I have two properties One i live in and it is free and clear the second is a rental Between the two i have 400000 equity I need 15000 My credit is not good Can you help me by don young from Las Vegas, Nevada. Apr 17th 2012
James Barath (JamesBarath)
Since you are in need of only $15,000, you may want to consider a personal loan. Springleaf Financial Services offers personal loans and they will lien your home if necessary.
Ralph Richard Guertin (ralph@absolutelowrates.com)
AGAIN.....Find a local mortgage broker they will have a referraL FOR YOU AND GET YOU ON THE RIGHT TRACK
Bert Carpenter (BertCarpenter)
Your primary residence has no loan and you only need $15,000? Contact a local Community Bank or Credit Union. Apply for a Home Equity Line of Credit, usually referred to as a "HELOC". Usually, there are nominal fees to establish this and you can get a credit limit several times what you currently need. The advantage of a HELOC is that you can get a limit for say, $50,000, but you only pay interest on the amount you borrow. The interest stops when it is paid back, and you can borrow it again later without having to re-apply. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com
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