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Posts Tagged ‘Does’

Does A Co-signer Need To Be On The Title To Apply For A Home Equity Loan Or A Home Equity Line Of Credit?

Thursday, May 14th, 2009

I’m thinking about applying for a home equity loan or line of credit for my home but am discouraged by my below average credit score. To refinance, any and all applicants must also be on the title document, so would the same rules apply on a home equity loan or line of credit?

How Does Doing A Cashout Refi Or Home Equity Loan Affect Amt Risk?

Saturday, May 9th, 2009

We will be remodeling/adding on to our home and want to do a cashout on the first mortgage (of around $60,000) and then do a 2nd (Equity loan) for the rest…does doing this put us at greater risk for having to pay AMT taxes and if so, in what way (which lines in the 1040 or 6251 affect this)? Is there a better approach we could take?