Maria asks…
is it possible to remortgage your home when you haven’t got a job?
admin answers:
You can’t prove that you can repay it. Seriously, would you lend money to someone knowing they can’t pay you back?
Lizzie asks…
what is the best way to get equity from your home? Refinance, remortgage or a home equity line of credit?
admin answers:
You didn’t give this one, but the best way, best being cheapest to you, is to sell the property. Assuming it is your primary residence and the tax gain will not exceed either $ 500k joint filers or $ 250 k for all others.
I guess you only want to do one of the three. That answer to that question depends on your personal circumstances. What rate and term do you currently have? What rate and term can you you get on refinancing? What kind of deal can you get on the home equity LOC?
Mandy asks…
Would you consider remortgaging your home to pay for fertility treatment?
admin answers:
When I was trying to get pregnant(had some problems) I would have done almost anything, getting pregnant meant everything to me and now I have a beautiful little girl….go for it, you will figure out how to pay for everything, it always works out maybe a remortgage would be worth it
Jenny asks…
please explain remortgaging your home.?
admin answers:
Richard is right, except that you may also take out a new mortgage to pay off the existing mortgage and leave you with a little cash.
If you want some advice, unless you really need to don’t!!
The housing market is rocking on a precipice.
Michael asks…
Remortgage -T buy another home?
Can you remortgage to buy another home,would your lender buy out the current mortgage?
I mean that we want to buy another home but with the downturn it would probably take for ever to sell our property and the new property that we would love to buy would probably be sold by then,so can you remortgage to buy this other home
admin answers:
I’m not quite sure what you are asking! If there is equity in your property and you re-mortgage to release that equity, then you can do whatever you want with the money.
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