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I have a 2 bedroom older home with an estimated value of $64,000 am I able to get a home equity loan?

by millyk_503_551 from Orange, California. Apr 2nd 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

You left out a lot of info... do you owe anything on the property?, if so how much?? how's your credit?? sufficient income?? Most lenders maximum loan amount percentage is based on Loan to Value.. so without knowing your complete profile, it's hard to say.. but in general, yes... lenders will do home equity loans.. most will max out at 80% loan to value.. so in your scenario, if you owe zero, then you could borrow 80% of $64K, which is $51,200.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Apr 2nd 2013
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there is possibility.. depends on if you owe anything on the property... you can call me at 714-936-5300.

Apr 2nd 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Possibly, depending on how much you owe.

Apr 2nd 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Depending on your credit, you may have to borrow $30,000 to $50,000, to meet minimum loan amounts. Call me for more information at 503-620-2239.

Apr 2nd 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

Depends on credit, income and if you currently have a balance. Contact one of the lenders in your area under the FIND A LENDER tab as they will get you qualification details.

Apr 2nd 2013
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Cory Ure (coryure)
#46 ranked lender in Utah - 50 contributions

Like any loan it depends on your credit, capacity and collateral: Your credit score, your capacity to repay the loan and the amount of equity in the home already. Most lenders that are still doing second mortgages and home equity lines of credit are not lending over 85% loan-to-value, so how much you can get will all depend on how much you currently owe on it.

Apr 2nd 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

How much do you owe on the home ? if you have no mortgage then you should be able to get an equity loan if you qualify.

Apr 2nd 2013
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Private Money / Commercial Money LendingWaikoloa, Hawaii 96738Office Phone: 808-883-2747E-mail: J@KalaLending.comBusiness Description: We offer multiple types of funding starting at $100,000 and up, no maximum: * Commercial Real Estate Loans * Bridge Loans * Multi-Family * Office Buildings * Industrial * *Hotel / Motel Financing * Medical * Assisted/Independent Living * Warehouses * Franchises * Convenience Stores *Restaurants * Project Finance * New Construction * Equipment Leasing * Stock Loans * Portfolio Liquidations * Private Equity * Joint Ventures *Working Capital * Project Finance *Oil and Gas Financing *Renewable Energy Financing * Gold Mines *Churches*Credit Lines *Proof of Funds *Bank Instruments * Bulk REO's * NPN's/PN's

Apr 9th 2013
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