Tag Archives: Heloc

There Are at Least 2 Different Types of Home Equity 1st Mortgages Out There. Does Anyone Know What They Are?

1
mortgages

I am looking for a 1st mortgages heloc. I know that Macquire Mortgage is one but I don’t know the other.
The product I am looking for is honestly new. It is a 1st mortgage HELOC. It is a loan just like a 30yr. mortgage that most people use to buy their house. The difference is that it is a heloc which you use for the mortgage. Most helocs take advantage of the justice in your house, but, this product is what you use to originally buy the house. I can reflect of one which is offered by Macquaire Mortgage called the Assest Manager. But, I know there is at least one more I just cannot remember the name of the company. Does anyone know the company or ever heard of this type of loan?

How Do We Refinance Our HELOC Without Refinancing Our 1st Mortage?

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refinancing

We owe on our 1st mortgage is $52,000 at 6.25%, and our HELOC is $105,000 at 8.19%. Fixed. The estimated value of the house is between $110,000. to $150,000. I want to combine and lower my interest rate, but if that is not possible, how can I lower my HELOC. I would at least like to lower my $730.00 interest on the HELOC. What are my options if any? Thanks!

I Am Refinancing and My Mortgage Company Said They Will Roll My Heloc Balance into My New Mortgage but Will?

2
refinancing

not open a new heloc for me because rolling the heloc into the mortgage brings me to 77%. once the refinancing is done, is there anything stopping me from going to another bank to open up a home justice line of credit with them to access the other 23%. i have no plans of using it but i like the thought that i have access to it.