Sentences with phrase «owing on a home equity line of credit»

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Many lenders set the credit limit on a home equity line by taking a percentage (say, 75 percent) of the appraised value of the home and subtracting the balance owed on the existing mortgage.

They have hardly any equity in their new home, they're leasing an expensive Lexus car, and they have $ 34,000 owing on high - interest - rate credit cards and a line of credit.

Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.

Just because the mortgage balance owed on the home is less than the market value does not mean a homeowner can easily establish a home equity line of credit.

In addition to their home mortgage, they also owe $ 309,000 on their rental properties as well as $ 74,290 in other personal debt, including a car loan, equity line of credit and a personal loan that was used to pay for their trip to Africa.

In addition to their $ 360,000 mortgage, they owe $ 135,000 on a home equity line of credit.

The amount of equity you have in your home — essentially the dwelling's value minus what you owe on it — will limit the size of your credit line.

We owe $ 92,000 on our home equity line of credit at 3.5 % and we have another $ 25,000 on a credit line at 6.5 %.

Home equity is the difference between the market value of your home (what you could sell it for) and the amount you owe on your home (your mortgage, line of credit, home equity loan, etHome equity is the difference between the market value of your home (what you could sell it for) and the amount you owe on your home (your mortgage, line of credit, home equity loan, ethome (what you could sell it for) and the amount you owe on your home (your mortgage, line of credit, home equity loan, ethome (your mortgage, line of credit, home equity loan, ethome equity loan, etc.).

If you have two mortgages on your property or maybe you have a mortgage and a HELOC, home equity line of credit, these take extra time to negotiate as now there are two lenders to deal with on getting them each to take less than what you owe them.

1) re: HELOC (home equity line of credit) How much do you owe on your current house and how much do you think its worth?