Parents « home loans – mortgage refinance second mortage

home loans – mortgage refinance second mortage

January 27, 2010

If my parents give me a house what kind of loan do I get to make improvements?

Filed under: Personal Finance — Tags: Carpets, Current, First Mortgage, Home Equity Loan, Home Improvement Loan, House Building, House Loan, Improvements, Kitchen Bath, Loan Mortgage, Mortgage Help, Mortgage Loan, New House, Parents, Rent — admin @ 3:16 pm

Harold asked:

My parents are giving me their current house and building a new one. The house needs some improvements (Kitchen, Bath, Carpets, etc) what is the best loan to get? I currently rent so I don’t have a mortgage. Do I get a home equity loan, first mortgage, home improvement loan? Please help.

EDWARD

Comments (4)

June 9, 2009

How has the economy affected your mortgage?

Filed under: Other - Politics & Government — Tags: Economy, Home Loan, Houses, Mortgage, Parents, People — admin @ 5:18 am

THe T asked:

Foreclosing houses, people moving back in with there parents, can’t buy a home, can’t get out of a terrible home loan? What’s your story?

Who’s to blame for this mortgage crisis?

ELDON

Comments (6)

January 1, 2009

What is the difference between a mortgage and a home equity loan?

Filed under: Renting & Real Estate — Tags: Heloc, Home Equity Loan, Home Improvements, Limited, Mortgage Loan, Mortgage Rates, Parents, Pay Equity — admin @ 5:56 am

BC asked:

I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a home equity loan. I’m not interested in HELOC’s.

DION

Comments (6)