www.lendinguniverse.com Bad Credit Mortgage lenders provide financing and hard money loans refinancing nationwide. This story demonstrates the financial crisis Subject: Best explanation of the market crises I?ve seen yet Young Chuck moved to Texas and bought a donkey from a farmer for 0.00. The farmer agreed to deliver the donkey the next day. The next day he drove up and said, ?Sorry son, but I have some bad news, the donkey died.? Chuck replied, ?Well, then just give me my money back.? The farmer said, ?Can?t do that. I went and spent it already.? Chuck said, ?OK, then, just bring me the dead donkey.? The farmer asked, ?What ya gonna do with him? Chuck said, ?I?m going to raffle him off.? The farmer said ?You can?t raffle off a dead donkey!? Chuck said, ?Sure I can Watch me. I just won?t tell anybody he?s dead.? A month later, the farmer met up with Chuck and asked, ?What happened with that dead donkey?? Chuck said, ?I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of 8.00.? The farmer said, ?Didn?t anyone complain?? Chuck said, ?Just the guy who won, So I gave him back his two dollars Chuck now works for Goldman Sachs. Banks, mortgage brokers, credit unions and private investors compete for all borrowers residential and commercial Bad Credit Mortgage loan requirements. Simply complete a simple form and receive fast and accurate multiple results. Also borrowers get tools that track all the negotiations. Lenders compete- You decide ?
Question by toolate: is a home equity line of credit the same as refinancing a mortgage?
if i just needed to consolidate bills and pay off some debt which would be the best way to go?
Best answer:
Answer by gretskins
no. home equity loans borrow money against the rising value of your home. if you bought your home for 100,000 and it is now appraised at 150,000, your equity in the home is 50,000. you are borrowing that.
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