Looking to buy a property from a FSBO under a land contract that has an existing 3% equity line of credit mortgage, is there any way we can write the contract to prevent him from going behind our back and renewing the home equity line and or obtaining a new mortgage on the property, we are filing the Land contract at the district recorders office
Is it better to get a home equity loan, or a home equity line of credit? I want to pay off my credit card debt.
Would a Home Equity Line of Credit or loan used to buy a home be considered a Home Aquisition Debt instead of a Home Equity Debt?
What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit.
What if I go to mortgage brokers who have access to “B” type lenders at higher rates?
Thanks guys!
I’m thought about applying for a home equity loan or line of credit for my home but am discouraged by my not more than mean credit score. To refinance, any and all applicants must also be on the title document, so would the same rules apply on a home equity loan or line of credit?