home equity line of credit/loans
Hello, We were thinking of doing some renovations and pay off CC debt. we wanted to get a 100K home equity LOC or a loan. With all the crap press on banks and lenders not as willing to dole out money – do you think we will face a lot of resistance? I have good…
Hello,
We were thinking of doing some renovations and pay off CC debt. we wanted to get a 100K home equity LOC or a loan. With all the crap press on banks and lenders not as willing to dole out money – do you think we will face a lot of resistance?
I have good credit, just not sure what the rates are on loans these days
is anyone else doing this now or are many of you waiting the storm out?
If you have an Equity Line Of Credit,i think i can help you get a very flexible loan on any amount you want.No collateral is needed,no credit history required,no upfront fees ever and the interest rate is very very low.
You will personally determine when it is convenient for you to repay back the loan.If interested kindly get back to me for more details through this email:teddysenyo@gmail.com and i will link you up directly to the lenders there in America that will credit your line of credit account in less than 24 hours after the screening process.
I hope this helps,get back to me if you need my help.
Teddy.
thanks for info.
i hope this info i can share everyone.
thanks a lot
http://www.homeequityloansmassachusetts.co.cc
yeah!
A home equity loan (HEL) allows the borrower to use the equity in their home as collateral to borrow money. For the further information you can switch on the below address.
http://www.quickloansinfo.com/home-equity-loan-information.html
well, as of that credit you can move for the following site to grab home loans.
http://www.TalkingHomeLoans.com/
We did it through our bank (Citibank) and got a rate of prime – 1/4%, very easy process. Paid off all credit cards and have $ for reno if needed. I should note we both have excellent credit.
You may want to consider getting a renovation loan that would give you better terms and rate.
Rates can range anywhere from 6.5 to 7.875 precent.
http://www.myrenovationfinancing.com
I’ve been in the same situation, been “accepted” for about three months, and they keep finding one thing that they need in order to process. Now that we’ve finally fixed on 15 year payment plan and signed some paper they’re still going to make us wait another 4 weeks. Dont think it’ll happen over night because even the people with good credit are having to wait. and we only wanted 50k.
FYI a HELOC can subtract 50 points or more from your credit rating. It does not get classified as a mortgage on your report.
If you have the equity and proper credit, you should be able to borrow at prime – 1/4% or even prime – 1/2%. 100k translates to a $375-$395 per month on an interest only HELOC. Not bad. Just make sure you can withstand some large increases down the road when the rates move up again. Also, now would be a good time to pay down the HELOC (rather than just paying interest) with some extra funds.