Colombia To Raise Tax Revenue By COP2.1 Tln In '11 With Bill

Wall Street Journal

The government will propose to extend the duration of a tax on equity aimed at financing the purchase of military equipment, and raise its rate, ...



and more »

Consolidated Media, Crown, Seven: Australia Equity Preview

Bloomberg

July 9 (Bloomberg) -- The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced ...



and more »

AB Foods, Barclays, CRH, Persimmon: UK, Irish Equity Preview

Bloomberg

July 7 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in UK and Irish ...

How does a home equity loan work?
Q. I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about home equity loans and heard about being tax deductible. How do they work? Do they look bad on your credit? How much can you borrow ? Does it add to the years to pay off your house? We only have eleven years left to pay as it is right now. Just wondering what is a good option. I even thought that after I graduate and am working that my pay checks can go all to my student loans. I am just looking for some good ideas without having to stress out about debt and bills and such. We are trying to pay our bills off and so… [cont.]
Asked by newmoon - Mon Mar 19 16:11:58 2007 - - 5 Answers - 0 Comments

A. I'm not sure why you would want to get a home equity loan to pay off student loans. Typically interest rates on student loans are much lower than home equity loans. It is true that you can use interest paid on a home equity loan as a tax deduction, but you can also use interest paid on student loans as a deduction.
Answered by PCL-R - Mon Mar 19 16:25:37 2007

What are the benefits of a home equity loan?
Q. What are some benefits of a home equity loan? How does it work? Whats a good interest rate for someone with OK credit? My is good, but my husbands is fair. We are planning on consolidating high interest cards and possibly using sometowards a newer vehicle.
Asked by cheerful2 - Thu Mar 29 16:28:14 2007 - - 5 Answers - 0 Comments

A. The rate will be somewhere between 7-8% right now. The main benefit is its tax deductibility. You'll be able to finance high rate credit card debt at a much lower rate and get a tax deduction. You also be able to spread the payments over a longer period of time. Home Equity Lines of Credit generally only require an interest only payment while a home Equity loan is generally amortized over 10 years. Just be careful, you're potentially spending your home's equity on frivolous items.
Answered by nickfromct - Thu Mar 29 16:37:49 2007

How much equity do I need to refinance my house?
Q. We've only been in it for 1 year so don't have much equity. We paid 189,000 for it - how much do we need?
Asked by dickenerfelheimer - Wed Jul 30 14:57:40 2008 - - 5 Answers - 0 Comments

A. You will need to have at least 5% for most lenders who are not already your lender. When a lender is already at risk, they will often start with zero equity. But by that I mean, they will take the price they could sell the property for now, and the new mortgage must be at most that much, in theory. But given that they will lose by selling the home for less than the mortgage, they may agree to renew the mortgage without insisting you have any equity. It is a way to sell the house to you for a price above what it is currently worth.
Answered by donfletcheryh - Wed Jul 30 15:09:43 2008