Posts Tagged ‘Equity Loan’

What are some valid reasons to access the equity in your home for a loan?

Friday, November 27th, 2009
Lou asked:


We’re trying to get a first mortgage for the equity we have in our home. My husband built our home so we’ve never had a mortgage. We want to use the money for some financial security but this is not the answer the bank wants. What do they want???

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Posted in Renting Real Estate | 11 Comments »

We have a really good credit score and want to buy another house or do an equity line on our current, but.

Friday, October 30th, 2009
clayjoe asked:


My husband started a new business (as a new home contractor) a little over a year ago, so it looks like we have not made very much as far as income for this year or last year. My husband does use money from the company to pay our bills, but the money is not considered income. Is there a mortagage company that can look at the fact that we have a really good credit score without considering our income situation?? We have also considered doing a equity loan….is there a place that will loan you 100% of the equity in your home without needing verification of income? or tax records?

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Posted in Renting Real Estate | No Comments »