Questions tagged [home-equity]
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral.
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Why offer at a lower interest rate on a loan then the expected ROI of investing in the stock market?
A quick google search told me that the expected ROI of investing in the stock market is roughly just under 10% That's admittedly a bit higher then I had anticipated, but quick scanning of their ...
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UK - Do I pay higher Stamp Duty for transfer of equity on main home if I have Buy To Let property?
It is my understanding that if you own a BTL property and a residential property, and then move house, you pay the standard stamp duty (without the 3% surcharge for second homes) even if it is a ...
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Should I stay in a declining (affordable) neighborhood or move into a more expensive one?
I bought a brand new home for my young family 4 years ago. I love my house and have done much to improve it. I can also easily afford my house while contributing to a 401k. When I moved in the ...
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Investing in stocks and bonds to save for a home renovation
We have a goal of one day doing a large home renovation. This work is not urgent, but it would definitely be nice to do someday. I would prefer to take on as little debt as possible to do this, so I'm ...
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Is there financial instrument for overvalued homes
My home is valued at 400k and I bought for 125k 2 years ago. If I believe that the value is going to decrease, is there a financial instrument that allows me to profit, basically short my own homes ...
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The cost of living in a "High-Status Neighborhood"
I was reading this question about The Millionaire Next Door, after recently finishing the book myself. I remember that the book warned against living in a "High Status Neighborhood," in ...
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Can home equity be used to pay your mortgage?
Traditionally, home equity can be "extracted" in a number of ways: cash-out refinances, HELOCs, or Home Equity Loans. All of these allow you to either directly or indirectly utilize the ...
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Paying cash for home and gifting a percentage to brother
Background:
I live in Washington state, but was purchasing a home in California; for my mother to live in (rent-free).
I was tentatively planning to gift my brother and his wife $30,000 in equity of ...
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Better to withdraw from 401k or take out home equity loan for investment opportunity?
There is a fast-approaching investment opportunity (January) that I very strongly believe will have significant short-term (2x - 5x within a matter of months) and long term returns. I need ...
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Home Equity Loan vs. Cash-Out Refinance
I live in a condominium and have just been hit with a special assessment of approximately $40,000. I'm going to have to tap my home equity since I don't have this amount on hand, and would like to ...
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Should I refinance (again) if I am looking to sell within 5 years?
I've been bombarded from different organizations trying to get me to refinance and wanted to see if there would be any advancement to doing so since interest rates have dropped so much.
My situation ...
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HELOC for annual renovations
We’ve got some equity in our home and I’m wondering about how to handle our renovation plans. As I understand it, I can borrow against my equity with a HELOC, use this money for the projects and pay ...
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Options for additional loan to add a second story to house
I would like to add a second story to my primary residence in the US. Estimated cost of project is $250k. I'm seven years in on a 30 year fixed rate mortgage at 3.75%. What are typical options people ...
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Home equity price
I bought a home that costs $100,000 and it’s worth $200,000 but I still owe $50,000 on it how much equity do I have on the home?
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Pros and cons of using a Roth IRA to fund home improvements
I have a Roth IRA with a balance of something like $150k. Say around $100k of that is contributions. Due to my income, I am ineligible to contribute to the Roth IRA, but I do maximize contributions to ...
