Home equity line of credit???
What is home equity line of credit? What are advantages and disadvantage of it????? What are Installment Loans? Advantage and disadvantage of it???? If I want to pay my credit cards and I own a home should i take a home equit line of credit or Installment loan
Question about appraisal for Heloc Home Equity Line of Credit...?
Your comps and market analysis - are they based on your having the repairs/upgrades complete? If yes, then the number they have is probably based on "as is" value - meaning right now, before you've had opportunity to make the upgrades. Request to know what comps they used. If theirs are closer/newer/more similar than the ones you used, you are a little out of luck, probably. However, if yours are newer/more similar/closer, you may be able to successfully change their value by sharing this info. (just to be clear: when I say newer comps I mean sold more recently as in sold in last 3 months vs in the last 12 months) Good luck!
How can I apply for a home loan? Where can I get home loans?
Owning a home is every person's dream but not all people can afford to purchase their dream home. Good thing there are several financing companies, banks and other financial institutions both private and government that are offering home loans to people. There are pointers on how to increase a person's chance of getting approved. You just have to work on it and find the right lender that will meet your needs. First, is to determine if you can afford to pay for your monthly obligations once you've been approved. Before you can be approved; you still need to make down payments and then you must have the source to pay for the monthly amortization. Having a savings account will help you get approval. Lending companies usually require the latest history of your bank statement of account. This will show how capable you are to pay for the loan. Showing that you have enough savings will make an impression on the lenders that you are financially capable thus increasing the probability that your loan will be approved. Having a stable job will also increase your chances to get approved. Lending companies will not lend money or approve loans of people who don't have a stable job. You must be at least six months full time employment before you ever consider applying for loan. There are several lending companies and banks from whom you can apply for home loan. To have a better chance of being approved make sure that you understand the loan application process as well as the required documents.l