I currently owe 60000.00 on my original mortgage loan and 25000.00 on my home equity loan the 2 are from different financial institutions.My home was used of course as collateral for the equity loan,what happens to my house if im current on the mortgage but maybe defaulting soon on the equity loan???
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If I’m Current On My Mortgage But Am Ready To Default On My Home Equity Loan,what Will Happen To My Home?
Friday, May 22nd, 2009Can I Skip My Last Mortage Payment And Use It To Pay $1000 Off Of My Home Equity Loan Before Closing?
Wednesday, May 20th, 2009I have a Mortgage payment due Novemeber 1. The place is going to be sold Novemebr 14. I was going to take the money I would use to pay the mortage and take $1000 off of the home equity loan (Principal) so it is that much less that I have to pay out of pocket at closing. Is this smart or dumb?
