0
What else can I help you with?
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
Can the equity be used as a down payment?
Equity can only be used as a down payment in limited cases. Close relatives are able to "gift" equity in a purchase, thus eliminating the need for the buyer to bring cash. E.g. A Mother can sell her son a house worth $100k for $80k buy having a purchase price of $100k with a gift of equity of $20K. This in effect is a down payment. Without doing this it would essentially lower the market value of the house to $80K. The appraised value or market value of a house is its purchase price. The argument is that if it was worth anymore it would have sold for that price. So in most cases there can't be equity in the house when purchased because its value is what you paid for it. A second example of where equity can be used to "purchase" a house is with a Land Contract. Technically the house is purchased at the signing of the land contract, however no loan is put in the name of the buyer. After a year or more if the house appraises for more than the agreed land contract price. When the buyer takes out a loan on the property. The "equity" in the property belongs to him and in effect is his down payment.
Can you use land equity as a down payment for a new property purchase?
Yes, you can use land equity as a down payment for a new property purchase. Land equity refers to the value of the land you already own, which can be used as part of the down payment when buying a new property.
What is another name for equity share?
another name for equity share is common stock. i.e. shares of a company that can be traded in the financial markets.
Can you use home equity to purchase another home?
Possibly. If you have enough equity in your current home to do a "Cash-Out Refinance" or "Home Equity Loan" to pay the total cost of the new home, then the answer is yes. However, you cannot use the current equity in your home for a down payment on the new home. These loans used to exist (they were called "Bridge Loans"), but I am not aware of any lenders that offer Bridge Loans at this time.
What will increase one asset and decrease another asset with no effect on liability or owner s equity?
Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
What effect does the purchase of treasury stock have on total stockholders equity increase decrease or none stays the same?
decrease
Can you buy a new home with home equity loan?
Yes, if you have enough equity in one home and want to use it to buy another. Otherwise, no. You cannot use a home equity loan to purchase a home since you have no equity that has accrued.
What are some reasons people have equity mortgages?
Reasons why people have equity mortgages include debt consolidation, purchase of large items such as purchase of a second home, car or caravan. Another reason could be to help a family member get on the property ladder.
What items affect stockholders equity?
Stockholders Equity is increase by profits and the issuance of new stock. Stockholders Equity is reduced by losses, the payment of dividends and the purchase of Treasury Stock (the company's re-purchase of its own stock).
What is another name for equity?
Owners capital is the other name of equity in business.
What is a another name for money or machines invested in a business?
Equity or Owner's Equity.
Can the equity be used as a down payment?
Equity can only be used as a down payment in limited cases. Close relatives are able to "gift" equity in a purchase, thus eliminating the need for the buyer to bring cash. E.g. A Mother can sell her son a house worth $100k for $80k buy having a purchase price of $100k with a gift of equity of $20K. This in effect is a down payment. Without doing this it would essentially lower the market value of the house to $80K. The appraised value or market value of a house is its purchase price. The argument is that if it was worth anymore it would have sold for that price. So in most cases there can't be equity in the house when purchased because its value is what you paid for it. A second example of where equity can be used to "purchase" a house is with a Land Contract. Technically the house is purchased at the signing of the land contract, however no loan is put in the name of the buyer. After a year or more if the house appraises for more than the agreed land contract price. When the buyer takes out a loan on the property. The "equity" in the property belongs to him and in effect is his down payment.
What is an another word for justice?
Equity.
Can you use land equity as a down payment for a new property purchase?
Yes, you can use land equity as a down payment for a new property purchase. Land equity refers to the value of the land you already own, which can be used as part of the down payment when buying a new property.
What is another name for equity share?
another name for equity share is common stock. i.e. shares of a company that can be traded in the financial markets.
