Resolved Question: I was thing about getting a home equity loan but don't want to refinance, because of a 6% penalty ( Wa state )

Hi. I want to buy a small vacation home in Puerto Rico. PR is a commonwealth of the US, so I beleive the same rules apply. The house is really cheap (60k) & I need to get a mortgage loan for it. Is there any type of mortgage that I can get that will not make me have inspections & will be quick? The seller has potential cash buyers & he agreed to not sell it to anyone else but only if I can get the loan done quickly. Please help!!

Also I am open to long term personal loans. But it would have to be atleast 72 months & w/ a smaller APR. I owned my home in Philadelphia for 4 yrs so I believe I do not have much equity. & also can I get the loan here in Philadelphia? What are my options. I will choose the best answer. Thank you. Also I was looking at mobile home loans.. would that be possible?? It seems like a good option but its not a mobile home... My family is from Puerto Rico. I know the cost of houses over there. 60k is cheap for a house over there. PR is almost as expensive as the US as far as hopmes go. PR is NOt a 3rd world country. It is the ricjest caribbean island. No I do Not want to buy a mobile home! I was only looking at mobile homes for this loan, lol.

& yes I know its not good to buy a house w/o inspection, I will get 1 of my own; however I just dont have the time for the dozens of inspections that come along w/ a mortgage loan. Atleast thats what they made me do for my home in Phila. Thank you Lissy. Yes my mother in law already went to the home last week & said it was in great condition. It is all cement & sturdy. & also I will go to see the home before I sign off all the papers.

Voting Question: Should I consolidate my credit card debt & close old card accounts before or after refinancing my home?

I have about $9000 in credit card debt, I was thinking of getting a end-term loan that has regular monthly payments to get it paid off sooner and a stable interest rate. My problem is two things 1. We (my husband and I) are going to refinance our home in March so I do not know whether to get this loan now or wait until after we refinance. We do no have enough equity in our home to get any kind of equity loan for the house. 2. My husband has about three credit cards that does not have any balance on them and that he has not used in years one he has never used. Does this hurt his credit should we cancel them? If so, do we do it now or after we refinance? The loan we are looking at is an intrest only for the first 5 years which we will be selling after that and so we don't want to refinance much more than we already owe on it maybe get about $4000 to put down new flooring. The new floors is needed as we have two children w/ eczema & asthma and the old carpet is needing to be replaced. We are looking at laminate flooring throughout the house.

Resolved Question: I was thing about getting a home equity loan but don't want to refinance, because of a 6% penalty ( Wa state )

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