savemycashnow.com Jake Ferder, Kansas City Mortgage Rates, Refinance, MO Mortgage Companies, Home Equity Loans, Kansas City Mortgage

I have a mortgage & home equity line of credit with the same lender. The rate on the equity loan is currently 2.5% (prime – 3/4). I was thinking of refinancing my mortgage and taking out a little cash to pay off some credit cards. My question is, if I refinance my mortgage do I have to pay off the balance on my home equity loan?

i bought a big home and now i have built up some equity, i tried to get some home improvement loans and my credit score took a bad hit. I currently am stretched out too far and would like to get a cheaper home so i can breathe. If i sell my home can i buy a cheaper one. What are the chances a bank would agree.

I’m in Ontario, and our bills are pretty high (newly married) and my $8,000 student loan is in collection along with a bunch of other stuff…if we could only consolidate it all we’d be able to make one payment on all of it and get it paid down. We have no co-signer and DO NOT want to claim bankruptcy…how can we do this, our credit is bad so I can’t see how we could apply for a loan without a house? Any ideas? I want to pay my creditors, just need the payments put together somehow to be managable…we will never be able to get our credit rating back at the rate we are going….

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Happily ever after uses the author’s personal experiences of the ups and downs of debt to illustrate the lessons that will change the way you think about money so you can gain control of your finances, pay off your debt, and reclaim your freedom and your life!… More >>

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Alan White, Assistant Professor of Law at Valparaiso University, discusses the history and background of the recent mortgage crisis at the “Defending Foreclosures, Saving Homes” conference, held March 28, 2008. As the foreclosure crisis deepens, Indiana homeowners are in greater need of assistance from trained housing counselors and attorneys. The conference’s speakers have extensive experience in predatory lending and foreclosure litigation, workouts, and bankruptcy. Conference participants learned about the latest developments in foreclosure and bankruptcy, loss mitigation and mortgage servicer practices. Attorneys interested in representing homeowners learned the nuts and bolts of the Indiana foreclosure process, explored effective claims and defenses available to homeowners, and learned how to present workout and loan modification proposals to mortgage servicers. Housing counselors learned more about judicial foreclosure in Indiana and options available to homeowners at each stage of the process. Architects of the Indiana Foreclosure Prevention Network were on hand to explain the IFPN initiatives—including the recently established hotline and referral network. Valparaiso Law, founded in 1879, is one of the oldest continuously operating law schools in the USA Located near Chicago in Valparaiso, Indiana. www.valpo.edu/law

My friend has a home equity line of credit and plans to foreclose on his home. Will he be responsible to pay for his line of credit afterwards or will that be considered a part of the foreclosure?

Just calculated all my CC debt and I have a grand total of $2450 in debt. I also have to pay tuition next semester which will be another $2,000. So $4450 total. This CC debt is hanging over my head and annoying. I just want to get rid of it once and for all!

I have been offered a loan of $8,000. My minimum balance per month would be $280. I would take the $8,000 to pay off the $4450 debt which leaves me with $3,550 in my bank account. With that $3,550 + my current bank account balance + work I will pay the $280 per month.

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If so, do you know which banks?

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Steps to avoiding credit card debt, the most common and serious case of debt accumulation.

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