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Can one person apply for a home equity line of credit when there are two names on the mortgage?
Wiki User
∙ 16y ago
It is possible. One person may apply on for a HELOC and the loan may be made on the credentials of the one borrower but the previous co-mortgagor/owner may be required to sign limited documents relating to title of the property depending on your local property laws. Give me a call if you have any further questions. Thanks, Eloy Benavides
Personal Loan Consultant
Platinum Financial Group of LMI Funding
214 607-1445
eloy@platinumfinancialonline.com
www.PlatinumFinancialOnline.com
Wiki User
∙ 16y ago
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Where could one go for equity line of credit loan?
There are many places to apply for equity lines of credit or home equity loans. Most banks and mortgage companies provide one or both of these products.
How can one apply for a second equity home loan mortgage?
One can apply for a second equity home loan mortgage by visiting a bank and filling out the application. Banks make approval decisions about second home loans according to ones home equity and personal credit rating.
In new york state if your name is on the deed and not the mortgage can you apply for a home equity line of credit?
Yes, you own the house
How could one apply for a 2nd bad credit mortgage in the UK?
Someone can apply for a second bad credit mortgage in the United Kingdom online. A person what has bad credit, they can still apply for a mortgage in the UK by filling out the application they can print online or get from a bank.
How can someone get a home equity loan if they have bad credit?
A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.
Where could one go for equity line of credit loan?
There are many places to apply for equity lines of credit or home equity loans. Most banks and mortgage companies provide one or both of these products.
How can one apply for a second equity home loan mortgage?
One can apply for a second equity home loan mortgage by visiting a bank and filling out the application. Banks make approval decisions about second home loans according to ones home equity and personal credit rating.
In new york state if your name is on the deed and not the mortgage can you apply for a home equity line of credit?
Yes, you own the house
How could one apply for a 2nd bad credit mortgage in the UK?
Someone can apply for a second bad credit mortgage in the United Kingdom online. A person what has bad credit, they can still apply for a mortgage in the UK by filling out the application they can print online or get from a bank.
If you pay cash for an investment property how soon can you take out an equity line?
You can apply for an equity credit line mortgage as soon as you take title- when the deed has been recorded in the land records.
How can someone get a home equity loan if they have bad credit?
A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.
Can you take out a mortgage on a home that you own that currently has no mortgage on it or does it have to be a home equity line of credit?
Yes. The choice is yours whether you apply for a mortgage or an equity credit line and whether you get approved depends on your credit record and the value of the property. Please try first at a local bank where you will receive much better treatment after you have signed the note than you will get with a huge, national lender. Make certain you understand what you're signing and what your payments will be.
Which prequalify loan allow you to apply online with very little credit or for someone who is self employed?
First Equity Mortgage is a prequalify loan allow you to apply online with very little credit or for someone who is self employeed. You can get more information at www.firstequitymortgage.net
Who is eligible to apply for a CCJ mortgage?
In recent years it has become easier to apply for a mortgage with a CCJ on your credit report. The easiest way to determine if you're eligible to apply for a mortgage is to contact a UK independent mortgage broker after you have received your credit report from a credit reporting bureau to see if you qualify.
Can you apple for a Home Equity Line of Credit at Tri Counties bank?
Yes you can apply for a Home Equity Line of Credit at a Tri County Bank. You can apply for a Home Equity Line of Credit at any bank of your choosing. Hopefully you have a bank near you.
Can your in-laws apply for the mortgage using their credit score even though your husband and you would be making the payments and how soon after that can you switch it into your names?
If your in-laws apply for the mortage, the mortgage is in their name and they're responsible for paying the bill. If you pay them in order to make the mortgage payment, you are building their equity, not yours. The only way you can switch the mortgage to your name is for you to buy the house from your in-laws.
How do you apply for an equity loan?
To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.
