Use student loans or obtain home equity line?
My employer pays for my tuition, but I am still eligible to take out student loans. I am debating if I should continue to use student loan money to "fix - up" my house, or just take out a home equity line. I know if I take out a loans, and if I stay in school I can keep the loans deferred and just pay when I can, but a home equity loan would require immediate payments. Also, if I hit a rough patch I can request a forbearance request. Any thoughts?- It is actually illegal to use student loans for anything other than school and school related expenses. Try a personal loan or home equity loan. There are several options with a home equity loan just go over your options with the bank
- So, you are going to lie on your loan applications that you need the money for tuition when you are not actually paying tuition. Since your employer will only reimburse you if you p the courses, this may actually be allowed. However, if you do get reimbursed, you can not deduct any interest on your taxes and you would be a fool to not pay off the loan immediately. Stick to the home equity line of credit or no loans at all
- Not a good idea. Student loans are not for anything else but education expenses
Knowledge Base
Does the home loan interest rate vary between online quotes and the real ones ?
- i am planning to buy a home - i have put an offer on a house and almost a hundred percent done deal now i have to look out for a home loan. i am looking at several online interest rate quotes what lenders are giving based on my (home equity loans)
What is the average percentage rate for a new home loan in Arizona?
what is the average percentage rate for a new home loan in arizona?. 30 year, full amortized loan, less than $417, 000, at least 3% down, fha, with verified income and reasonable credit, should be around 5% to 5. 5% at most. the 5% figure will cost you a point, (home equity loans)
What are the fha home loan rates like as of now? I am looking to use a fha refinance for my current home. ?
fha refinance loans seem like my best option at the time for refinancing my home loan. can anyone provide me with some information pertaining to the current fha rates?. 15 yr is 4. 75. 4. 875% - 5. 00% on a 30 year mortgage is about the lowest going rate (home equity loans)
Knowledge Base: Home Loans
What would happen to your home mortgage loan in this case?
say if me and a co - buyer buy a home together both first - time home buyers, and get a conventional loan from a bank. if later, one of us wants to take our name down the le, would that be allowed? would the bank re - acess the (home loan refinance)
Will a new job affect your posibilites of getting a new home loan?
my boyfriend wants to buy a home for us and he just got a new job offer with better pay and benefits. he has been at his previous job for 8 years and will probably be accepting this new offer very soon. will this affect his possibilities of getting or (home equity loans)
It is a buyer's market - I understand that. Home equity loans, how do they work?
if i purchase a home for $300, 000, but it is appraised for $350, 000, will i have automatic built - in equity that i can use to consolidate $12, 000 in school loans and credit card debt? or, will i still have to pay down some of the p&i (home loans)
What is the average percentage rate for a new home loan in Arizona?
what is the average percentage rate for a new home loan in arizona?. 30 year, full amortized loan, less than $417, 000, at least 3% down, fha, with verified income and reasonable credit, should be around 5% to 5. 5% at most. the 5% figure will cost you a point, (home loan rate)
How do I get a new home loan while I still have a current mortgage?
i am trying to get a loan on a new property, but i still have a small mortgage on my current home. i do not want to lose out on the new house, but with some past credit issues 6 & 7 years ago issues, i cannot find someone to (new home loans)
Knowledge Base: Home Equity Loans
It is a buyer's market - I understand that. Home equity loans, how do they work?
if i purchase a home for $300, 000, but it is appraised for $350, 000, will i have automatic built - in equity that i can use to consolidate $12, 000 in school loans and credit card debt? or, will i still have to pay down some of the p&i (home equity loans)
is there a place that offers home equity loans to people that have bad credit?
my boyfriend and i own our home with no mortgage. we have around $76, 000 of equity in our home but have bad credit. is there somewhere we can go for a loan that works with the better business bureau. i want to make sure its legit. there are what (home equity loans)
Home equity loans what happens when my mom dies?
my mother who is 85 got a equity loan on her home rather than a reverse mortage loan. i was told today that when she p es the total loan becomes due and payable? basicly that we can not just keep making the payments. is that true? she did this (home equity loans)
Public Records Reading - Mortgages, Do home equity loans show or just reverse and second mortgages?
i read public records when doing re research so i am wondering. i guess that only second and reverse mortgages show. and why would someone choose a second mortgage vs home equity loan? are we saying that a home equity loan automatically shows as a lien?. all mortgages and liens (home equity loans)
More than one home equity loans at a time?
i want to know if i can get more than one home equity loans at a time for a single house from different banks. because i have applied for a home equity loan from a bank, but it seems to be not enough for me to do what i want (home equity loans)
Knowledge Base Categories:
- Home Loans
- New Home Loans [8]
- Home Equity Loans [7]
- Home Mortgage Loan [9]
