Question by lUKE13422: Can I USE my house to get Secured Personal Loan ?
Can get a secured Bank Loan easily ? Compared to heloc ?
I have just started new job, but it is website project and dont get paid UNTIL late feb
My credit is under dispute and is bad right now.
I have a mortgage on my house but have NOT been able to get a HELOC from anyone.
they all want to refi first mortgage but wont give 2nd loan/heloc
I ONLY need 9,000 dollars. (had accident last year, lost my grandmother, aunt and had surgery and emergency car/house repairs – so thats my hard luck story)
Just a short term loan for immediate bills.
Im soooo desperate right now that loan sharks seriously sound good.
i dont give a crap about interest rate.
ANyway how easy would it be to get a secured loan using my house with a bank ?
My first loan is 336,000 but I have at least 160,000 in pure equity.
Do not give me ANY links to sites.
Just need advice on approaching banks (im in pennsylvania)
help!
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Article by Steve c clark
You may be getting it difficult to fetch some funds from the market due to your bad credit and need to pull out some cash from your home equity. Regardless of why you need the money, whether it is to consolidate debts, for home improvement, to pay off tax liens, recover your home from foreclosure, or to do whatever, depending on your equity, you need not get frustrated now. Home equity loans bad credit is available for your rescue now.Some facts about home equity loans bad credit
Home equity loans allow a homeowner to borrow money by pledging the house as collateral. Borrowers who want to borrow a relatively large amount of money or who don’t have good credit often find the home equity loan to be attractive. A home equity loan is a type of second mortgage, not to be confused with a home equity line of credit.
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For borrowers with bad credit, organization of finance has a difficult task. This is mainly to make the difficult financial situation and the negative credit report the lender refuses to financial support. But the equation changes entirely if the borrower agrees to certain assets such as home warranty. Here the borrowers can have access to funding, not only with him, the interest rates are very competitive. With the creation of BadHome equity loans, borrowers can easily be varied to your needs, regardless of your credit worthiness.
- Fixed Equity Loans Read more of this >>
Ive been in my house for 5 yrs 2 months behind just got laid off is there any way to to get help or home equity loan?
I filed for Chapter 13 to keep my home. I was out of work for over a year and things really went bad. I am back to work now making about 75,000. I have $50,000 equity in this house. Because of the Chapter 13 my credit score took a huge dive. Any suggestions? Home appraised for $230,000 and I owe about 163,000. Help!
I am tired of online mortgage sites promising no docs no credit check loans and not really being anything but regular standard lenders. I have a ton of equity in my 4 year old paid-off home. I wish to get 80% of the appraised value in a home equity loan. I work for myself and much of my income is not reported. I have been divorced and my credit score is bad. I do own the house though and wish to use that equity. Please only answer with a real solution. Predator lenders need not bother me with empty promises and credit card lending rates on a secured home mortgage/equity loan. It needs to be a lender that can operate in South Carolia as well. This is a house, 2 story frame built house 2168 sq feet heated. 2.5 baths and a 2 car garage all on a .51 acre lot. Thank You Very Much!
I live in Texas.I need to do home improvements.
its not a trailer.I dont have any credit cards either.
I don’t owe it
I believe that s how much its worth because thats what my tax statement says.Is this the value?
These are reserved for those that are and have been in good standing with their mortgage company and also have excellent credit histories. This loan is essentially a second mortgage because they are secured with the value of the house just … Open end home equity loans are those that are referred to as a line of credit. With this type of borrowing the borrower can determine when and how they would like to borrow. These usually allow for the borrower to borrow 100% of the … …
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You might think that taking loans to reduce your other loans sounds bad, but the truth is that secured bank loans can help you quite a bit to reduce your debt. You can use secured bank loans to cover five credit cards for example, instead of keeping track … A secured bank loan is also a home equity loan, which is determined by considering the house’s value and the mortage that was already paid off. There is another advantage here, the fact that by improving your house, … …
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