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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Hi carolina dreaming!
Welcome back to the forums!
Yes, it will be a good option to pay off the car loan. Moreover it will also help you to improve your debt to income ratio. Once you pay off the car loan, I feel you will be in a better position to get another loan.
Feel free to ask if you have further queries.
Sussane |
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travon
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0.10 Dollars($)
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Post subject: equity line of credit |
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| i bought a home a year ago for 200,000. Going into it I had 80,000 worth of equity with the mortgage crisis I have no equity in my home because property value went down. I've been late on a few credit card payments but recently bought a new Truck. Can someone tell me how I can still go about getting a equity line of credit to pay off some bills |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Hi travon
With no equity in the property, you will not be getting a equity line of credit on your property. If you want to consolidate your credit card bills, you can look out for a debt consolidation company. They will help you in getting a debt consolidation wherein the interest rates will be reduced. I know a debt consolidation company - "debtconsolidationcare.com". You can visit their website and speak to their financial coach and see if they can assist you.
Thanks.
_________________
Good is the Enemy of Great. |
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anyone
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0.10 Dollars($)
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Post subject: re: home equity |
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| my home has been for sale..I would rather pay debt and stay...is there any one who will give an equity loan if I take if off the market...the house is worth 1450.00 and I have a 750,000 mtg on it |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Hi anyone,
You need to have equity in the property in order to get a home equity loan. If you don't have the equity, lenders would not give you a loan. I guess you are delinquent in your mortgage payments. You can speak to the lender about loan modification and check out if you can take advantage of it. This will also help you in saving the property.
_________________
Procrastination is the enemy of your financial sucess |
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anonymous1
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0.10 Dollars($)
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Post subject: finance |
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| describe a situation using long-term financing |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Your question is not clear to me. It would be better if you could specify your situation.
_________________
Good is the Enemy of Great. |
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