home mortgage loans

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

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

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