Comments on: How does home equity loan qualification works if you have bad credit? ? http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html Solution to your Niche Question Sat, 15 Oct 2011 00:02:34 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Steve D http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html/comment-page-1#comment-3491 Steve D Fri, 20 Nov 2009 12:27:12 +0000 http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html#comment-3491 Get in touch with a mortgage broker and explain your situation. He/she may know some lenders who will give out equity loans to people with less than perfect credit. Be prepared to pay above market interest rates however. As always, your house will have to appraise for more than you owe on the first mortgage and depending on the credit markets at the time, you may not be able to go up to 100% of appraisal. Get in touch with a mortgage broker and explain your situation. He/she may know some lenders who will give out equity loans to people with less than perfect credit. Be prepared to pay above market interest rates however. As always, your house will have to appraise for more than you owe on the first mortgage and depending on the credit markets at the time, you may not be able to go up to 100% of appraisal.

]]> By: Real Estate Guy http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html/comment-page-1#comment-3492 Real Estate Guy Fri, 20 Nov 2009 12:27:12 +0000 http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html#comment-3492 It's the same as when you got the mortgage. Also they will look at your equity. If you have a lot of equity and only want to take a little, it may be a little easier. It’s the same as when you got the mortgage.

Also they will look at your equity. If you have a lot of equity and only want to take a little, it may be a little easier.

]]> By: Judy http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html/comment-page-1#comment-3493 Judy Fri, 20 Nov 2009 12:27:12 +0000 http://nxus.net/how-does-home-equity-loan-qualification-works-if-you-have-bad-credit.html#comment-3493 It doesn't work. You say you have bad credit, then you say it isn't perfect, then say again it's bad. Which is it? Hardly anyone's is perfect - but if it's bad, you need to improve your credit rating if you want to get a HELOC It doesn’t work. You say you have bad credit, then you say it isn’t perfect, then say again it’s bad. Which is it? Hardly anyone’s is perfect – but if it’s bad, you need to improve your credit rating if you want to get a HELOC

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