Comments on: Can we get a loan for home repairs, remodeling, etc. ?

By: CALIFORNIA GOLD

CALIFORNIA GOLD — Tue, 29 Dec 2009 18:26:58 +0000

I want to say yes but it depends on how much equity you have, your income, and your credit score for starters. I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck. [who]

By: Texas Girl

Texas Girl — Mon, 28 Dec 2009 00:21:50 +0000

If you owe less than what your house is worth, then you have equity and you may be able to qualify for a home equity loan. This is the best type of loan that you can get to consolidate credit cards and/or remodel your house. . But you should talk to a financial representative at your bank to see what the laws are in your state regarding this type of loan. [who]

By: june e

june e — Sun, 27 Dec 2009 05:14:57 +0000

Go for a Personal Loan:

Personal loans provide finance to meet your dreams and aspirations. Whether you want to finance your child’s education, going on a vacation, buying a car or bearing medical expenses, or any other purpose, personal loan is the answer to your needs. You need not tell the lender your reason for taking the loan.

There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it. [who]

By: alexa dion

alexa dion — Thu, 24 Dec 2009 06:57:00 +0000

There are several advantages to getting mortgage pre-approval before looking for a home.

Being pre-approved for a loan lets you know how much you can borrow towards a home, your agent can help you find a home within the loan amount you’re pre-approved for, and a seller of a home is more likely to accept your offer than someone who has not been pre-approved for a loan yet.

Your lender will review your credit, financial, and employment information during the mortgage pre-approval process after you fill out an application.

Once you qualify for a loan, you will receive a mortgage approval letter. It will contain a maximum loan amount you’re approved for and how much time you have to use the loan. This is your bank’s guarantee of the amount they will lend you toward the purchase of a home.

When you are ready to negotiate a price for a home, the seller will be more willing to accept your offer because you already have financing available. A seller would be more reluctant to accept an offer from someone who doesn’t have the money yet to buy the home, because the offer can fall through if the buyer can’t come up with the money at the time of closing. Read more about home loan at: [who]

By: Isaac Laquedem

Isaac Laquedem — Sun, 20 Dec 2009 22:05:49 +0000

Yes, if (a) you have reasonably good credit, (b) the house is worth more than the first loan and your proposed second loan, and (c) you can demonstrate that your income is enough to make the loan payments. If you fall short on one of these requirements, you can still get financing, but you’ll pay more for it. [who]

By: shoaib

shoaib — Fri, 18 Dec 2009 22:25:08 +0000

yes y not [who]