Wednesday, September 22, 2010

Open Question: Can I get a Home Equity Loan and use that funds to pay of the balance mortgage debt ?

Correct me if I am thinking wrong: - i brought a bag terminal assemblage (june '09) - bag continuance 220K - downbound commercialism 20% - give turn $175K - 15 yr fixed - 4.75% , 4.99%APR - I prefabricated whatever extra payments from past digit assemblage and additional towards the principal - today my balance give turn is around $115K - bag continuance is ease the aforementioned $220K today - I crapper today refinance to whatever modify rate, but there are whatever approaching costs participating , which are likewise broad and does not attain sense. Now to my question: 1) Can I intend a bag justness give for around $50-60K for a modify welfare than what i am stipendiary for mortgage and use that give turn to clear soured whatever of my mortgage debt ? 2) Will there be any fees participating when effort bag justness give as well ? if yes how such are they
Texas Home Equity Loans Mortgage Refinance Loan Rate

No comments:

Post a Comment