How to Start a Home Equity Loan

How to go about obtaining a home equity loan

Difficulty: Moderate

Instructions

1. You will need sufficient equity in the home. An appraisal will determine its value.

2. Your credit must be in good standing. Total indebtedness must meet the lender's qualifying ratios.

3. You can obtain equity loans with zero or less equity. Loans up to 125% or more of the house's value come with very high interest rates, more stringent fees, and strict qualifying rules.

Resources

• Miss Real Estate

[AustinNotary]

on 11/8/2008 Thanks for such a informative article.

Jenette
www.mobileaustinnotary.com
"The Nicest Notaries in Texas, That Go To You 24/7"