Can a home equity loan be included in bankruptcy?

Answer You can usually include a home equity loan, or "second mortgage," in bankruptcy. However, you should proceed with caution. Unless you are filing Chapter 13 bankruptcy, you may lose your home entire... Read More »

Top Q&A For: Can a home equity loan be included in bankruptcy

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

Can you file for bankruptcy on an equity loan?

When declaring bankruptcy, a home equity loan is treated no differently than any other type of secured loan. A bankruptcy will eliminate the debt from the home equity loan, but it does not eliminat... Read More »

Can You Get a Home Equity Loan If You Have a USDA Home Loan?

The United States Department of Agriculture (USDA) has a Rural Development arm offering direct and guaranteed home loans. In each scenario, the USDA offers to assist homeowners with the expense of ... Read More »

Is a home equity loan considered a second home loan?

A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »