More than one home equity loans at a time?
I want to know if I can get more than one home equity loans at a time for a single house from different banks. Because I've applied for a home equity loan from a bank, but it seems to be not enough for me to do what I want to do with the money. So I thought I can apply for another equity loan from a different bank to double the amount. Is it possible?- It depends on the state you live in. In Ma, we're allowed only two loans against any property. Usually that means you can have a mortgage and one equity loan. If your property is paid for then you can have two equity loans. No bank is going to lend you more than the property is worth, and each loan lowers your equity. Talk to a loan officer in your state
- No you can't. Just like credit agency, your equity loan information is registered. When you approach the second bank for an additional equity loan, they will pull up your file and they will insist that you consolidate theirs and the first bank's equity loan into one. This means, the second bank will pay off the first one's equity fees charged to you and then they will write a equity with the old loan plus the new one - provided you qualify for the entire loan of course. In these tight credit markets today this type of fancy - dancy loans are thing of the past. However you can talk to them. If your income is good - I mean real good and solid - then they will loan you
- Hello, I live in the US and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through really rough times in my life and my name is Helen Peters and in all this hard times, a worse incident occured in my life as i lost my job which was my only means of survival and things became really bad as i had bills to pay and my last son suffered a knee injury incurred when he fell from a tree house and the doctors informed me that he needed a surgical operation for his knee so he could walk again and at this point, life was useless to me as i have no family and no one to run to and each night, i will sit down and cry till the break of dun until one day, i read an advert on yahoo answers of man that stated that he could help people in my shoes with loans and in my desperate situation, i had no choice but i had to try and so shocking and suprising, it was like an impossibility becoming a reality, i got a loan of $75, 000 USD even with my bad credit within 48 hours and my sons surgery was done and thank GOD it was successful and now, i am okay and living in comfort with my kids and i said to my self, i have never ever seen this kind of wonder in life and i decided i will tell it to the whole wild world and i need every one to thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family even when all hope had been lost and gone and i will say to every one, no matter how dark and sinful the world is today, there are still GOD fearing and reliable people on earth and if you are in my former situation or require a loan legitimately, i will advice you contact this loan lender and you can reach him via patrickharvey12@yahoo.com and i want you all to pray for this man for me
Knowledge Base
Can you have a home equity loan and a home equity line of credit?
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debt consolidation loans will they hurt or improve credit
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Knowledge Base: Home Equity
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Is getting Home equity line of credit possible if home have two owner?
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Knowledge Base: Home Equity Loans
Public Records Reading - Mortgages, Do home equity loans show or just reverse and second mortgages?
i read public records when doing re research so i am wondering. i guess that only second and reverse mortgages show. and why would someone choose a second mortgage vs home equity loan? are we saying that a home equity loan automatically shows as a lien?. all mortgages and liens (home equity loans)
Home equity loans what happens when my mom dies?
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continued from previous question / home equity loans?
the house i am planning on buying already has equity in it. if i plan to get a home equity loan to pay off all of my other bills besides the house payment, can i ask my lender who approved me for the home loan to give me a home (home equity loans)
Should I wait to get a home equity line of credit while my house is being re - financed?
high cost home equity loans sold to homeowners with no reasonable ability to repay them, have taken the homes and devastated the lives of california homeowners, many of whom are. through home equity loan abuse and fraud, homes are stolen and lives are devastated. high cost home equity loans sold (home equity loans)
More than one home equity loans at a time?
i want to know if i can get more than one home equity loans at a time for a single house from different banks. because i have applied for a home equity loan from a bank, but it seems to be not enough for me to do what i want (home equity loans)
