Sentences with phrase «get a home equity loan based»
Moreover, you will be able to get finance sooner than you think since even if you have an outstanding mortgage, you will be able to get a home equity loan based on the equity you build on your home either because you are paying off the mortgage and the debt is reduced or because the property's value will increase over the years.
http://www.badcreditloanservices.com/
Banks rely mainly on credit score when approving loans but as the name suggests, you get a home equity loan based on equity left in the property.
Not exact matches
Getting a home equity loan or line is much like getting a first mortgage; you need to be approved based on the amount of equity in your home and your credit - wortGetting a home equity loan or line is much like getting a first mortgage; you need to be approved based on the amount of equity in your home and your credit - wortgetting a first mortgage; you need to be approved based on the amount of equity in your home and your credit - worthiness.
With a reverse mortgage you are basically getting a loan based on the equity in your home.
You may be able to get a loan based on the equity in your home.
* Getting a loan based on your creditworthiness instead of your home's equity means you can use your loan as you see fit.
Assumption # 1 «Get a $ 55,000 home equity loan for only $ 360 a month» The sample payment of $ 360 per month is an interest only payment based upon an draw amount of $ 55,000 with an variable interest rate starting at 7.8750 %; a 120 month draw period with minimum payments of interest only followed by a 180 month repayment period.
Assumption # 2 «Get a $ 75,000 home equity loan for only $ 453 a month» The sample payment of $ 453 per month is an interest only payment based upon an draw amount of $ 75,000 with an variable interest rate starting at 7.25 % for the 1st month.
Maximum Cash Out The maximum amount of money you are allowed to get back from your mortgage transaction based on the loan information provided and the amount of equity you have in your home.