Home Equity Lines of Credit : When to Refinance Your Home Equity Line of Credit

Usually when a person refinances an equity line of credit, they combine it with a new first mortgage refinancing. Learn about difference reasons for refinancing a home equity line of credit with help from a financial specialist in this free video on home loans and money management.

Expert: Matthew McKillen

Contact: www.innovativefg.com

Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients.

Filmmaker: Christopher Rokosz

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From: ehowfinance

Related topics : line of credit home equity loan / refinance mortgage home equity loan

What is Cash-out Refinancing? Cash-Out Refinance Loans Explained.

Learn all about Cash-out Refinancing. Cash-Out Refinance loans are not the same as a home equity loan. There are several differences, find out if cash-out refinancing is right for you.

ALCOVA Mortgage, LLC

Company NMLS ID# 40508

NMLS Consumer Access: http://www.nmlsconsumeraccess.org

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From: GoAlcova

Related topics : home equity loan refinance cash out / refinance mortgage home equity loan

What is the Difference Between an Equity Line of Credit and a Reverse Mortgage?

http://FolsomGraniteBayRealEstate.com Gennaro Faiola of Genworth Financial answers the question "What is the difference between an equity line of credit and a reverse mortgage?" A reverse mortgage requires the borrower to be 62 years old. The reverse mortgage borrower does not have to qualify for the loan with credit score or employment. Genworth financial looks at the borrowers age and the equity of the home.

A Reverse Mortgage may help seniors stay in their home.

Interview with Pam McCoy,...

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From: Pam McCoy

Related topics : home equity loan mortgage difference

No Need to Refinance to Pay Off Your 30 Year Mortgage in About Half The Time

PLEASE NOTE: this process is often referred to as the 'money merge' process, because you 'merge' your funds into one account. JUST LIKE YOU WOULD WITH A REGULAR CHECKING ACCOUNT -- you deposit your income -- write checks (take out funds) to pay your expenses (examples: mortgage, car payment, electric bill, etc.) -- exactly what you usually do.

THE DIFFERENCE IS -- you use an OPEN END ACCOUNT instead of a regular checking account. At the beginning of this video I do a brief explanation of...

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From: Bobbie Thompson

Related topics : line of credit home equity loan / line of credit loans near me

Canadian Mortgage Payment Calculator & Amortization Calculator

This mortgage payment calculator is an iPhone/iPod Application designed for Canadians to calculate mortgage payments, mortgage amount, is an amortization calculator and much more. http://www.home-equity-loan-strategies.com

Using iMortgageCalculator.ca, we compare 2 different interest rates and review the mortgage payments & end of term balance to determine if there is benefit to pay out a mortgage early and renew into a new term:...

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From: Steve Crews

Related topics : loan payment calculator mortgage / home equity loan payment calculator / calculating loan payments / home equity loan rates calculator

How Much Of A Deposit Do I Need When Accessing Equity To Purchase An Investment Property (Ep215)

I’ve got another question from Tracy (this is her second question of three) and she asked, “How much deposit do we need (just an estimate) in which we can utilize from the equity of our home?”

I’m assuming what she means is she wants to access equity from her home in order to purchase an investment property and she wants to know what percentage she needs (5%, 10%, 20%, etc. . .).

There are two different things that you need to look at in this situation:

The loan-to-value ratio of...

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From: On Property

Related topics : home equity loan mortgage difference / equity loan mortgage lenders

What is refinancing?

Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.

You could get a lower interest rate and reduce your monthly repayments or you could fix your rate for a certain period, and have the security of fixed monthly repayments.

You could access the equity in your home and take the opportunity to build additional wealth by buying an investment property or renovating.

Refinancing can...

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From: Mortgage Choice

Related topics : refinance mortgage home equity loan / debt consolidation home mortgage loan

Carolina Mortgage Specialist

Preferred Choice Mortgage Company from North Carolina and South Carolina is helping the community one family at a time. This a new promotional piece based around home décor and the individuality of owning your own home. If you are looking for a mortgage in North Carolina or South Carolina asks one of our loan specialists how they can save you time and money. Today you may be able to stop renting and start building equity in a home of your own. We have three locations for your convince in...

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From: PreferredChoice

Related topics : north carolina home equity loan rates / south carolina home equity loans / new north carolina homes / refinance home mortgage loan rate

North Carolina and South Carolina Mortgage Company

Preferred Choice Mortgage Company from North Carolina and South Carolina is helping the community one family at a time. This is the 1st and last frame of a new promotional piece based around home décor and the individuality of owning your own home. If you are looking for a mortgage in North Carolina or South Carolina asks one of our loan specialists how they can save you time and money. Today you may be able to stop renting and start building equity in a home of your own. We have three...

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From: PreferredChoice

Related topics : north carolina home equity loan rates / south carolina home equity loans / new north carolina homes / refinance home mortgage loan rate