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home equity

I have two properties One i live in and it is free and clear the second is a rental Between the two i have 400000 equity I need 15000 My credit is not good Can you help me by don young from Las Vegas, Nevada. Apr 17th 2012 Reply


James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions

Since you are in need of only $15,000, you may want to consider a personal loan. Springleaf Financial Services offers personal loans and they will lien your home if necessary.

Apr 17th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

AGAIN.....Find a local mortgage broker they will have a referraL FOR YOU AND GET YOU ON THE RIGHT TRACK

Apr 17th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Your primary residence has no loan and you only need $15,000? Contact a local Community Bank or Credit Union. Apply for a Home Equity Line of Credit, usually referred to as a "HELOC". Usually, there are nominal fees to establish this and you can get a credit limit several times what you currently need. The advantage of a HELOC is that you can get a limit for say, $50,000, but you only pay interest on the amount you borrow. The interest stops when it is paid back, and you can borrow it again later without having to re-apply. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Apr 17th 2012
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