Comments on: if i take out a home equity loan now will this loan affect me if i want to refinance my mortgage? http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage Information on Refinancing a home mortgage Mon, 21 May 2012 07:55:02 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Mariah http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/comment-page-1#comment-119 Mariah Sun, 19 Oct 2008 10:35:09 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/#comment-119 It's extremely important to understand that with a little time and the right approach getting the absolute best mortgage refinancing is not a huge problem.Companies/businesses that arrange financial products of this natureenter into some research and groundwork on your own because the Internet can equip you with an absolute pot of gold of very helpful data when it is essential that you get the best mortgage refinancing. It’s extremely important to understand that with a little time and the right approach getting the absolute best mortgage refinancing is not a huge problem.Companies/businesses that arrange financial products of this natureenter into some research and groundwork on your own because the Internet can equip you with an absolute pot of gold of very helpful data when it is essential that you get the best mortgage refinancing.

]]> By: Rob Day http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/comment-page-1#comment-118 Rob Day Sat, 18 Oct 2008 17:36:13 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/#comment-118 if you pay your loan out early be carful that there is no penalty for doing so.. ask your lender if you pay your loan out early be carful that there is no penalty for doing so.. ask your lender

]]> By: jon b http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/comment-page-1#comment-117 jon b Thu, 16 Oct 2008 17:07:57 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/#comment-117 All of your borrowing is based on the equity you have in your home, your credit, and ability to repay the loans. In your case if you have the equity for the 2nd, and take it out now - and then re-fi the first later on down the road you will likely have more closing costs for these transactions that if you did one, but as long as you have equity, credit, and ability to pay, then a lender will do the transactions for you. Note: as the year goes on, it's possible that the value of housing may decline some (negating some of the equity you have), and if you go from a 30 to a 15, then your higher payement will bring your debt to income ratio up - which means that your loan won't look as favorable to take advantage of the best rates offered, which may make that waiting game not so good an idea. best bet, make an appointment with a mortgage lender that has the tools on his/her desk to run the numbers though the scenario and find the best solution for you. All of your borrowing is based on the equity you have in your home, your credit, and ability to repay the loans. In your case if you have the equity for the 2nd, and take it out now - and then re-fi the first later on down the road you will likely have more closing costs for these transactions that if you did one, but as long as you have equity, credit, and ability to pay, then a lender will do the transactions for you.

Note: as the year goes on, it’s possible that the value of housing may decline some (negating some of the equity you have), and if you go from a 30 to a 15, then your higher payement will bring your debt to income ratio up - which means that your loan won’t look as favorable to take advantage of the best rates offered, which may make that waiting game not so good an idea.

best bet, make an appointment with a mortgage lender that has the tools on his/her desk to run the numbers though the scenario and find the best solution for you.

]]> By: engineer50 http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/comment-page-1#comment-116 engineer50 Wed, 15 Oct 2008 05:41:34 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/#comment-116 You bet it will affect your ability to refi. A refi with cash out is always better than a second loan. You bet it will affect your ability to refi. A refi with cash out is always better than a second loan.

]]> By: leslie http://www.refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/comment-page-1#comment-115 leslie Sun, 12 Oct 2008 11:07:47 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/if-i-take-out-a-home-equity-loan-now-will-this-loan-affect-me-if-i-want-to-refinance-my-mortgage/#comment-115 Right now rates are LOW, I would just refi instead of the HELOC that might cost you 7% on up. Why pay for 2 transactions. Right now rates are LOW, I would just refi instead of the HELOC that might cost you 7% on up. Why pay for 2 transactions.

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