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If your ex was court-directed to pay off your home-equity loan in the divorce can you sell the house without using your own equity to pay off the loan if he cannot refinance or pay in a lump sum?
Since the house was used as collatoral for the loan you would have to use your equity in the house to pay off the loan.
Can you get a home equity loan without having a home?
No.
Can a home equity loan on one house be transferred to a new loan for a new house?
No
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.
Can I use my house to acquire a secured loan?
yes you can acquire a secure loan using your home. you can apply for a home equity loan or a home equity line of credit.
What is the difference between a home improvement loan and a home equity loan?
Home improvement loans are given to people who want to do renovations on their house. Home equity loans are loans that are given out with the assurance of the house.
Can I get a loan against my house deed?
Yes, you can get a loan against your house deed through a process known as a home equity loan or a home equity line of credit (HELOC). This type of loan allows you to borrow money using your home as collateral.
Can you take out a home equity loan without equity in your house?
A home equity loan is a mortgage based on the value of your home that exceeds any outstanding mortgages. Your equity is the value of your home that is actually paid for. If your home is fair market valued at $100,000 and there is an outstanding mortgage in the amount of $40,000 then you have $60,000 in equity. However, note that due to costs, fees and fluctuating home values a lender will generally not loan the full amount of equity but something less than the fair market difference. In your case, having no equity in the home means that you have nothing to offer the lender as collateral and the lender has no reason to loan you any money. No equity means no home equity loan.
How can I take out a loan against my house?
To take out a loan against your house, you can apply for a home equity loan or a home equity line of credit (HELOC) through a bank or mortgage lender. These loans allow you to borrow against the equity you have in your home, which is the difference between the value of your home and the amount you owe on your mortgage. Keep in mind that taking out a loan against your house puts your home at risk if you are unable to repay the loan.
How can I release equity from my house?
You can release equity from your house by either taking out a home equity loan or a home equity line of credit (HELOC). These options allow you to borrow against the value of your home, with the loan amount based on the difference between your home's current value and the amount you still owe on your mortgage.
Can you get a home equity loan without your spouses signature?
yes you can
Can a home equity loan be used for a downpayment on another home?
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
