Resolved Question: Is it better to borrow $10K on a car loan @ 8.25% for 36 mos. or on a home equity line of credit at 10.2%?

Need some help, not very knowledgable with different loan types. my family has been in current home for 4 years. Bought for $184,000 I still have 175,000 left on loan at 6% interest rate. I don't know exactly what my credit score is but I know its over 750.

We are looking to expand our family so finishing the 600 square foot basement is a must. Whats the best loan option for me???? Refinance, Home Equity or Home Equity line of credit. I need at least 10,000 to finish the basement as close as I can figure. Would like to stay in the house for another 8 years or so but if none of these are going to work out then I will be selling it for a bigger house. If it helps I have no credit card debt, just the mortgage and 2 car payments. I have student loans as well.

Any advise would be great

Resolved Question: Am I obligated to pay off a second mortgate(home equity line of credit in $100K)in situation with foreclosure?

This is my second house, which I was trying to sell for one year, and cannot afford to pay any longer. I plan to take a home equity line of credit for $100K+ and refuse to pay any longer, because I do not want to lose equity what I have. Will second mortage provider seek a repayment in case of foreclosure and will he go agains my personal assets or another house that own?

Resolved Question: Is it better to borrow $10K on a car loan @ 8.25% for 36 mos. or on a home equity line of credit at 10.2%?

I want to buy a car and need a 36-month loan. I have the choice of $10K loan from e-loan at 8.25% or drawing from a home equity line of credit at 10.2%. I want to know which is the better option in terms of overall cost to me over the 36-month period.

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