it.
884850
A home equity line of credit can only be obtained based on the equity you have in your home.  You cannot convert a mortgage into a LOC.  Mortgage rates are typically lower and have a longer term, so short of refinancing your mortgage, you're probably best off sticking with what you have.  If you visit any bank they are required to carry a government brochure talking about HELOC's (home equity lines) which will give you an idea about what your options are.  Most people get HELOCs as an emergency backup for unexpected expenses.  The good thing about these is that if you use the line, the interest you pay can be tax deductible, which helps defray the cost of using the line.  However, like any loan or line based on the equity of your home, failure to repay it can result in a lien against your property so if you ever sell the house, they'll take what money you owe out of it.
67234
It depends on the interest rate you would get. Most HELOC loans have a higher interest rate than a refi.\nIt also depends on what you want to do with the money. A refi is just a restructuring of the original loan; a HELOC borrows against the equity you have accrued. The HELOC could give you some ready cash for other things; a refi wouldn't do that. You can actually do both.
610980
you may not have enough equity to even consider refinance..Basically look at the interst rates of your existing loan and the rates that are currenlty being offered. Is there more than a 2 point differnece? Has homes in your area in the last 6 months gone up in value considerably? Don't forget with refinancing also comes clsoing cost, points, assesment, and attorney fees. Talk to you finance company. Otherwiwse look at possibly a second mortgage or line of credit (again depends on equity though)