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When you refinance your home do you lose your equity?

No, you should keep the equity in your home


Can you file for chapter 7 bankruptcy if you have equity in my home?

Sure.


Can you file bankruptcy on a home equity loan and credit cards?

Yes.


Home equity loans should have stronger restrictions for potential applicants.?

Home equity loans should have stronger restrictions for potential applicants.


In Florida can you have a home equity line of credit and still file a deed in lieu of foreclosure?

You will not be able to keep your home equity line of credit if your house is in foreclosure or anything similar to it. This is standard across the United States.


Do you think people need to check there home equity status?

People should check their home equity status if they are interested in getting a home-equity loan. Home-equity loands provide lower interest rates than credit cards or other traditional loans so it is worthwhile to check out.


Can you still keep your vacation home if you file bankruptcy if there is no equity?

In a chapter 7, yes, you can keep your vacation if you have no equity in it. This assumes you have not run out and borrowed money against it knowing you were going to file bankruptcy. In a chapter 13, the equity is only relevant to the amount to be paid to the unsecured creditors. You don't "lose" the property.


What should someone look for when searching for the best home equity loan rates?

When looking for a home equity loan you should find a plan that best suits your needs. You should find out what is the length of the plan and what the initial fees are.


What are some frequently asked questions about home equity loans?

Some frequently asked questions about home equity loans include: How do home equity loans work? What are the benefits and risks of taking out a home equity loan? How much can I borrow with a home equity loan? What are the interest rates and repayment terms for home equity loans? How does a home equity loan differ from a home equity line of credit?


Is it possible to obtain a home equity loan without having any equity in your home?

No, it is not possible to obtain a home equity loan without having any equity in your home. Home equity loans are secured by the equity you have built up in your home through mortgage payments or appreciation in value.


How much equity do you need in a home in order to get a home equity loan?

Home equity loans enable homeowners to get cash out of the equity in their home. As Homeowners pay down their mortgage, they build equity; equity is also built as a home’s value increases. In order to qualify, most lenders require at least 20 percent equity in your home.


Can you get a home equity loan if your home is paid for?

Absolutely! Home equity loans enable homeowners to get cash out of the equity in their home. As Homeowners pay down their mortgage, they build equity; equity is also built as a home’s value increases. You can borrow against your equity in your home. To check out more about home equity loans visit LendingTree.