Home Equity Loans Arizona

we are buying a home from my mother. she is gifting us the equity in the home. can we get an equity loan at the same time as we get our home loan or do we have to wait and how long?

I’m looking to refinance my home to a lower interest rate and I’m wondering if it’s going to go down any lower than 5.25%. I’m thinking it’s maybe a great time to lock in my rate. What do you think?

I was coerced into taking a home equity loan along with a mortgage refinance four years ago. The max on the loan was 15,000, of which we spent around 9,000. Since the time we did this, the monthly payments have continued to climb because of the high interest rate, and late fees. The loan has been maxed out for several months. In February we turned the account over to a credit counseling agency we are using. Today I received a summons that will account for nearly 20,000. I have never had a late mortgage payment; can I end up losing my house because of the home equity loan?

I’ve been my house for 1 yr, would really like to lower my payment as much as posible so i can have extra cash to pay off so high interest debit…

1.) How much does this type of loan lower a payment?
2,) I do not plan on staying in this home for more then 5-6 yrs tops…
3.) Is those bigger companies (Quickin loans) good or dhould I consdier a smaller company?
4.) Would this be my best bet to get rid of some debit or is there a different method I should use…

Thanks for all your help.

I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.

I would like to refinance my home. I am self employed and claim deductions so i had to get a stated income loan. I just purchased in July. I know the rates are getting better and I would also like to get rid of mortgage insurance. My home appraised for $142 and i financed $119. My question is will i be able to refinance with stated income with no more money down, just refinacing fees. And since i allready have the loan will it be as complicated as it was in July? I have a thirty year fixed loan.
Kerrville Texas real estate prices don’t go down just up. And I have done way more than $3000.00 in upgrades I am positive it would appraise higher.

I looking to get a Loan for $5500.00 – $7500.00 to fixup my house. I’m a first time home owner and purchased the house as a forclosure through an FHA Home Morgage Loan. I don’t have much equity built up, but I’m looking for any options available. Government Loans or Grants, First Buyer Home Improvement Loan, Any advise will be appreciated. Thanks

Currently looking at refinancing home, but can’t decide if it would be better to add additional monies to current mortgage to lower amount to be refinanced, or refinance and put that sum onto new mortgage.

I had a recent BK probably 2 yrs ago. With my BK I had a foreclosure as well included in my BK. My credit scores are between 620 and 640. I have about 100K equity in my Condo. I am looking to pull out anywhere from 30K – 50K. Any thoughts or ideas? Thank you.

I am not sure whether to refinance with debt consolidation, cash out or a home equity loan or line of credit.

I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?

Are the terms interchangable or are they two different things?

We are first time buyers. We both have low credit scores. Mine 550-580 and his 500-520. We are looking into a FHA loan. The house we are looking at is a bank owned has been on the market since sept.08 and the starting price was 169,900 and is now 114,900. We have 5% for the down payment. What does the 7,500 help with?